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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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Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...
Friday, 09 September 22
GREECE WILL KEEP COAL-FIRED PLANTS RUNNING FOR LONGER AMID GAS CRISIS - REUTERS
Greece will keep seven coal-fired plants running for longer than previously planned as European countries adjust to a cut in gas flows coming from ...
Friday, 09 September 22
CHINA'S DROUGHT INTENSIFIES GLOBAL COAL SHORTAGE - REUTERS
China’s drought has sent coal prices surging as traders anticipate the lack of hydroelectric generation will force it to burn more coal to me ...
Thursday, 08 September 22
MOODY.S AFFIRMS ABM INVESTAMA'S B1 RATINGS FOLLOWING PLANNED MINORITY INVESTMENT IN COAL MINER; OUTLOOK STABLE
Moody's Investors Service has affirmed ABM Investama Tbk (P.T.)'s B1 corporate family rating (CFR), along with the B1 rating on its senior ...
Thursday, 08 September 22
MARKET INSIGHT - INTERMODAL
While the energy markets are historically stretched, Russian flows of crude oil are closely monitored as the oil trade is ultimately realigned. Mor ...
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- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
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