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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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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Parliament of New Zealand
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
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