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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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Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
Monday, 20 June 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2011 IS ON THE WAY
Press Release - Since the beginning of 2011, international commodity price has been in a high level, resulting in “TENSION” of energy co ...
Sunday, 19 June 11
S6 AND S7 ROUTES LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points ...
Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT
PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net pro ...
Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, t ...
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- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
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