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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, 21 September 15
KOMIPO OF KOREA INVITES BIDS FOR BITUMINOUS COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 390,000 Metric Tons (MT) of minimum 4,600 kcal ...
Sunday, 20 September 15
BALTIC CAPE INDEX ROSE 66.52 PER CENT AND STAND NOW AT 1995 POINTS
COALspot.com: The BDI (Baltic Dry Index) rose 17.35 per cent week over week to 960 points on Friday mainly driven by the Capesize segment. The Cape ...
Friday, 18 September 15
SHIPPING AND THE FED RATE DECISION: FINANCING COSTS COULD RISE EVEN HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Regardless of the FED’s decision to raise rates, shipping stands to be influenced by the decision. Shipbroker Allied Shipbroking noted this w ...
Friday, 18 September 15
U.S. COAL PRODUCTION DECLINED 6.7 PER CENT W-W: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.4 million shor ...
Thursday, 17 September 15
COALSPOT HAS LAUNCHED NEW THERMAL COAL INDICES FOR INDONESIAN COAL
COALspot.com has today launched real-time CS (i) Coal Indices.
The Indices represents 3800 kcal/kg GAR, 4200 kcal/kg GAR, 5000 kcal/kg GAR a ...
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- Eastern Energy - Thailand
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Australian Coal Association
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- The University of Queensland
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- ASAPP Information Group - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
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