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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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Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...
Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...
Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...
Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...
Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...
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- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Economic Council, Georgia
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- PTC India Limited - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- White Energy Company Limited
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
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