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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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- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- The University of Queensland
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
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