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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Wednesday, 08 January 14
SHIPPING: THE ABSOLUTE BOTTOM OF THE CYCLE WAS REACHED AND PASSED - GEORGE LAZARIDIS
COALspot.com: To many in the industry 2013 has been the turning point in the market where the absolute bottom of the cycle was reached and passed.
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Tuesday, 07 January 14
INDONESIA RAISES COAL PRICE THIS MONTH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.59 / MT ...
Tuesday, 07 January 14
NEWCASTLE COAL TERMINAL'S COAL EXPORTS SLIDE TO 3.54 MMT W/E 30 DECEMBER 13
COALspot.com: In the week ended December 30, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.54 ...
Tuesday, 07 January 14
US COAL OUTPUT SLIDES 9 PCT WEEK ON WEEK, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 17.8 million short tons (mmst) of coal in ...
Monday, 06 January 14
ARGUS LAUNCHES SPOT CFR EAST COAST INDIA COAL ASSESSMENTS
COALspot.com: Global energy and commodity news and price reporting agency Argus has announced today that, the company has launched CFR coal assessme ...
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- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- The University of Queensland
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Mercator Lines Limited - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
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