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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, 28 July 14
Q3' 14, SUB-BIT FOB INDONESIA COAL SWAP GAINED $ 0.08 DAY ON DAY AND $ 0.68 WEEK ON WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 increased by just US$ 0.08 day on day and US$ 0.68 week on week. The swap was lost U ...
Monday, 28 July 14
S. KOREA'S KOSPO SEEKS 148K T OF 4700 NAR COAL
COALspot.com: Korea Southern Power Co Ltd (KOSPO) is seeking 148,000 tonnes of 4,700 kcal/kg NCV steaming coal for shipment between October to Nove ...
Monday, 28 July 14
CFR SOUTH CHINA COAL SWAP SLIGHTLY UP WEEK ON WEEK
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. The swap for Q3, Q4 and Q1 2015 showing slight improvement ...
Sunday, 27 July 14
RAMADAN HOLIDAYS IN INDONESIA PUTTING PRESSURE ON CHARTER RATES FROM INDONESIA - VISTAAR INDIA
COALspot.com: The freight rates were almost steady as very slight improvement in BDI by about 1 pct. The BDI was at 739 points after improvin ...
Saturday, 26 July 14
COAL MINING COMPANIES CLOSED TEMPORARILY - THE JAKARTA POST
The Sarolangun regency administration in Jambi has suspended the operations of 10 coal mining companies in line with a circular issued by Regent Ce ...
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- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Australian Coal Association
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Planning Commission, India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- White Energy Company Limited
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