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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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Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
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- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Tamil Nadu electricity Board
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- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
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- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- White Energy Company Limited
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
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