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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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Sunday, 20 November 11
THE FREIGHT MARKETS EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The market continued to move up with all sectors gaining except for handy size.
The BDI was up by 3.26 pct and closed at 1895 poin ...
Friday, 18 November 11
MMTC SEEKS 1.365 MMT OF IMPORTED COAL
COALspot.com - India's MMTC, the largest trading company of India and a major trading company of Asia, has issued a term supply tender for 1.365Mt ...
Friday, 18 November 11
KPC, ARUTMIN OUTPUT REACHED 47.1 MIO TONS - INSIDER STORIES
PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, reported 47.1 million tons of coal production in 9M 2011, according to Indiser Stories.
Insi ...
Friday, 18 November 11
THE ATLANTIC SUPRAMAX MARKET EXPERIENCED A STEADY AND FIRM TENDENCY
Handy
The Atlantic Supramax market experienced a steady and firm tendency this week. Especially the North Atlantic and Mediterranean position ...
Friday, 18 November 11
BERAU COAL 9M PROFIT SOARS 194.46% - INSIDER STORIES
Insider Stories reported that, PT Berau Coal Energy Tbk (BRAU), which is 84.7% owned by Bumi Plc, reported a 194.46% jump in net profit by end of Se ...
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- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Trasteel International SA, Italy
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