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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, 25 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FOURTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million short ton ...
Wednesday, 20 September 17
SHIPPING MARKET INSIGHT - INTERMODAL
An undoubtedly interesting market lately is the newbuilding market, in which we are witnessing numerous orders across all sectors and sizes. At the ...
Monday, 18 September 17
COAL PRICES WERE RELATIVELY UNCHANGED WEEK OVER WEEK - ANZ
COALspot.com: Coal prices were relatively unchanged, with most interest remaining in the thermal coal market said Daniel Hynes. However, falling st ...
Monday, 18 September 17
PROSPECTS ARE NOT SO CLEAR CUT FOR COAL - CLARKSONS
Prospects are not so clear-cut for coal. According to Clarksons, coal has been a key energy source since the Industrial Revolution and in 2016, ste ...
Friday, 15 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE THIRD WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
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Showing 1936 to 1940 news of total 6871 |
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- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
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