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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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Thursday, 17 September 15
LOW DEMAND PUSH COAL SWAP DOWN
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and gain week over week.
The 4Q swap declined $ 1.77 (-4.17%) ...
Thursday, 17 September 15
MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
Having experienced, as it was much anticipated, a poor 1st half combined with negative forecasts, summer, in sharp contrast, proved to be more hope ...
Wednesday, 16 September 15
SLOWER GROWTH IN WORLD COAL DEMAND AND LOWER INTERNATIONAL COAL PRICES LED A DECLINE IN INDONESIAN COAL PRODUCTION
COALspot.com: Slower growth in world coal demand particularly China and lower international coal prices have led to a decline in Indonesian coal pr ...
Wednesday, 16 September 15
HIGHER TAXES COULD LEAD GREEK SHIP OWNERS OUT OF THE COUNTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
A potential taxation overhaul of the shipping industry in Hellas, which could see the loss of particular tax benefits for ship owners, could lead t ...
Tuesday, 15 September 15
WORLD SEABORNE TRADE: ENTERING INTO A ROLE REVERSAL? - CLARKSONS
Over the past decade, world seaborne trade growth has been dominated by dry bulk and container trade. However, developments in the global economy t ...
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- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
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