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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Wednesday, 26 November 14
OVERSUPPLY OF TONNAGE PUSHED PANAMAX SEGMENT DOWN FOR ANOTHER WEEK
COALspot.com: The Dry Bulk market managed to reverse its course from the week prior and with the sole exception of the Panamax segment, we witnesse ...
Wednesday, 26 November 14
SHIPPING MARKET INSIGHT - EVA TZIMA
The tanker market has been enjoying some good returns lately. Ok, that may be a big understatement, but with all the ups and downs of the past year ...
Tuesday, 25 November 14
FISCAL BREAKEVEN OIL PRICES SHOW SOVEREIGN VULNERABILITY - FITCH
COALspot.com: The vulnerability of the sovereign credit profiles of net oil exporters, as shown by their fiscal breakeven oil prices, suggests that ...
Tuesday, 25 November 14
UK: TRIBUNAL RULES ON SPEED AND PERFORMANCE CLAIMS UNDER TWO CONSECUTIVE TIME CHARTERPARTIES - REED SMITH
KNOWLEDGE TO ELEVATE
“Owners not to be responsible if the vessel under the currency of this charter party stays at port or anchorage or ...
Tuesday, 25 November 14
FOB RICHARDS BAY COAL SWAP FOR Q4' 15 DELIVERY CLOSED AT US$ 68.20
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 gained month on month, week on week and day over day.
The Q1 swap has gain ...
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- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- White Energy Company Limited
- Indika Energy - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Australian Coal Association
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Minerals Council of Australia
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
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