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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, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
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Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
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- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- The University of Queensland
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Planning Commission, India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Australian Coal Association
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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