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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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Thursday, 26 March 15
KYUSHU ELECTRIC POWER OF JAPAN HAS JOINED GLOBALCOAL ONLINE COAL TRADING PLATFORM
globalCOAL® announced today that Kyushu Electric Power, one of Japan’s largest utility companies, has joined its online coal trading plat ...
Wednesday, 25 March 15
MARKET INSIGHT: TANKER CHARTERING - KATERINA RESTIS
The 1st of January 2015, as broadly reported, denoted the beginning date of new and progressive emission regulations for vessels operating within t ...
Wednesday, 25 March 15
AUSTRALIA SET TO ONCE AGAIN BE THE WORLD'S LARGEST COAL EXPORTER - COAL, MINERALS COUNCIL OF AUSTRALIA
Greg Evans, Executive Director - Coal, Minerals Council of Australia
Media Release: The latest Resources and Energy Quarterly published by the ...
Wednesday, 25 March 15
AUSTRALIA UPSTREAM ENERGY FIRMS FACE RISING OIL PRICE EXPOSURE - FITCH
Fitch Ratings says the Australian oil and gas companies involved in exploration and production face higher exposure to oil price-linked revenues, w ...
Wednesday, 25 March 15
2014 : UK COAL IMPORTS DECLINED 17%; GERMANY COAL IMPORTS UP 6%
Hard Coal Market 2014: Despite The Energy Turnaround, Hard Coal Imports To Germany Rise By More Than 6%, Although Hard Coal-Fired Power Generation ...
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- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Petron Corporation, Philippines
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
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