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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, 01 March 16
CAN BULKCARRIER SUPPLY CUTS RESTORE SOME BALANCE? - CLARKSONS
The easing in bulkcarrier deliveries and the accelerated pace of demolition in recent years has seen bulkcarrier fleet growth slow from a rapid 17% ...
Monday, 29 February 16
BALTIC INDEX INCHES UP THIS PAST WEEK AS SMALLER VESSELS LEND SUPPORT
COALspot.com: The freight markets rose slightly this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global ...
Monday, 29 February 16
LOSS OF EARNINGS IN THE WAKE OF A COLLISION - GARD
KNOWLEDGE TO ELEVATE
A shipowner’s loss of earnings can form a significant part of a collision claim. Awareness of the ways of calculati ...
Friday, 26 February 16
U.S WEEKLY COAL PRODUCTION UP SLIGHTLY
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.4 million shor ...
Thursday, 25 February 16
DRY BULKERS ARE SCRAPPED AT RECORD PACE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The newbuilding market is at a lull these days, as ship owners are focusing on two fronts, getting rid of excess dry bulk tonnage and snapping up b ...
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- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- White Energy Company Limited
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