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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, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...
Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...
Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct). The cape index had the biggest fall ...
Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...
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- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- PTC India Limited - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
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