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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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Wednesday, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
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- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
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