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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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Friday, 22 November 19
FORTY PERCENT OF ADARO'S COAL SALES VOLUME IN 9M19 GOES TO THE SOUTHEAST ASIA REGION
PT Adaro Energy Tbk released its consolidated financial statements yesterday, for the nine month period, ending September 30, 2019.
...
Friday, 22 November 19
UNCERTAINTY IN THERMAL COAL MARKET PERSISTED IN 3Q19 - ADARO
Uncertainty in thermal coal market persisted in 3Q19, mainly due to the actions, or inactions, of China in setting policies for global coal market. ...
Friday, 22 November 19
CIL TO DEVELOP 55 NEW COAL MINES IN NEXT 5 YEARS: COAL MINISTER
State-owned CIL will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed. The company is also un ...
Thursday, 21 November 19
4TH DEEP OFFSHORE WEST AFRICA CONGRESS 2020
4th Deep Offshore West Africa Congress 2020
17 Janaury 2020
Accra, Ghana
Press Release: Following the great succ ...
Thursday, 21 November 19
INDONESIA PLANS TO KEEP $70/T COAL PRICE CAP FOR PLN, DMO - REUTERS
Indonesia’s energy minister Arifin Tasrif said his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT ...
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- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Planning Commission, India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
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