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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, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...
Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...
Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...
Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012. thi ...
Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...
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- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
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