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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, 08 August 16
THE TURKISH GOVERNMENT HAS IMPOSED A $15 A TON DUTY ON POWER PLANT COAL IMPORTS - MEDIA
COALspot.com: The Turkish government has imposed a US$15 per ton duty on thermal coal imports for use in its power sector.
According to media ...
Monday, 08 August 16
THE BALTIC EXCHANGE, TRACKING RATES FOR SHIPS CARRYING DRY BULK COMMODITIES SLIDE SLIGHTLY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Panamax and Supramax segments ending in ...
Monday, 08 August 16
ARE EXPENSES INCURRED DURING NEGOTIATION OF A PIRATE RANSOM RECOVERABLE IN GENERAL AVERAGE? - CLYDE&CO
KNOWLEDGE TO ELEVATE
Facts
The laden chemical tanker LONGCHAMP was transiting the Gulf of Aden on passage to Vietnam. The ship was subject t ...
Saturday, 06 August 16
DRY BULK SHIPPING CHARTER RATES TO RISE ON UNEXPECTED DEMAND GROWTH - DREWRY
Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China impo ...
Friday, 05 August 16
WEEKLY U.S. COAL OUTPUT TOTALED AN ESTIMATED 16.1 MMST IN THE WEEK ENDED JULY 30 - EIA
COALspot.com – U.S., the world’s second largest coal producers has produced approximately totalled an estimated 16.1 million short tons ...
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- Ministry of Mines - Canada
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
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