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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, 02 June 17
U.S THE PAST WEEK'S COAL PRODUCTION ESTIMATE UP 4.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...
Wednesday, 31 May 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
In the next episode of the oil market; The market reacts to OPEC’s production cut extension, the US shale oil producers are ruining the carte ...
Tuesday, 30 May 17
MARKET ANALYSIS - GEORGE LAZARIDIS
Despite the fair performance that has been noted in the Chinese economy over the past 5 months, we have started to see an increase in the skepticis ...
Friday, 26 May 17
MOST COAL PLANTS IN THE UNITED STATES WERE BUILT BEFORE 1990 - EIA
Coal-fired electricity generators accounted for 25% of operating electricity generating capacity in the United States and generated about 30% of U. ...
Friday, 26 May 17
U.S WEEKLY COAL OUTPUT ESTIMATE UP 6.3% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.3 million short ton ...
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- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Parliament of New Zealand
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