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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, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
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- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Planning Commission, India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Thai Mozambique Logistica
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