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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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Wednesday, 02 February 22
CHINA'S TOP COAL PRODUCER FORECASTS 28 PCT PROFIT GROWTH IN 2021 - XINHUA
China Shenhua Energy Company Limited, one of the country’s biggest coal producers, said its net profits are expected to jump by 28 percent in ...
Wednesday, 02 February 22
COAL STORAGE IN CHINA’S POWER PLANTS NEAR RECORD HIGHS - XINHUA
Coal inflows into China’s power plants have picked up, bringing their coal storage to near record highs, the National Development and Reform ...
Wednesday, 02 February 22
MARKET INSIGHT - INTERMODAL
Oil prices have rallied to the highest level since October 2014 breaking above $90/bbl recently. November 2014 was the point when OPEC unleashed pr ...
Monday, 31 January 22
HOW INDONESIA'S COAL EXPORT BAN COULD IMPACT INDIA - IEEFA
What does it mean for power generation and energy security?
Not long ago, India faced coal shortages due to a decline in domestic co ...
Sunday, 30 January 22
AIR PRODUCTS' COAL GASIFICATION PROPOSAL TRIGGERS LOOMING POLICY DISPUTES IN INDONESIA - IEEFA
Plan to substitute Indonesia’s LPG imports with dimethyl ether may be hard to realize due to conflicting business interests
In ...
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- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- PTC India Limited - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
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