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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
Sunday, 28 August 11
FREIGHT MARKET COULD BE FIRM NEXT MONTH - VISTAAR
COALspot.com - The freight market continued the upward trend first half of the week . However, towards the end of the week lost momentum and the BDI ...
Saturday, 27 August 11
JAPANESE BULK CARRIER SETS RECORD ON NORTHERN SEA ROUTE - BARENTS OBSERVER
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk next week ...
Saturday, 27 August 11
RBCT-INDIA ROUNDS FIXED AT AROUND US$ 12K - FEARNBULK
Handy
Stable but very positional markets across all segments in the Atlantic: the gap between owners and charterers rate ideas is building up as o ...
Friday, 26 August 11
TUAH TURANGGA AGUNG ACQUIRES AN ADDITIONAL 40% SHARES IN BARA PRIMA AGUNG
COALspot.com - PT Tuah Turangga Agung, a subsidiary of PT United Tractors Tbk, has signed an acquisition agreement to acquire 40% of PT Bara Prima A ...
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- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
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