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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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Friday, 26 September 14
NEWCASTLMAXES ARE THE MOST SOUGHT AFTER VESSELS BY SHIP OWNERS TODAY SAYS VESSELS VALUE
KNOWLEDGE TO ELEVATE
Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such ...
Thursday, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD ...
Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a M ...
Wednesday, 24 September 14
CAPESIZE: ACTIVITY IN BOTH BASINS WAS UNIMPRESSIVE
COALspot.com: The end of the week prior seems to have marked the tone for the days that followed, with the Dry Bulk market giving up a significant ...
Tuesday, 23 September 14
MEDCO TO INCREASE ITS COAL PRODUCTION NEXT YEAR
COALspot.com: PT Medco Energi Internasional is looking to increase its coal production next year, supported by the launch of operations at its Duta ...
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- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Australian Coal Association
- PTC India Limited - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
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