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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, 23 January 17
THE FREIGHT MARKET DID NOT CHANGE MUCH AND WAS ALMOST AT SAME LEVELS AS LAST WEEK
COALspot.com: The Freight market did not change much and was almost at same levels as last week.
The Baltic Exchange, tracking rates for ships ...
Friday, 20 January 17
U.S. WEEKLY COAL OUTPUT ESTIMATED 15.7 MMST; UP 14.1% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Thursday, 19 January 17
KOREAN POWER UTILITY BORYEONG POWER TO IMPORT 660K TONS OF BITUMINOUS COAL FOR MARCH 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 590,000 Metric Tons of Bituminous coal and 7000 ...
Thursday, 19 January 17
PANAMAX RATES ARE UNDER PRESSURE IN BOTH HEMISPHERES - FEARNLEYS
Supramax
The market remained flat and the week continued at the same pace as last.
According to Fearnleys weekly dry bulk report, still more ...
Wednesday, 18 January 17
TANKER: THE CLEAN PRODUCT MARKET IS STILL NOT GIVING US ANY CLEAR SIGNS OF RECOVERY - GEORGE VASTARDIS
While we are approaching the Chinese New Year, the Clean Product market is still not giving us any clear signs of recovery, especially on The East ...
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- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
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