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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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Tuesday, 17 May 16
INDONESIAN COAL PRICE REFERENCE DECLINE AGAIN
COALspot.com: The Indonesia Coal Benchmark Price declined in May 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of ...
Tuesday, 17 May 16
CHINA THERMAL-POWER OVERSUPPLY TO WORSEN - FITCH
COALspot.com: The overcapacity in thermal-power generation in China is likely to worsen in 2016 to 2017, Fitch Ratings says in a new report.
F ...
Tuesday, 17 May 16
ON YOUR MARKS: TRACKING CHINESE TRADE - CLARKSONS
One of the major drivers behind the challenges currently facing many of the shipping markets has been slower demand growth. World seaborne trade gr ...
Monday, 16 May 16
INDONESIAN WEEKLY COAL INDICES AT POSITIVE LEVELS - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.31 percent week over week to averaging $38.94 per ton this past week, shows CS ...
Monday, 16 May 16
OPEC SEES RIVAL OIL PRODUCTION DECLINING
Crude Oil Price Movements
The OPEC Reference Basket averaged $37.86/b in April, a gain of $3.21 or 9.3%. This was 40% higher than the lows reache ...
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- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Planning Commission, India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
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