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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, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
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- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- The University of Queensland
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
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