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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, 13 August 21
INDONESIA’S COAL EXPORTS TO JAPAN DECLINED BY -26.3% YOY TO 11.9 MLN TONNES IN THE FIRST 7 MONTHS OF 2021; STILL THE SECOND LARGEST SOURCE FOR JAPAN’S COAL IMPORTS IS INDONESIA - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. Total global loadings in the 12 months of 2020 were down -12.7% year-on-yea ...
Thursday, 12 August 21
ONLY 3 VLCCS SOLD FOR DEMOLITION IN 2021 AS SECONDHAND PRICES TEMPT - BIMCO
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current mar ...
Wednesday, 11 August 21
U.S: EIA EXPECTS COAL EXPORTS TO TOTAL 90 MMST IN 2021, 30% INCREASE FROM 2020
Coal production in EIA's forecast totals 607 million short tons (MMst) in 2021, an increase of 13% over 2020.
EIA is also ...
Wednesday, 11 August 21
MARKET INSIGHT - INTERMODAL
Energy is at the core of the global climate dialogue as the climate challenge is essentially an energy challenge. Policy experts around the world a ...
Tuesday, 10 August 21
34 INDONESIAN COAL COMPANIES TEMPORARILY BANNED FOR COAL EXPORTS
The Ministry of Energy and Mineral Resources (ESDM) has imposed sanctions in the form of a coal export ban for 34 coal companies as reported by CNB ...
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- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- MS Steel International - UAE
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
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- Therma Luzon, Inc, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
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- PowerSource Philippines DevCo
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
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- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
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- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
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- Thiess Contractors Indonesia
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- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
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