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Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
 Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian government attempts to benchmark its coal prices to international indices. The new system has the potential to increase the cost of thermal power generated using imported coal in India.
The new method that will come into effect from September attempts to link the royalties paid to the Indonesian government to an index of coal prices for Australian and South African coal in addition to others. But Indian firms said Indonesian coal is of lower calorific value and, hence, priced cheaper compared with Australian and South African coal.
Deepak Amitabh, director (corporate finance) of PTC, said there are lots of issues, which still need to be sorted before the coal prices are determined. “We are still not clear how the government will work out the price differentials between Indonesian coal and that produced by Australia or South Africa, for example. Also the spot prices are always costly compared with the long-term sales contracts. We need to find out if the long term contracts for Indonesian coal would be at discount to international market prices or not.”
In September 2010 the Indonesian government issued new regulations to determine the benchmark price for the sale of coal and minerals. The regulation proposes to peg the price for both domestic sales and export of coal to a ‘benchmark price’ for all the mining licensees. Dipesh Dipu, director, consulting (mining) at Deloitte in India said the new regulation will force companies to transact at market prices, which may be seen as raising the cost of delivered coal in India.
“When companies invest in Indonesia, they tend to have the intent to sell coal at cost, so that Indonesian business unit remained at no or negligible profits. Taking a holistic view, however, the cash flows in an integrated Indonesian coal mining and Indian power generation unit after this regulation will continue to be similar, except that income taxes will be paid in Indonesia, and the cash flows will need to be brought on the books on Indian power project after paying taxes in Indonesia through appropriate and innovative business structuring,” said Dipu.
Banmali Agarwala, executive director and head of business development at Tata Power said, “The increased pricing will definitely affect the cost of generation and we are trying to work out a strategy to handle the additional hike.”
Adani group that sources coal from its mines in Indonesia is also expected to be affected by this regulation, as Adani Enterprises has direct stake in Bunyu mines in Indonesia. Adani Power has contracted to procure 4.6 mtpa coal from Adani Enterprises at $36 per tonne. However, the total import requirement for present operational capacities is around 6 mtpa.
Vijaykumar Bupathy, senior analyst with Spark Capital Advisors, said in report that “Assuming a $50 per tonne increase in the free on board (FoB) price of coal, there would be Rs 1,040 crore incremental fuel cost to the group to the extent of the committed 4.6 mtpa of supply alone.” However, when Financial Chronicle contacted Adani Enterprises, the company said there will be no direct impact on the company, since its total cost of mining and transporting Indonesian coal to Mundra is $25 per tonne. The coal is sold to Adani Power at $36 per tonne. “Any hike in price would only increase the royalty payments by around $1 or $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Monday, 30 January 17
DUE TO LUNAR YEAR HOLIDAYS, THE FREIGHT MARKET STAYED WEAK
COALspot.com: Due to Lunar year holidays and celebration, the Freight market was down in all segments this past week.
The Baltic Exchange, tra ...
Friday, 27 January 17
U.S WEEKLY COAL OUTPUT RISES FOR THIRD STRAIGHT WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
Wednesday, 25 January 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
Remember that old but classic song called “Destination Unknown”? Well that is where the oil market is heading right now. The song made ...
Tuesday, 24 January 17
MARKET UPDATE - ALLIED
This week at the World Economic Forum in the Swiss resort of Davos we had a historic first via the attendance and speech given by China’s pre ...
Monday, 23 January 17
THE PORT OF NEWCASTLE SHIPPED $AU 15.279 BILLION WORTH OF 161.399 MILLION TONS OF COAL IN 2016
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,453.1 M ...
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- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Australian Coal Association
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
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