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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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Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
Friday, 23 September 22
EUROPEAN STEEL BUYERS SEEK DIRECTION IN VOLATILE MARKET - MEPS INTERNATIONAL
Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the f ...
Friday, 23 September 22
BUOYANT COAL INDUSTRY SEEKS WAYS TO STAY IN THE LONG-TERM ENERGY MIX - REUTERS
There’s no doubt that the global coal industry has been a major beneficiary of Russia’s invasion of Ukraine and the subsequent energy c ...
Friday, 23 September 22
MARKET INSIGHT - INTERMODAL
In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance eve ...
Tuesday, 20 September 22
CHINA'S DAILY COAL OUTPUT HITS 3-MONTH LOW IN AUGUST ON RAINS, COVID CURBS - REUTERS
China’s daily coal output in August slipped to a three-month low as some mines in its biggest coal mining regions reduced operations or even ...
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- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- MS Steel International - UAE
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
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