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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, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Planning Commission, India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
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