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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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Friday, 29 April 16
U.S. COAL IMPORTS IN Q4' 15 DECLINED TO 2.7 MMST FROM 3 MMST IN Q3' 15
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.3 million short tons (mm ...
Thursday, 28 April 16
PRICES OF POWER-STATION COAL IN INDONESIA IS INCREASING
COALspot.com: Inquiries for Indonesian 4200 - 4400 Kcal/kg GAR thermal coal cargoes from India suddenly increase recent days.
A Jakarta-based ...
Thursday, 28 April 16
KOMIPO TO IMPORT 710K MT OF BITUMINOUS COAL DURING JULY - SEPTEMBER 2016
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 710,000 Metric Tons of Bituminous Coal for its B ...
Thursday, 28 April 16
CAPE: BIT MORE OPTIMISM IN THE MARKET; SUPRAMAX: FORWARD CURVE IS FALLING - FEARNLEYS
Cape
A bit of a slower week. Activity level has dropped, though the rates do still remain firm, says Fearnleys in its latest weekly report.
...
Wednesday, 27 April 16
THE OCEAN SHIPPING EXPERIENCED DRAMATIC VOLATILITY IN THE BEGINNING OF 2016 - PANOS TSILINGIRIS
Shipping’s new (ab)normal
The global economy and ocean shipping experienced dramatic volatility in the beginning of 2016 and as the glob ...
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- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
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