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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, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
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- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
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