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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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Monday, 25 October 21
A QUESTION OF POSSESSION - THE BALTIC EXCHANGE
Possession and tangibility are closely related concepts long established under English law. Yet a change to these concepts is around the corner. Th ...
Monday, 25 October 21
CHINA VOWS TO SEVERELY PUNISH MARKET VIOLATIONS AMID LOW COAL FUTURES PRICES - GLOBAL TIMES
Domestic coal futures had plunged for three consecutive trading days after the government vowed to crack down on soaring prices, and China’s ...
Monday, 25 October 21
FARMERS MAY JOIN THE COAL COMMODITY MARKET TO REDUCE RISKS - GLOBAL TIMES
A recent trip to by the Global Times to East China’s Shandong Province to get a glimpse of China’s coal supply chain revealed a surpris ...
Monday, 25 October 21
CHINA COAL PRICES MARK WORST WEEK SINCE MAY ON GOVERNMENT INTERVENTION - REUTERS
China’s thermal coal futures plunged on Friday and turned in their worst week in five months, following Beijing’s strongest interventio ...
Friday, 22 October 21
THE BIG PICTURE: ENERGY MARKETS - BREAK WAVE ADVISORS
The shipping markets have been pulled further into wild markets of coal and other energy sources. Given how nebulous this sector is, it’s alw ...
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- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- The University of Queensland
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Planning Commission, India
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
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