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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, 23 December 21
COAL DEMAND TO PEAK IN INDIA BY 2030, WILL BACK UP RENEWABLES: NITI REPORT - BUSINESS STANDARD
Coal will remain India’s mainstay energy source and the country will shape global demand this decade, two reports have said a month after the ...
Thursday, 23 December 21
INDONESIA’S 2022 COAL OUTPUT SEEN BETWEEN 637 MLN-664 MLN T- OFFICIAL - REUTERS
Indonesia’s 2022 coal output is estimated at between 637 million to 664 million tonnes based on production plans currently being finalised, s ...
Thursday, 23 December 21
VALE ANNOUNCES THE SALE OF ITS COAL ASSETS
Vale informs that, on this date, it has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corrido ...
Thursday, 23 December 21
INDIA: CAPTIVE POWER PRODUCERS URGE GOVT TO ENSURE NORMAL COAL SUPPLIES - PTI
A captive power producers’ association has urged the government for 100 per cent normalisation of coal supply to captive power producers whil ...
Thursday, 23 December 21
MARKET INSIGHT - INTERMODAL
As an outstanding year for the dry bulk freight market comes to a close, so does a thriving year for the SnP market which can only be compared to 2 ...
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- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- The University of Queensland
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
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