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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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Tuesday, 03 March 15
INDIAN THERMAL COAL IMPORTS: STEAMING FORWARD - CLARKSONS
Coal-fired power stations comprise around 60% of India’s power output, and with domestic supply issues and favourable international coal pric ...
Tuesday, 03 March 15
Q4' FOB INDONESIA COAL SWAP CLOSED 2% LOWER COMPARED TO Q2 CLOSING PRICE OF $ 47.47
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 rose month on month and declined week over week.
The Q2 swap increased US$ 2.24 ...
Tuesday, 03 March 15
FOB RICHARDS BAY COAL SWAPS: Q2 UP 9.60%; Q3 UP 9.75% W-O-W
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month and week on week.
The Q2 swap has soared US$ 5 ...
Monday, 02 March 15
CFR SOUTH CHINA COAL SWAP FOR Q2 DELIVERY REACHED $ 57.50 PMT W/E 27 FEB 2015
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 1.37 (+2.44%) per MT month over month and declined US$ 0.42 ...
Monday, 02 March 15
BORYEONG POWER PLANT OF KOMIPO TO IMPORT 140K OF SUB-BITUMINOUS COAL FOR Q2
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids from coal producers, marketing companies, or traders to supply of 140,000 (70 ...
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- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
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- Thai Mozambique Logistica
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- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
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- Salva Resources Pvt Ltd - India
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- GN Power Mariveles Coal Plant, Philippines
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- White Energy Company Limited
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- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
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- SMC Global Power, Philippines
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- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
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- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
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- Alfred C Toepfer International GmbH - Germany
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- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- The University of Queensland
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- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
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- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
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- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Thiess Contractors Indonesia
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- Ministry of Transport, Egypt
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- Pendopo Energi Batubara - Indonesia
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- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
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- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Commonwealth Bank - Australia
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- Asmin Koalindo Tuhup - Indonesia
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- Latin American Coal - Colombia
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- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
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- IEA Clean Coal Centre - UK
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- Globalindo Alam Lestari - Indonesia
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- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
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- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
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- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
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- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- Planning Commission, India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
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- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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