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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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Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
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- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
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