We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
|
|
|
Showing 5961 to 5965 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- London Commodity Brokers - England
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
|
| |
| |
|
