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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Thursday, 07 July 22
COAL INDIA'S PRODUCTION SETS RECORD INCREASE OF 29% YOY AT 36 MT IN Q1FY23 - IIFL SECURITIES
Coal India Limited (CIL) has ended April-June quarter FY’23 capping a historic high of 29% yoy output growth, compared to same quarter FY&rsq ...
Wednesday, 06 July 22
MARKET INSIGHT - INTERMODAL
Following the 3rd Decarbonizing Shipping Forum, held in Hamburg on June 2022, there has been a meaningful resurgence of discussions within the ship ...
Tuesday, 05 July 22
WHY ARE VLSFO PRICES SO HIGH, ESPECIALLY IN SINGAPORE? - STEVE CHRISTY, INTEGR8 FUELS
Tightness in products still trumps talks of recession
Last month we wrote about the fears of recession versus the tightness in product markets ...
Tuesday, 05 July 22
ADANI ENTERPRISES LOWEST BIDDER IN COAL INDIA'S IMPORT TENDER: REPORT - BUSINESS STANDARD
Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report ...
Tuesday, 05 July 22
CHINA POLICY KEY FOR IRON ORE OUTLOOK - ING
China’s covid lockdowns and recessionary risks hit iron ore
Iron ore prices have fallen significantly from their year-to-date high of US$ ...
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- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Minerals Council of Australia
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Planning Commission, India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
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