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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Wednesday, 13 July 22
MARKET INSIGHT - INTERMODAL
Taking the previous market insight a step further, market sentiment remains bullish regarding the overall ROI of scrubbers, facing tailwinds from a ...
Friday, 08 July 22
AUSTRALIAN COAL PRICE BREAKS AGAIN LEVEL US$ 400/TON!, UP AROUND 4% - CNBC INDONESIA
Coal prices shot up again and crossed the level of US$ 400 per ton. On Thursday (7/7/2022) trading, the selling price of August contract closed at ...
Friday, 08 July 22
INDONESIA MULLS MORE FREQUENT SETTING OF CRUDE PALM OIL REFERENCE PRICE - REUTERS
Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior trade ministry offici ...
Friday, 08 July 22
BUNKER PRICES EXPECTED TO RECOVER LOST GROUND NEXT WEEK - SERGEY IVANOV, MABUX
Over the Week 27, the world bunker indices showed a sharp decline, primarily due to the fall in oil prices on July 05. The 380 HSFO index fell by 5 ...
Thursday, 07 July 22
NTPC MINES 61% MORE COAL AT 4.22 MN METRIC TONNES IN APRIL-JUNE: PTI
State-owned power giant NTPC on Tuesday said that its coal output grew by 61 per cent to Rs 42.40 lakh metric tonnes in April-June quarter from 26. ...
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- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- PTC India Limited - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
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- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
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- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
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- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
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