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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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- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
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