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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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Thursday, 23 January 20
AFRICAN POWER PLATFORM PUBLISHES REPORTS ON POWER SECTOR FRAMEWORK FOR SELECTED AFRICAN COUNTRIES
Press Release: African Power Platform publishes Reports on Power Sector Framework for selected African Countries
With the repo ...
Thursday, 23 January 20
COAL-BASED ELECTRICITY GENERATION SURGES 95% IN 2019 - PROFIT PAKISTAN TODAY
Coal-based power generation jumped 94.5 percent to 2,030 Gigawatt hours (GWh) in the year to November 2019, taking its share in the country’s ...
Wednesday, 22 January 20
INDIA: COAL PRODUCTION FROM CAPTIVE MINES RAISES 24% OUTPUT IN APRIL TO DECEMBER - FINANCIAL EXPRESS
Coal production from captive mines in the first nine months of the ongoing financial year was up 24% year-on-year (y-o-y) at 40.93 million tonne (M ...
Wednesday, 22 January 20
SHIPPING MARKET INSIGHT - INTERMODAL
It seems that we are finally seeing whitish smoke as far as the trade feud between the US and China is concerned, while following this much anticip ...
Tuesday, 21 January 20
IRON ORE - 5 THINGS TO WATCH IN 2020 - WOOD MACKENZIE
Wood Mackenzie identifies five trends that will impact the iron ore industry.
Slower demand growth (especially in China) and a decen ...
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- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- The University of Queensland
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
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