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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, 18 January 16
Q1'16 CFR SOUTH CHINA COAL SWAP CLOSED AT $ 42.50 PER TON; UP 1% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery rose US$ 0.43 (1.02%) per ton month over month.
A commodity swap is ...
Friday, 15 January 16
FOB INDONESIA COAL SWAPS FIRM SLIGHTLY LAST WEEK
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month over month and week over week.
According to AsiaClear OTC coal swap's r ...
Friday, 15 January 16
SHIPPING: 2016 STARTED WITH MISERY ACROSS THE BOARD FOR SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As one would have expected, the dry bulk market starter the new year where it left off in 2015, plunging to never seen before depths, as the market ...
Friday, 15 January 16
U.S. WEEKLY COAL PRODUCTION ROSE ACROSS ALL BASINS: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.4 million shor ...
Thursday, 14 January 16
FOB RICHARDS BAY COAL SWAP FOR Q3 DELIVERY CLOSED $5.90 LOWER THAN Q1 PRICE
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap up month over month and week over week.
The Q1’ 2016 FOB Richards Bay Coal ...
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- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Posco Energy - South Korea
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
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- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
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