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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, 25 March 20
CORONAVIRUS CRISIS IS CRUSHING GLOBAL GDP GROWTH - FITCH RATINGS
The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly “Global Economic Outlook” (GEO) ...
Wednesday, 25 March 20
MARKET INSIGHT - INTERMODAL
There is no doubt that the Covid-19 pandemic crisis is a world-shattering event that will change the world as we know it. Societies are facing chal ...
Wednesday, 25 March 20
INDONESIA TO CANCEL RULES REQUIRING DOMESTIC SHIPS FOR COAL, PALM EXPORTS : REFINITIV
Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinatin ...
Wednesday, 25 March 20
JAN-FEB 2020, INDONESIA SHIPPED 64.5 MLN TONNES OF COAL, UP +3.4% YOY - BANCHERO COSTA
In the 12 months of calendar 2019, Indonesia exported 386.4 mln tonnes of coal, according to vessel tracking data from Refinitiv. This represents a ...
Tuesday, 24 March 20
MARKET ANALYSIS - ALLIED
As countries around the world struggle to take back control of the ongoing COVID-19 pandemic the global economy shuts down bit by bit, leaving only ...
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- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Economic Council, Georgia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Australian Coal Association
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
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- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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