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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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Wednesday, 12 August 20
THE COAL MARKET IN ITALY - ASSOCARBONI
Italy, which in 2019 reported a decrease in thermal coal imports, with a volume of 7,5 million tons (-32% compared to 11 million tons in 2018), whi ...
Wednesday, 12 August 20
U.S. COAL PRODUCTION IN 2020 WILL DECREASE BY 29% FROM 2019 LEVELS TO 502 MMST - EIA
U.S. coal consumption, which dropped to its lowest point since April, totaled 95 MMst in the second quarter of 2020.
EIA expec ...
Tuesday, 11 August 20
BHP COAL ASSETS WORTH A BILLION LESS THAN JUST TWO YEARS AGO - IEEFA
Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting & ...
Monday, 10 August 20
COAL IMPORT DROPS 43% IN JULY OWING TO HIGH STOCKPILE AT PITHEADS, PLANTS - PTI
“The market participants seem to have adopted a wait and watch approach and are currently looking for a direction. We do not expect to see an ...
Saturday, 08 August 20
GLOBAL COAL POWER PUZZLE - BALTIC EXCHANGE
Global Energy Monitor’s latest Global Coal Plant Tracker has put another nail in the coffin for the coal-carrying fleet with its finding that ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- White Energy Company Limited
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
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