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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, 27 August 21
THE ECONOMICS OF INDONESIA’S DIESEL POWER PLANT TO GAS CONVERSION PLAN ARE PROBLEMATIC - IEEFA
Deploying new small-scale LNG is an uphill battle for PGN
Indonesian gas is currently in a precarious position, where the government needs to ...
Thursday, 26 August 21
INDIA IMPORTED 17.06 MLN TONNES OF LPG IN 2020; UP 11.5% Y-O-Y
Global LPG trade remained fairly positive in 2020, despite the global economic impact from COVID-19, and surged strongly in the first half of 2021. ...
Thursday, 26 August 21
MARKET INSIGHT - INTERMODAL
24th of August 2021, the Baltic Dry Index reached 4,201, a YTD high and the highest since May 2010.
Cape 5TC daily average @ 51,472
...
Tuesday, 24 August 21
COAL PRICE RALLY TO PRESSURE CHINESE POWER GENCOS’ MARGINS FITCH RATINGS
Fitch Ratings expects the pressure on Chinese power generation companies’ (gencos) profit from the recent coal price surge to weaken their cr ...
Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says i ...
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- Wood Mackenzie - Singapore
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- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
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- Bukit Asam (Persero) Tbk - Indonesia
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- Economic Council, Georgia
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- Mjunction Services Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
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- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Indian Oil Corporation Limited
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- Indogreen Group - Indonesia
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- Gujarat Electricity Regulatory Commission - India
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- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Parliament of New Zealand
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- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
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- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
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- Bayan Resources Tbk. - Indonesia
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- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
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- Bhatia International Limited - India
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- ICICI Bank Limited - India
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- Simpson Spence & Young - Indonesia
- Planning Commission, India
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- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
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- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
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- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
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- Independent Power Producers Association of India
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- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
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- Aditya Birla Group - India
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- Baramulti Group, Indonesia
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- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
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