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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, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Parliament of New Zealand
- Star Paper Mills Limited - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
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