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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, 05 October 11
WITH CHINA ON HOLIDAY, DRY BULK MARKET REMAINS STAGNANT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has remained to healthy levels after last month’s rally, but with China going on holiday this week, things are looking sta ...
Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
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- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
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