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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize
This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
Wednesday, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
Modern warfare - Trade wars & sanctions
As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...
Monday, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
Cape
The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week& ...
Thursday, 09 May 19
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
Deep Offshore Southeast Asia Congress 2019
Event Date:2-3th July. 2019t
Location: Jakarta, Indonesia
Sarawak Shell Berhad (S ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
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