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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Tuesday, 02 June 09
GOVT FINALIZING DMO MECHANISM, REFERENCE PRICE FOR COAL - THE JAKARTA POST
Indonesia, the world's largest thermal coal exporter, is finalizing regulations on a reference price on coal, on a domestic market obligation (DMO) ...
Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic p ...
Tuesday, 02 June 09
INDONESIA'S COAL EXPORTS REACH US$ 3.44 BILLION SO FAR THIS YEAR - TRADINGCHARTS
Indonesia`s coal exports in the January-April 2009 period increased by 21.31 per cent to US$3.44 billion compared to US$2.83 billion in the same per ...
Tuesday, 02 June 09
INDONESIA'S BUKIT ASAM AGREES HIGHER COAL PRICES - REUTERS
Indonesian state coal miner PT Bukit Asam Tbk said it has agreed coal prices for two power plants owned by state electricity firm PT Perusahaan List ...
Tuesday, 02 June 09
ADARO MAY RAISE COAL SALES TO CHINA, INDIA PLANTS - THE JAKARTA GLOBE
PT Adaro Energy, the country’s second-largest coal producer, may increase sales of power-plant coal to China and India on signs of a global ec ...
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- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Australian Coal Association
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Planning Commission, India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- White Energy Company Limited
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
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