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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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Thursday, 12 March 09
ANALYSIS-FIRST NEW JAPAN COAL DEAL MAY NOT SET BENCHMARK - FOREXPROS.COM
* Informal coal-deal practice may come to an end this year
* Buyers expected to ask for a discount
* Biggest losers may be Chinese coal suppli ...
Thursday, 12 March 09
DEPARTMENT RECEIVES REPORT FROM GEOLOGICAL BODY AND NEDO - ESDM
The Geological Body of the Department of Energy and Mineral Resources have presented their Joint Study on Evaluation of Coal Resources and Reserves ...
Wednesday, 11 March 09
TENAGA SHARES CLIMB AS LOWER COAL PRICES CUT COSTS - BLOOMBERG
Bloomberg reported that, Tenaga Nasional Bhd., Malaysia’s state-controlled utility, climbed the most in a month in Kuala Lumpur trading as coal ...
Wednesday, 11 March 09
POSCO WINS 63% CUT IN PULVERIZED COAL PRICES, MACQUARIE SAYS - BLOOMBERG
Bloomberg reported that, Posco, Asia’s third-biggest steelmaker, has settled the first pulverized coal contracts for 2009 at $90 a metric ton ...
Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM
Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need ...
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- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- White Energy Company Limited
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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