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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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Tuesday, 17 May 16
INDONESIAN COAL PRICE REFERENCE DECLINE AGAIN
COALspot.com: The Indonesia Coal Benchmark Price declined in May 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of ...
Tuesday, 17 May 16
CHINA THERMAL-POWER OVERSUPPLY TO WORSEN - FITCH
COALspot.com: The overcapacity in thermal-power generation in China is likely to worsen in 2016 to 2017, Fitch Ratings says in a new report.
F ...
Tuesday, 17 May 16
ON YOUR MARKS: TRACKING CHINESE TRADE - CLARKSONS
One of the major drivers behind the challenges currently facing many of the shipping markets has been slower demand growth. World seaborne trade gr ...
Monday, 16 May 16
INDONESIAN WEEKLY COAL INDICES AT POSITIVE LEVELS - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.31 percent week over week to averaging $38.94 per ton this past week, shows CS ...
Monday, 16 May 16
OPEC SEES RIVAL OIL PRODUCTION DECLINING
Crude Oil Price Movements
The OPEC Reference Basket averaged $37.86/b in April, a gain of $3.21 or 9.3%. This was 40% higher than the lows reache ...
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- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
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- New Zealand Coal & Carbon
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- London Commodity Brokers - England
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- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Marubeni Corporation - India
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- Indian Oil Corporation Limited
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- Minerals Council of Australia
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- TNB Fuel Sdn Bhd - Malaysia
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- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
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- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
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- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
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- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
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- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
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- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Planning Commission, India
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- Energy Link Ltd, New Zealand
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- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
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- Orica Mining Services - Indonesia
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- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
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- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
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- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
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- Deloitte Consulting - India
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- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
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- GVK Power & Infra Limited - India
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- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
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- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
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- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
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