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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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Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
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- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
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