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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Monday, 05 January 15
CFR SOUTH CHINA COAL SWAPS GAINED WEEK OVER WEEK, SGX DATA SHOWS
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 2.50 (-4.02%) month over month and gained US$ 0.20 ( ...
Monday, 05 January 15
FIVE ENERGY SURPRISES FOR 2015: THE POSSIBLE AND THE IMPROBABLE - KURT COBB
The coming year is likely to be as full of surprises in the field of energy as 2014 was. We just don't know which surprises! I am not predictin ...
Monday, 05 January 15
THE SHIPPING MARKET IN 2014 AND LOOKING FORWARD - BIMCO
2014 started with plenty of optimism for a considerably better global economy and an improved shipping market. Things turned out somewhat different ...
Monday, 05 January 15
API 5 FOB NEWCASTLE COAL SWAP FOR Q1'15 DELIVERY CLOSED US$ 0.45 HIGHER COMPARED TO Q2'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 0.60 per MT (-1.15%) month over month and gained US$ 0.02 (+0.04%) ...
Sunday, 04 January 15
BALTIC DRY INDEX CONTINUES ITS DECLINE IN 2015
Wish you all a very Happy New Year 2015. The last report was dated 19th Dec 2014 and due to Christmas and new year holidays no reports were publish ...
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- Borneo Indobara - Indonesia
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- PNOC Exploration Corporation - Philippines
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- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
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- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
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- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
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- Sojitz Corporation - Japan
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- Price Waterhouse Coopers - Russia
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- Energy Development Corp, Philippines
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- Bhoruka Overseas - Indonesia
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- Mjunction Services Limited - India
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- Ministry of Mines - Canada
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- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
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- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
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- Xindia Steels Limited - India
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- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
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- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
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- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
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- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
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- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
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- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
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- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
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- Kaltim Prima Coal - Indonesia
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- Economic Council, Georgia
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- Binh Thuan Hamico - Vietnam
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- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
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- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
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