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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, 18 August 14
SUB-BIT FOB INDONESIA COAL SWAP CLOSED AT $58.60 FOR SEPTEMBER 2015; UP $4 FROM SEPTEMBER 2014 CLOSING
COALspot.com: Indonesian coal swaps for average September 2014 decreased US$ 0.15 (-0.27%) day on day and US$ 0.75 (-1.36%) per mt week on week. Th ...
Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%) day on day and US$ 0.30 (+0.44%)&nbs ...
Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...
Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
13-16 October 2014
Grand Hyatt Jakarta, Indonesia
Web Site
The country’s definitive ...
Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...
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- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
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- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Planning Commission, India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
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