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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Tuesday, 09 December 14
API 8 CFR SOUTH CHINA COAL SWAPS FELL 1.8% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.84 (-2.91%) month over month and US$ 0.95 (-1.52%) we ...
Monday, 08 December 14
GOVERMENT TO WITHDRAW CNC STATUS OVER SUSPECTED FLAWS - THE JAKARTA POST
The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to review the clean and clear (CnC) status held by ...
Monday, 08 December 14
FOB NEWCASTLE COAL SWAPS SLIP W-O-W AND M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.10 on 5 December after losing US$ 0.55 (-1.04%) month over ...
Sunday, 07 December 14
SUPRAMAX S8 ROUTE SLIGHTLY INCREASED WEEK ON WEEK
COALspot.com: The BDI continued its fall as cape index fell heavily week on week.
The BDI lost around14.83 pct within last five working day an ...
Saturday, 06 December 14
TANKER FLOATING STORAGE PLAYS COULD COME INTO PLAY IF VLCC RATES STAY AT CURRENT LEVEL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Contango: A phenomenon in commodities futures price curves where the delivery price of a futures contract is greater than the current price. With t ...
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- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- CNBM International Corporation - China
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- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
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- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
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- Samtan Co., Ltd - South Korea
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- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
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- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
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- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
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- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
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- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
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- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
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- Medco Energi Mining Internasional
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- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Parliament of New Zealand
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- Wilmar Investment Holdings
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
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- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
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- Jorong Barutama Greston.PT - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
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- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
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- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
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- White Energy Company Limited
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
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- Kartika Selabumi Mining - Indonesia
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- OPG Power Generation Pvt Ltd - India
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- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
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- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
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- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
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- Cement Manufacturers Association - India
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- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
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- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
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- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
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- Kepco SPC Power Corporation, Philippines
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- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
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- Electricity Authority, New Zealand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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