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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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Wednesday, 29 November 17
THERMAL COAL MARKETS WERE A LITTLE BIT MORE SUBDUED - DANIEL HYNES, ANZ
Coal prices were stronger, led by gains in coking coal. Premium hard coking coal jumped above USD200/t for the first time in two months, said Danie ...
Wednesday, 29 November 17
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
In line with most expectations for the end of this month, during the past days the Dry Bulk market realized a significant rebound that sent the BDI ...
Tuesday, 28 November 17
THE DRY BULK MARKET HAS SHOWN A REMARKABLE RECOVERY THIS YEAR - GEORGE LAZARIDIS
The Dry Bulk market has shown a remarkable recovery this year with the average earnings having increased by around 63% this year so far compared to ...
Friday, 24 November 17
U.S. PRODUCED 14.9 MMST FOR THE WEEK ENDING NOV 18; UP 0.9% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...
Thursday, 23 November 17
PANAMAX: ANOTHER SLOW AND UNEVENTFUL WEEK; DECREASING FREIGHT RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax
A quiet start to the week. USG closed last week a bit tighter, and continued into the new week on a positive tone with little concluded, ...
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Showing 1866 to 1870 news of total 6871 |
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- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
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