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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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Thursday, 03 November 16
THE INDEX BASED COAL SALES & PURCHASE STRATEGY MAKES MORE EFFICIENT, SAYS 55.17% END-USERS
Considering the current coal market condition, the Index based coal sales & purchase strategy make more efficient was deemed the winner by 57.0 ...
Thursday, 03 November 16
CAPESIZE: BRAZIL/CHINA RATES MOVED TO THE $11 PMT LEVEL; WEST AUSTRALIA/CHINA ROUTE MOVED UP CLOSE TO MID $5 PMT LEVEL - FEARNLEYS
Supramax
In the Atlantic we see a bit more activity than in the eastern hemisphere, says Fearnleys in its latest weekly report. Fhauls via Black ...
Wednesday, 02 November 16
SHIPPING MARKET INSIGHT
A week before the U.S. presidential election, everyone is eager to see the socio-political effects that the result of these elections will have. As ...
Wednesday, 02 November 16
SHIP OPERATING COSTS ARE EXPECTED TO RISE IN BOTH 2016 AND 2017 - MOORE STEPHENS
Vessel operating costs are expected to rise in both 2016 and 2017. Repairs and maintenance and spares are the cost categories which are likely to i ...
Tuesday, 01 November 16
PANAMAX : A FAIR AMOUNT OF SIDEWAYS SHIPPING IN RATES - ALLIED SHIPPING
Capesize
A very sluggish start to the week, with rates dropping considerably as all optimism seems to have evaporated over the weekend. According ...
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- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
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- New Zealand Coal & Carbon
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Economic Council, Georgia
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- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
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- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
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- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
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- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
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- Australian Coal Association
- Tata Chemicals Ltd - India
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- Kapuas Tunggal Persada - Indonesia
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- Ministry of Transport, Egypt
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- Bukit Baiduri Energy - Indonesia
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- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
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- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
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- Bulk Trading Sa - Switzerland
- White Energy Company Limited
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- Indian Oil Corporation Limited
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- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
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- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
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- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
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