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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, 07 November 16
INDONESIAN COAL PRICE REFERENCE ROSE 59.57 PER CENT YEAR TO MONTH
COALspot.com: The Indonesia coal benchmark price hits to its highest level since May 2013. The government declared benchmark prices for Indo ...
Monday, 07 November 16
HANDYSIZE: THE ASIAN INDICES RECORDED A GRADUAL DROP EVERY DAY - THE BALTIC BRIEFING
Capesize
A rumour-fuelled market this week but essentially rates a touch firmer and owners cautiously optimistic. The flotilla of vessels heading ...
Monday, 07 November 16
THE SUPRAMAX CHARTER RATES FOR INDONESIA TO INDIA WERE RATING AT AROUND $7500-8000 A DAY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose slightly and ending in a positive note this past wee ...
Friday, 04 November 16
U.S COAL PRODUCTION UP WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
Friday, 04 November 16
INDONESIAN INFRASTRUCTURE DEVELOPMENT TRENDS ARE UNANIMOUSLY AFFIRMED
Press Release: October 20-21, 2016 Indonesia Infrastructure Summit (IIC) opened at the Hyatt Hotel in Jakarta The theme of the meeting was "Pr ...
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- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
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- The University of Queensland
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- ASAPP Information Group - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- Metalloyd Limited - United Kingdom
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- PowerSource Philippines DevCo
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- Indian Energy Exchange, India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Thai Mozambique Logistica
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- Chamber of Mines of South Africa
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- Straits Asia Resources Limited - Singapore
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- Globalindo Alam Lestari - Indonesia
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- Coalindo Energy - Indonesia
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- Minerals Council of Australia
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- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
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- White Energy Company Limited
- Indonesian Coal Mining Association
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- Aditya Birla Group - India
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- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
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- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
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- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- LBH Netherlands Bv - Netherlands
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- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
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- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
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- Bhushan Steel Limited - India
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- Xindia Steels Limited - India
- Goldman Sachs - Singapore
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- PTC India Limited - India
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- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
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- VISA Power Limited - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
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- ICICI Bank Limited - India
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- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
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- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Toyota Tsusho Corporation, Japan
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- Gujarat Electricity Regulatory Commission - India
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- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
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- Ministry of Transport, Egypt
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- Sindya Power Generating Company Private Ltd
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- Economic Council, Georgia
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- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
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- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
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