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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, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
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- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- The University of Queensland
- Parry Sugars Refinery, India
- Planning Commission, India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
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