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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, 13 November 13
Q3' 14 CFR SOUTH CHINA COAL SWAPS CLOSED HIGHER THAN Q1' 14 PRICES
COALspot.com : API 8 CFR South China Coal swaps for average Q1 14 delivery gained 0.55 percept W-W on Friday 8 November 2013. The CFR South China Co ...
Wednesday, 13 November 13
THE SOFTENING HAS AFFECTED THE BIGGER SIZE SEGMENTS; SMALLER ONES STILL APPEAR TO BE VERY STABLE - INTERMODAL
After a month and a half of back to back weekly declines, the dry bulk market has finally reversed its negative course. We believe that there should ...
Wednesday, 13 November 13
DRY BULK MARKET HAS REVERSED ITS NEGATIVE COURSE - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable+ )
The Dry Bulk market has reversed its negative course this past week with rates for Capes making up fo ...
Wednesday, 13 November 13
NEWCASTLE COAL EXPORTS PLUNGE 12.40% IN W/E 10 NOVEMBER FROM THE PRIOR WEEK
COALspot.com: In the week ended November 11, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.42 ...
Monday, 11 November 13
TAMIL NADU STATE OWNED POWER GENERATOR TO IMPORT 3.7 MMT OF 6000 GAD COAL
COALspot.com - TANGEDCO, Tamil Nadu Generation & Distribution Corporation Ltd, Tamil Nadu state owned power generator & distributor intends ...
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- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- The University of Queensland
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
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