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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
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- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Economic Council, Georgia
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
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- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
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- Bangladesh Power Developement Board
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
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- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
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- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- The University of Queensland
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
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- Kepco SPC Power Corporation, Philippines
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- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
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- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Minerals Council of Australia
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- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
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