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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, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
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Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
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