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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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Friday, 13 February 09
INDONESIA IS EXPECTED TO PRODUCE 225 MILLION TONES OF COAL IN 2009 - ENERGY MINISTRY
Indonesia, the world's top thermal coal exporter, will allocate 68.3 million tonnes of coal out of expected forecast production of 225 million ton ...
Friday, 06 February 09
INDONESIA'S COAL PORTS HAVE FORCED A RETHINK ON 'TRADITIONAL' HANDLING OPTIONS
Port Strategy reported that, Indonesia’s main coal-producing islands of Kalimantan, Sulawesi and Sumatra suffer from a scarcity of suitable la ...
Thursday, 22 January 09
MINISTER: MINING LAW PROHIBITS RAW MATERIAL EXPORT - ESDM
The Coal and Mining Law, approved during the House of Representatives plenary meeting on December 16, 2008 seeks to domestically increase mining com ...
Wednesday, 07 January 09
SOUTH KALIMANTAN COAL PRODUCTION EXPECTED TO INCREASE - ESDM
Coal production from the South Kalimantan region has the potential to increase in the next few years. Aside from the vast proven reserves of coal, s ...
Tuesday, 30 November 99
GLENCORE EXPECTS 2023 TRADING UNIT PROFITS OF UP TO $4 BLN - REUTERS
Glencore GLEN.L on Friday said it expects profits at its trading division this year of up to $4 billion, exceeding its long-term annual guidance.
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- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Australian Coal Association
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
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