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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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Saturday, 11 January 20
BALTIC BRIEFING TANKER REPORT - WEEK 2
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Saturday, 11 January 20
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Closing out the first full trading week of 2020, the Capesize market is struggling to gain any solid positive upward traction. Opening ...
Friday, 10 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remains flat
China’s benchmark power coal price remained flat during the past week.
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Thursday, 09 January 20
NEW IMO LIFEBOAT REQUIREMENTS ENTER INTO FORCE - STANDARD CLUB
KNOWLEDGE TO ELEVATE
Three new compulsory IMO resolutions entered into force on 1 January 2020. These resolutions deal with the maintenance, t ...
Thursday, 09 January 20
INDIA'S NEW EASED MINING RULES TO ENHANCE FOREIGN PARTICIPATION IN COAL SECTOR: MINISTER
India’s cabinet has eased mining laws in a bid to attract foreign players to the domestic coal sector and reduce imports of the fuel, coal mi ...
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- Posco Energy - South Korea
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- PTC India Limited - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
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