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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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Friday, 01 November 13
DRY BULK MARKET IN FIRST POSITIVE SIGN IN DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Owners of dry bulk carriers are well aware of the rollercoaster ride that has been the market for their vessels over the past few years. This trend ...
Thursday, 31 October 13
HANDY: ACTIVE; PANAMAX: QUIET; CAPESIZE: NO LIGHT
Handy
The handy market had an active week however not directly translated into the rates we´ve seen in the Pacific. We see more coal and baux ...
Wednesday, 30 October 13
INDONESIAN STATE OWNED COAL MINER HAS EXPORTED 7.02 MILLION TONS OF COAL IN 9 MONTHS
COALspot.com : PT. Bukit Asam, Indonesian state owned coal miner has sold 13.24 million tons of coal for the period January - September 2013. Accord ...
Wednesday, 30 October 13
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable-)
The Dry Bulk market has lost further ground this past week, as de-creased activity in both basins for both C ...
Wednesday, 30 October 13
CAPESIZE: DOWNWARD; SUPRAS AND HANDIES: STABLE - INTERMODAL
The Dry Bulk market has resumed its downward movement, noting another dip for a third week in a row. The larger size segments were responsible for p ...
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Showing 4036 to 4040 news of total 6871 |
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- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
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