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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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- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
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- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
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- Tata Chemicals Ltd - India
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- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
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- The State Trading Corporation of India Ltd
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- Ministry of Mines - Canada
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- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Australian Coal Association
- White Energy Company Limited
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
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- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Tamil Nadu electricity Board
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- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
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- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
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- IHS Mccloskey Coal Group - USA
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- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
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- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
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- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
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- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
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- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
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- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
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- Siam City Cement - Thailand
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- Indian Oil Corporation Limited
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- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
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- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- European Bulk Services B.V. - Netherlands
- Planning Commission, India
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