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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Tuesday, 04 November 14
INDONESIAN COAL SWAPS FOR 2015 DELIVERIES SHOW A WEAK TREND
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost month on month and gained day on day and week on week, the trend was same as las ...
Tuesday, 04 November 14
FOB NEWCASTLE COAL SWAPS GAINED WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2014 delivery decreased US$ 1.09 (-1.99%) month over month and increased US$ 0.31 (+0.58% ...
Monday, 03 November 14
ADARO PRODUCED 41.90MT OF COAL FOR FIRST 9 MONTHS OF 2014
COALspot.com: Adaro’s coal production in the third quarter reached 14.03 Mt, a 2% increase compared to the same period of last year. Accordin ...
Monday, 03 November 14
CFR SOUTH CHINA COAL SWAP FOR Q4' 2014 DELIVERY LOST 2.80% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery has decreased US$ 1.86 (-2.80%) month over month and increased US$ 0.37 ( ...
Monday, 03 November 14
INDONESIAN'S COAL EXPORTS JUMP IN SEPTEMBER
COALspot.com: Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 ...
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- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
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- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
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