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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, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
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- Economic Council, Georgia
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Planning Commission, India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- White Energy Company Limited
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
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