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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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Tuesday, 20 December 16
TRADE HAS FELT ITS BUMPS AND SHAKES THIS YEAR - GEORGE LAZARIDIS
Trade has felt its bumps and shakes this year, as growing populist protectionist and nationalist movements in the Western world start to take hold. ...
Tuesday, 20 December 16
TURNAROUND IN CHINESE ECONOMY HAS INTENSIFIED RECENTLY, SAYS COMMODORE RESEARCH
According to the most recent Weekly China Report published by Commodore Research, it has remained encouraging that the turnaround in China’s ...
Monday, 19 December 16
U.S. WEEKLY COAL PRODUCTION DOWN 3.1% PERCENT WEEK ON WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
Monday, 19 December 16
THE FREIGHT MARKET WAS CONTINUING TO SOFTEN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continually decline this past week and ending on a negati ...
Thursday, 15 December 16
SUPRAMAXES ARE ACHIEVING AROUND HIGH USD 7K FOR INDO/CHINA COAL ROUNDS - FEARNLEY
Supramax
Pacific has been relatively quiet this week, with some softening signs.
Supramaxes are achieving around high USD 7k for Indo/China ...
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- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- VISA Power Limited - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
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