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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, 19 January 15
FOB RICHARDS BAY COAL SWAP FOR Q4 DELIVERY CLOSED 4% LOWER THAN Q1 DELIVERY PRICE
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q1' 2015 declined month over month and week over week.
The Q1 swap has f ...
Sunday, 18 January 15
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN WEAK NEXT WEEK
COALspot.com: The BDI was up 4.51 pct week on week on Friday 16, January 2015. The BDI closed at 741 points on this Friday after gaining arou ...
Friday, 16 January 15
U.S. WEEKLY COAL PRODUCTION UP 7.3% W-O-W
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
Thursday, 15 January 15
PANAMAX : MARKET CONTINUE ON LOW PACE - FEARNLEYS
Handy
On a general basis we can say that rates are softening in both hemispheres. Although for some specific trades we can see premiums being ach ...
Thursday, 15 January 15
LOW CASH COSTS, GOOD LIQUIDITY HELP ASIAN OIL COMPANIES IN PRICE ROUT - FITCH
Fitch Ratings says that rated oil and gas production companies in Asia can comfortably operate under low oil prices for some time given their gener ...
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- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- The University of Queensland
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
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