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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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Saturday, 11 June 22
AIMTEK INTERNATIONAL CONFERENCE AND AWARDS
Press Release: The prestigious AIMTEK International Conference and Awards concluded successfully on June 7th, 2022 at Radisson Blu, Yas Island Abu ...
Thursday, 26 May 22
MARKET INSIGHT - INTERMODAL
The newbuilding market activity has been significantly positive from a dry bulk owner perspective during the first half of 2022. Indeed, the contra ...
Wednesday, 18 May 22
INDONESIAN COAL PRICE REFERENCE DROPPED 4.42% IN MAY
COALspot.com: Indonesian Coal Price Reference for May delivery drops 4.42 per cent month on month.
The Indonesian Coal Price Referen ...
Thursday, 12 May 22
MARKET INSIGHT - INTERMODAL
Almost through half of the year, the overall shipping market continues to show signs of healthiness, after plenty of festivities and holidays that ...
Wednesday, 27 April 22
EUROPEAN UNION'S LNG IMPORTS - BANCHERO COSTA
In 2021, the European Union (27) was the third largest seaborne importer of LNG in the world, with a 15.8% share.
It followed Mainla ...
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- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
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- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
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- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
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- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Economic Council, Georgia
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
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- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
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- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
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- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
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- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
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- Simpson Spence & Young - Indonesia
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