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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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- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
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