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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, 21 June 17
MARKET INSIGHT - SHIPPING
Looking back at March and April shipping reports when the dry bulk indexes were starting to move up, a number of shipping analysts were stating tha ...
Tuesday, 20 June 17
WORLD ECONOMY SHOWS A MORE OPTIMISTIC TREND
During the past weeks, we have seen many organizations and think tanks show a more optimistic face with regards to the world economy. The World Ban ...
Monday, 19 June 17
PANAMAX RATES HELP BALTIC INDEX TO A POSITIVE MOVE
COALspot.com: The Freight market rose very marginally this past week compared to the previous week, as BDI and Panamax indexes show a positive tren ...
Friday, 16 June 17
WEEKLY U.S. COAL PRODUCTION RISES; UP 24.1% Y/Y
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tonn ...
Thursday, 15 June 17
SUPRAMAX NICKEL ORE FROM PHILIPPINES TO S. CHINA PAYING AROUND MID $10000 - FEARNLEYS
Supramax
Market looked more promising from both sides of the basins. Within Atlantic USG returned with tick better rates seen as tonnage kept tig ...
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Showing 2021 to 2025 news of total 6871 |
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- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
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- Thiess Contractors Indonesia
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- Holcim Trading Pte Ltd - Singapore
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- Agrawal Coal Company - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- ICICI Bank Limited - India
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- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- VISA Power Limited - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
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- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
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- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
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- Interocean Group of Companies - India
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