We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
|
|
|
Showing 41 to 45 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Planning Commission, India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
|
| |
| |
|
