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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, 08 June 16
THE DRY BULK MARKET KEPT MOVING SIDEWAYS LAST WEEK; SECOND HAND PURCHASES MOVING NORTH - INTERMODAL
Once again its Posidonia time and the biannual exhibition takes place during a very warm June here in Athens, as if the performance of the dry bulk ...
Tuesday, 07 June 16
CS COAL INDEX ROSE FOR SECOND STRAIGHT WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up 0.38 percent week over week to averaging $39.16 per ton this past week, shows ...
Monday, 06 June 16
BDI GAINED ON A STRONGER DEMAND FOR CAPESIZE SHIPS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week on a stronger demand for Capesize ves ...
Friday, 03 June 16
DRY BULK VESSEL DELIVERIES COULD BE LESS THAN 50 MILLION DWT IN 2016, AS OWNERS DELAY OR CANCEL NEWBUILDING ORDERS
The dry bulk market has been caught between a rock and a hard place over the course of the past couple of years, as on one hand demand has plunged, ...
Friday, 03 June 16
U.S WEEKLY COAL PRODUCTION SLIDES 1.3% - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.5 million short tons (mm ...
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- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- PTC India Limited - India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- CNBM International Corporation - China
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
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