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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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Friday, 29 July 22
GLENCORE TO SUPPLY COAL TO NIPPON STEEL AT $375 PER TON - BLOOMBERG
Glencore Plc, agreed to supply coal to Nippon Steel at one of the highest prices ever paid by the Japan Bloomberg reported on July 27.
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Friday, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according ...
Thursday, 28 July 22
CREW FAMILIARISATION IS CRITICAL WHEN TAKING OVER A VESSEL - WEST P&I CLUB
Knowledge to Elevate
When a vessel changes ownership and/or manager, it can take some considerable time before the new crew and mana ...
Thursday, 28 July 22
RETURN OF COAL A THREAT TO EUROPEAN COMPANIES' ESG RATINGS - REUTERS
European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them ...
Wednesday, 27 July 22
MARKET INSIGHT - INTERMODAL
Amid the upcoming ban on Russian coal from the EU, which will be in full effect on August 10th, EU nations have been accelerating their coal import ...
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- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- White Energy Company Limited
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
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