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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Friday, 09 March 18
THE WORLD CANNOT KEEP IGNORING THE ASIAN COAL STORY - BENJAMIN SPORTON
There were significant changes in the global energy system in 2017, including the growth in electric vehicles, the rise of renewables and the conti ...
Friday, 09 March 18
U.S. EXPORTED 97 MMST OF COAL IN 2017, A 61 PER CENT INCREASE FROM 2016 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.1 million short tons ...
Thursday, 08 March 18
BUMA SIGNED OVER US$ 500 MILLION WORTH OF NEW CONTRACT WITH PT TANAH BUMBU RESOURCES
PT Delta Dunia Makmur Tbk., announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into mining services ...
Thursday, 08 March 18
THE ENERGY CONTRIBUTION FROM COAL-BASED POWER PLANTS IS LIKELY TO INCREASE TO 1072 BU BY 2021-22 : PIB
Government of India has set an ambitious target of 175 GW from Renewable energy sources (RES) by 2022, which comprises of 100 GW Solar, 60GW from W ...
Thursday, 08 March 18
SUPRAMAX: THE MARKET IS STILL GOING STRONG IN THE PACIFIC - FEARNLEYS
Supramax
The market is still going strong in the Pacific, with Ultra fixing high US$ 13000+375000 bb for South Africa to ECI while nickel ore run ...
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- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
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