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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, 18 October 16
COAL PRICES KEPT CLIMBING
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 18 October 16
PANAMAX: A FAIRLY POSITIVE END TO THE WEEK - ALLIED
Capesize
Things seemed to be moving sideways during the first half of the week, with resistance being felt as owners tried to resist any further ...
Monday, 17 October 16
THE FREIGHT MARKET WAS SOFTENED IN ALL SEGMENTS THIS PAST WEEK - VISTAAR
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline slightly and ending in a negative note this past ...
Friday, 14 October 16
SUPRAMAXES: DELIVERY SINGAPORE ARE SETTLING AROUND HIGH 6K'S FOR COAL TRIPS TO CHINA VIA INDO - FEARNLEY
Supramax
Wait and see attitude prevailing all over the market.
There have been several fresh cargoes, which have been efficiently covered by ...
Friday, 14 October 16
U.S. SHIPPED 3.3 MMST COAL IN JULY 2016; DECLINE 40% M/M
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.6 million short ton ...
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- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
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- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Planning Commission, India
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- Australian Coal Association
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- Indika Energy - Indonesia
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- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
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- Orica Australia Pty. Ltd.
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- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
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- Australian Commodity Traders Exchange
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- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
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- Grasim Industreis Ltd - India
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- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
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- Bangladesh Power Developement Board
- Independent Power Producers Association of India
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- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
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- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
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- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
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- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
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- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- VISA Power Limited - India
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- PTC India Limited - India
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- Latin American Coal - Colombia
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- MS Steel International - UAE
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
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- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
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- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
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- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
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- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Singapore Mercantile Exchange
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- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
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- Krishnapatnam Port Company Ltd. - India
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