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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, 17 February 16
TAP ON OPPORTUNITIES IN GROWING ELECTRICITY DEMAND AND NEW COAL POWER PROJECT DEVELOPMENTS IN THE PHILIPPINES - IBC
Tap on Opportunities in Growing Electricity Demand and New Coal Power Project Developments in the Philippines
Coal Power Generation 2016
19- ...
Wednesday, 17 February 16
THE OWNERS FACING HISTORICAL LOW DRY BULK RATES; COAL IMPORTS TO CHINA IS STILL POINTING TO A STRONG TREND OF DECLINING CONSUMPTION
The sharp fall in dry bulk rates that has been taking place since the end of last year and has left owners facing historical low rates for a substa ...
Monday, 15 February 16
CALL THE DOCTOR! SHIPPING'S MEDICAL DRAMA UNFOLDS......- CLARKSONS
The recycling market has started 2016 with a bang, with a huge volume of tonnage heading to demolition facilities. Many of the key shipping markets ...
Monday, 15 February 16
CS 42 COAL INDEX ROSE 0.07% WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.15 percent week over week to averaging $38.96 per ton on this past Friday, ...
Monday, 15 February 16
BALTIC INDEX MARGINALLY ROSE BY A POINT D-D; CAPESIZE INDEX DOWN 13 POINTS W-W; PANAMAX INDEX UP 29 POINTS W-W
COALspot.com: The freight markets continued to fall this past week.
The BDI, The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measu ...
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- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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