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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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Wednesday, 12 October 16
MARKET INSIGHT - LINOS KOGEVINAS
Another Monday has gone by, bringing with it further turbulence for oil. A series of meetings between high-production nations Russia & Saudi Ar ...
Wednesday, 12 October 16
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The sharp increase in coking coal prices since August 2016 could squeeze Indian steelmakers' profitability and threaten their deleveraging, Fit ...
Wednesday, 12 October 16
UK SEABORNE COAL IMPORT PLUNGES 64% AS A WORRYING TREND LURKS - BIMCO
The main exporters of thermal coal for coal- fired power plants to the United Kingdom (UK) have experienced a heavy decline in seaborne cargo volum ...
Monday, 10 October 16
INDONESIAN COAL PRICE REFERENCE HITS HIGHEST LEVELS SINCE SEPTEMBER 2014
COALspot.com: The Indonesia coal benchmark price hits to its highest level since September 2014. The government declared benchmark prices for Indon ...
Monday, 10 October 16
THE FREIGHT MARKET FIRMS UP ON STRONG CAPE PERFORMANCE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose again and ending in a positive note this past week. ...
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- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
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- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
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- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
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- PNOC Exploration Corporation - Philippines
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- IEA Clean Coal Centre - UK
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- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
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- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
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- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
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- GMR Energy Limited - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
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- Marubeni Corporation - India
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- Romanian Commodities Exchange
- Renaissance Capital - South Africa
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- Iligan Light & Power Inc, Philippines
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- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
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- Bangladesh Power Developement Board
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- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- White Energy Company Limited
- The Treasury - Australian Government
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- Parry Sugars Refinery, India
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- Parliament of New Zealand
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- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
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- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
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- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
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- Jaiprakash Power Ventures ltd
- Planning Commission, India
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- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
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