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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, 16 January 17
WHY THE SOLUTION TO INDIA'S ENERGY CHALLENGE LIES IN COAL POWER PLANTS - BENJAMIN SPORTON
India’s huge development and energy challenges mean there are economic and development arguments for investing in new coal power plants for t ...
Friday, 13 January 17
U.S. COAL PRICES TO INCREASE IN 2017 AND IN 2018 - EIA
Coal Supply
EIA estimates that U.S. coal production declined by 158 million short tons (MMst) (18%) in 2016, to 739 MMst, which would be the lowe ...
Friday, 13 January 17
U.S. COAL IMPORTS IN THIRD QUARTER 2016 TOTALED 2.7 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 13.8 million short ton ...
Thursday, 12 January 17
ASIA: COAL'S FUTURE - BENJAMIN SPORTON
As economies develop and the United Nations’ Sustainable Development Goals (SDGs) are realised, demand for energy will increase as more peopl ...
Wednesday, 11 January 17
MARKET INSIGHT - GEORGE DERMATIS
A new year has dawned upon us and it sure promises to be an exciting one which makes it practically impossible to resist the challenge of making a ...
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- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
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