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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, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the p ...
Wednesday, 30 June 21
MARKET INSIGHT - INTERMODAL
The strong freight performance since the beginning of year has continued for the dry bulk market with earnings being at the highest level in over a ...
Monday, 28 June 21
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA THREATENS TO REVOKE 2,350 MINING BUSINESS PERMITS
The Ministry of Energy and Mineral Resources said that the revocation of mining business permits was in accordance with President Jokowi's inst ...
Sunday, 27 June 21
INDONESIA'S STATE-OWNED UTILITY PLN'S 2060 NET ZERO AMBITION NOT WITHOUT FLAWS AND GAPS - IEEFA
Indonesia on the right emissions reduction pathway but same old coal stories persist
Recent announcements by Indonesia’s state-owned uti ...
Saturday, 26 June 21
COAL PRICES HIT DECADE HIGH DESPITE EFFORTS TO WEAN THE WORLD OFF CARBON - WSJ
Rebounding electricity usage and scanty rainfall in China have added fuel to the rally
Coal prices have climbed to their highest lev ...
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- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Australian Coal Association
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
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