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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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Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
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- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- The University of Queensland
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Bhatia International Limited - India
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