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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Planning Commission, India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- Australian Coal Association
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
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