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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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Friday, 15 October 21
GLOBAL STEEL DEMAND GROWTH DOWNGRADED FOR 2021 DUE TO CHINA - WORLD STEEL ASSOCIATION
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...
Thursday, 14 October 21
SPIKING COAL PRICES: DON’T BLAME THE ENERGY TRANSITION - IEEFA
Volatility highlights urgency for renewables-based energy solutions
“Energy crisis.” The phrase evokes nearly-forgotten ...
Thursday, 14 October 21
EIA FORECASTS U.S. COAL PRODUCTION TOTALS 588 MMST IN 2021, UP 53 MMST YOY
U.S. coal production in EIA's forecasts totals 588 million short tons (MMst) in 2021, 53 MMst more than in 2020.
According ...
Wednesday, 13 October 21
COAL PRICES ARE ROARING BACK AMID A GLOBAL ENERGY CRUNCH - SYDNEY MORNING HERALD
Soaring coal prices have placed Australia’s mining and energy exports on track to reach a record $349 billion this year evenas the value of t ...
Wednesday, 13 October 21
CHINA ISN'T THE ONLY HUGE ASIAN ECONOMY WITH A COAL SHORTAGE NOW - CNBC
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.
Mos ...
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- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
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