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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, 29 September 16
FREIGHT RATES MIGHT CONTINUE TO SLIDE NEXT WEEK DUE TO HOLIDAYS IN CHINA
Supramax
Flat start to week followed by a slight gain in rates for Supramaxes, says Fearnleys in its latest weekly report.
According to Fear ...
Wednesday, 28 September 16
WITHOUT A DOUBT FREIGHT RATES HAVE MOVED UP A BIT TO HEALTHIER LEVELS - INTERMODAL
As we are approaching Q4, it is interesting to perform a review of the last nine months with respect to the second-hand prices of Supramax and Pana ...
Tuesday, 27 September 16
THE CAPESIZE RATE OF INCREASE HAS BEEN IMPRESSIVE, UP 39% W/W AND 123% MONTH TO DATE - ALLIED
The Dry bulk market has seen a rare shine in its performance as the capesize sector manages to rally at an unprecedented rate compared to its perfo ...
Monday, 26 September 16
COAL PRICES HAVE BEEN MOVING STEADILY HIGHER AFTER YEARS OF DECLINE
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Monday, 26 September 16
THE FREIGHT MARKET WAS FIRM; ALL SEGMENTS WERE UP THIS PAST WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week. The BD ...
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- Central Electricity Authority - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
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