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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Thursday, 30 April 15
IRON ORE EXPORTS: A DANGEROUS RACE? - CLARKSONS
The surge in iron ore exports in recent years has resulted in a significant decrease in iron ore spot prices, which dipped to a ten year low of bel ...
Thursday, 30 April 15
IRON ORE PLAYS EXPECTED TO SHAPE UP MAY DRY BULK SCHEDULE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Market plays in the iron ore commodities’ markets, are expected to carve out the future demand for the shipping industry as well, said Allied ...
Wednesday, 29 April 15
MARKET INSIGHT - INTERMODAL
The figures of China’s slowing down imports of coking coal for the first quarter of the year are coming to confirm what everybody was expecti ...
Wednesday, 29 April 15
SHIPBUILDERS START OFFERING DISCOUNTS FOR DRY BULK NEWBUILDINGS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It took a while, but now it appears that some shipbuilders are beginning to adjust their price lists to the new grim reality of the dry bulk market ...
Tuesday, 28 April 15
FOB INDONESIA COAL SWAP DECLINED M-O-M; INCREASED W-O-W
COALspot.com: Indonesian coal swap for delivery Q2 2015 gained week over week but declined month on month.
The Q2 swap was declined US$ 0.15 ( ...
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- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
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- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
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- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Goldman Sachs - Singapore
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- Economic Council, Georgia
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- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Planning Commission, India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Australian Coal Association
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- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
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- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
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- Parry Sugars Refinery, India
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- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
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- Bhatia International Limited - India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
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- Manunggal Multi Energi - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
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- Posco Energy - South Korea
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- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
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- VISA Power Limited - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
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- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
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- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
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- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
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- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
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- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
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- Independent Power Producers Association of India
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- Gujarat Mineral Development Corp Ltd - India
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- SMG Consultants - Indonesia
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- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
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- Commonwealth Bank - Australia
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- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
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- Global Green Power PLC Corporation, Philippines
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- India Bulls Power Limited - India
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- Timah Investasi Mineral - Indoneisa
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- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
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