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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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Tuesday, 04 March 14
AUSTRALIA'S NPC TO SHIP 11.85 MMT OF COAL IN MARCH
COALspot.com: In the week ended 3 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 3.15 m ...
Tuesday, 04 March 14
HIGHER PRICES AND STEADY FREIGHT RATES LEAD SHIP OWNERS TO TEMPORARILY HALT SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P m ...
Monday, 03 March 14
SUB-BIT INDONESIA COAL SWAP (FOB) FOR AVERAGE Q115 CLOSED AT $60.28, $ 1.70 HIGHER THAN 2Q14
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 slightly corrected do ...
Monday, 03 March 14
API 8 CFR SOUTH CHINA SWAPS: Q4' 2014 DELIVERY CLOSED US$ 1.40 HIGHER COMPARED TO Q2' 2014 DELIVERY
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.90 percent month on month and closed at US$ 76.27 per mt as on Fr ...
Monday, 03 March 14
COSTS LIABILITY PASSING DOWN A CHARTERPARTY CHAIN - SKULD
KNOWLEDGE TO ELEVATE
Provided that charterparties are on back to back terms, and the claim is successful, liability for costs incurred shoul ...
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- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Planning Commission, India
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
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