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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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Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...
Saturday, 28 December 19
SUPRAMAX: A 63,000DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing ...
Saturday, 28 December 19
CHINESE INDUSTRIAL CITY TO FURTHER CUT COAL CONSUMPTION - XINHUA
Harbin, capital city of Heilongjiang Province in China’s northeastern industrial heartland, is planning to further reduce its coal consumptio ...
Friday, 27 December 19
MISERY LOOMS OVER TOP COAL SHIPPERS AS CHINA TO BUY LESS IN 2020 BLOOMBERG
China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.
The world ...
Thursday, 26 December 19
REVIEW OF 2019 AND OUTLOOK FOR 2020 - OPEC
Global economic growth slowed in 2019, impacted by a variety of challenges. Trade issues not only led to reduction in global final consumption but ...
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Showing 1221 to 1225 news of total 6871 |
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- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- London Commodity Brokers - England
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
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