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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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Monday, 05 October 15
Q1 & Q2 2016 DELIVERY SWAPS DECLINED M-M AND W-W THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $0.36 per ton (0.85%) month over month to US$ 42.12 per ton. The ...
Monday, 05 October 15
Q1' 16 CFR SOUTH CHINA COAL SWAP CLOSED US$ 48.05 PER TON
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery down US$ 0.47 (0.96 %) per ton month over month.
A commodity swap is ...
Monday, 05 October 15
SMALL DECLINE IN 2014 SHIP OPERATING COSTS - MOORE STEPHENS
Total annual operating costs in the shipping industry fell by an average of 0.8% in 2014. This compares with the 0.3% average fall in costs recorde ...
Sunday, 04 October 15
THE INDO-INDIA FREIGHT MARKET REMAINS UNDER PRESSURE
COALspot.com: The BDI closed on Friday (2 Oct 2015) at 889 points, down by 54 points compared to previous Friday's closing ( 24 Sept 2015) of 9 ...
Friday, 02 October 15
COAL PRODUCTION IN THE UNITED STATES DECREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.5 million shor ...
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- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
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- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
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- GAC Shipping (India) Pvt Ltd
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- CIMB Investment Bank - Malaysia
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- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- The University of Queensland
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
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- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Trasteel International SA, Italy
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
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