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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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Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
...
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- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Parliament of New Zealand
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Australian Coal Association
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
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