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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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Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
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Showing 11 to 15 news of total 6846 |
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- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
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