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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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Tuesday, 05 September 17
COAL: A STRONG MOVEMENT IN THE COAL MARKET OVER THE SUMMER MONTHS - GEORGE LAZARIDIS
We have been witnessing a strong movement in the coal market over the summer months something that has not only helped boost prices for the commodi ...
Friday, 01 September 17
U.S COAL OUTPUT DIPS WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.7 million short ton ...
Thursday, 31 August 17
SUPRAMAX: INDO TO CHINA COAL TRIPS AT AROUND $9000, DELIVERY THAILAND - FEARNLEYS
Supramax
A bit slow start to the week with UK holidays on Monday. Still strong rates for cargoes out of Black Sea, where front hauls where done $ ...
Tuesday, 29 August 17
WEEKLY SHIPPING MARKET ANALYSIS - ALLIED
In the aftermath of Hurricane Harvey, one of the worst disasters to hit Texas, we are now looking to get a clearer picture of the possible disrupti ...
Tuesday, 29 August 17
U.S WEEKLY COAL OUT UP 3.4% WEEK OVER WEEK TO APPROX. 17 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tonne ...
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Showing 1956 to 1960 news of total 6871 |
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- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
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