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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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Thursday, 28 July 16
FITCH RAISES CORPORATE OIL PRICE ASSUMPTION FOR 2016 TO USD42
Fitch Ratings has raised the 2016 oil price assumptions it uses when rating energy-sector corporates, but expects record high inventories to slow a ...
Thursday, 28 July 16
LAST WEEK ENDING UP WITH BUSIER TONES FOR SUPRAMAXES NOW COOLING DOWN - FEARNLEYS
Supramax
Last week ending up with busier tones for Supramaxes now cooling down as with index being down to 684. Average daily earnings for Supram ...
Wednesday, 27 July 16
RATES FOR THE SMALLER SIZES OVER-PERFORMED THE MARKET LAST WEEK - INTERMODAL
The decline the BDI noted last week was somewhat expected given the fact that the market has been overall firming for almost a month no ...
Wednesday, 27 July 16
GLOBAL OIL SUPPLY IS EXPECTED TO REMAIN HIGHER THAN GLOBAL CONSUMPTION IN 2016 - CHRISTOPHER WHITTY
Global oil supply is expected to remain higher than global consumption in 2016, keeping oil prices at relatively low levels this summer compared wi ...
Tuesday, 26 July 16
NORTH P&I CLUB EXPLAINS HOW TO AVOID CLAIMS FOR SELF-COOKING SOYA BEANS
KNOWLEDGE TO ELEVATE
North P&I Club has advised its members to be extra vigilant during loading and transport of soya beans to ensure they ...
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- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- PTC India Limited - India
- Ministry of Mines - Canada
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
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