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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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Sunday, 05 April 15
FREIGHT RATES UNDER PRESSURE WEEK OVER WEEK
COALspot.com: The Indices fell on all segments and the market seemed to soften this week.
The BDI was almost lost 1.34% week over week and clo ...
Saturday, 04 April 15
BORYEONG POWER OF KOMIPO TO BUY TOTALED 695K MT OF HIGH AND LCV COAL
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids from coal producers, marketing companies, or traders to supply of 500000 Metr ...
Friday, 03 April 15
U.S WEEKLY COAL PRODUCTION STAYS FLAT
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 18.3 million short ...
Friday, 03 April 15
TOBA BARA'S PANDU SJAHRIR ELECTED AS NEW CHAIRMAN OF THE INDONESIAN COAL MINING ASSOCIATION
COALspot.com: Pandu Sjahrir, the Vice President Director & CFO of the Jakarta-listed PT Toba Bara Sejahtra — a subsidiary of PT Toba Seja ...
Thursday, 02 April 15
GOVERNMENT MUST WORK WITH MINING, NOT AGAINST IT - PANDU SJAHRIR
The Coal Face: The coal price has hit its lowest point in recent memory
My father used to say to me that his children are his biggest inv ...
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- Rio Tinto Coal - Australia
- The University of Queensland
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
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