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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, 21 December 20
COAL'S PARTIAL RECOVERY IS SET TO FADE AFTER 2021 - IEA
Global coal consumption is estimated to have fallen by 7%, or over 500 million tonnes, between 2018 in 2020. A decline of this size over a two-year ...
Monday, 21 December 20
A REBOUND IN GLOBAL COAL DEMAND IN 2021 IS SET TO BE SHORT-LIVED, BUT NO IMMEDIATE DECLINE IN SIGHT - IEA
After a major drop in recent years, global coal demand is forecast to rise by 2.6% in 2021 before flattening out to 2025
A global ec ...
Friday, 18 December 20
AUSTRALIA PM WARNS OF ‘LOSE-LOSE’ IN ANY CHINA COAL SHIFT - REUTERS
Australian Prime Minister Scott Morrison said any shift by China away from importing high quality Australian coal would be a “lose-lose&rdquo ...
Friday, 18 December 20
BIG OIL AND COAL EXPORTERS FACE RECKONING AS PARIS AGREEMENT TURNS FIVE - CNA
On Dec 12, more than 70 global leaders came together at the UN’s Climate Ambition Summit, marking the fifth anniversary of the Paris Agreemen ...
Friday, 18 December 20
SOUTH AFRICAN COAL EXPORTERS LARGELY DEPENDENT ON THE ASIAN MARKETS - BANCHERO COSTA
South Africa is the fourth largest exporter of coal in the world, after Australia, Indonesia and Russia. In calendar 2019 the country exported a to ...
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- CNBM International Corporation - China
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- Agrawal Coal Company - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
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- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
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- Renaissance Capital - South Africa
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- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
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- Maheswari Brothers Coal Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- The State Trading Corporation of India Ltd
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- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
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- CIMB Investment Bank - Malaysia
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- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Planning Commission, India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- Thiess Contractors Indonesia
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- Ind-Barath Power Infra Limited - India
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- Savvy Resources Ltd - HongKong
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- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
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- Power Finance Corporation Ltd., India
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- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
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- Indian Oil Corporation Limited
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