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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, 14 November 16
KOMIPO'S SEOCHEON POWER PLANT TO IMPORT 240,000 MT OF SEMI / ANTHRACITE COAL FOR Q1'17
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 240K mt of Semi-Anthracite and Anthracite Coal f ...
Monday, 14 November 16
DUNIA MAKMUR SUBSIDIARY BAGS MINING SERVICE CONTRACT WORTH $ 282.63 MILLION
PT Bukit Makmur Mandiri Utama (BUMA), has signed a life of mine contract with PT Tadjahan Antang Mineral (TAM) with a contract value of approximate ...
Monday, 14 November 16
THE CAPE INDEX ROSE 44.57 PER CENTS TO 2303 POINT WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose slightly and ending in a positive note this past wee ...
Friday, 11 November 16
INDONESIAN 4200 GAR COAL IS THE MOST ATTRACTIVE COAL IN TODAY'S MARKET - OPINION POLL
“ Which coal type of Indonesian origin do you find the most attractive in today's market?”
The on-line opinion poll conducted ...
Friday, 11 November 16
WEEKLY U.S. COAL OUTPUT FELL SLIGHTLY W/E NOVEMBER 5
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.9 million short ton ...
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- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- MS Steel International - UAE
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Minerals Council of Australia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
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