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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, 16 October 14
PANAMAX OWNERS RECEIVE A PREMIUM FOR GOING TO INDIA VIA INDONESIA - FEARNLEYS AS
Handy
The Handy/Supra market continues to slide in both hemispheres, said Fearnleys AS in its latest week report. In the Atlantic we see rates co ...
Thursday, 16 October 14
ARE WE GOING TO SHOOT OURSELVES IN THE FOOT ONCE AGAIN? - PANOS MAKRINOS
As the East part of our globe was coming back from its October holidays last week, everyone expected that the Dry Bulk market would follow suit and ...
Wednesday, 15 October 14
PANAMAX: ACTIVITY IN THE PACIFIC WAS UNIMPRESSIVE
The Dry Bulk market noted another weekly decline last week, while the BDI moved below 1,000 points taking down with it expectations that a post hol ...
Wednesday, 15 October 14
INDONESIAN COAL PRICE REFERENCE FELL TO FRESH MULTI-YEAR LOWS IN OCTOBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in October 2014.
...
Wednesday, 15 October 14
DRY BULK SHIPPING: RATE IMPROVEMENTS ARRIVED AS FORECAST, BUT UNCERTAINTY MOUNTS FOR 2015 DEMAND - BIMCO
BIMCO released its latest short term assessment of the dry bulk market, estimating that over the October-November period, the level of Capesize TC ...
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- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- The University of Queensland
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Parliament of New Zealand
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
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