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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, 13 August 13
AUSTRALIA NEWCASTLE COAL EXPORTS JUMP 30.61 PERCENT ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 30.61 per cent week on week to 2.95 million mt for ...
Monday, 12 August 13
GBCE SUCCESSFUL IN UPGRADING LOW RANK INDONESIAN COAL ON INDUSTRIAL SCALE
COALspot.com : GB Clean Energy Ltd. (GBCE) has annoused that, the company has successfully upgraded 2,426 tonnes of low rank 4,018 kcal NAR Ind ...
Monday, 12 August 13
INDIA - SAFE SHIPMENT OF IRON ORE FINES FROM INDIAN PORTS - WEST OF ENGLAND P&I CLUB
As Members may be aware, in 2009 two ships, the ‘Asian Forest’ and the ‘Black Rose’, capsized and sank following the liquefa ...
Sunday, 11 August 13
INDONESIAN COAL SWAPS : FLAT ON DAY
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery flat on day due to holidays in Indonesia, Malaysia & ...
Sunday, 11 August 13
SUPRAMAX FREIGHT RATES FROM INDONESIA TO INDIA CONTINUED TO BE SOFT - VISTAAR
COALspot.com : The freight market was soft this week with all indices down , the reason could be long weekend holidays in Indonesia, Singapore and M ...
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- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- The University of Queensland
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Australian Coal Association
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
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