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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, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.
The index, released by China ...
Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...
Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...
Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...
Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...
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- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Planning Commission, India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
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