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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, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- GMR Energy Limited - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
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- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
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- Simpson Spence & Young - Indonesia
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- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
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- Kumho Petrochemical, South Korea
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- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
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- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
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- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Economic Council, Georgia
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- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
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- London Commodity Brokers - England
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- Tamil Nadu electricity Board
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- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
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