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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, 11 July 14
UNITED STATE'S MONTHLY COAL OUTPUT FALLS 5.53% IN JUNE
COALspot.com – United States the world's second largest coal producer, produced approximately 18.1 million short tons (mmst) of coal in a ...
Thursday, 10 July 14
SGX EXPANDS ACROSS THE BULKS WITH NEW COAL PRODUCTS
COALspot.com: Singapore Exchange (SGX) is expanding its bulk commodity derivatives offering by launching new coking and thermal coal products on 4 ...
Thursday, 10 July 14
HANDY: SMALL INCREASE; PANAMAX: POSITIVE TONE; CAPESIZE: PAPER VALUES REMAIN WEEK
Handy
It is a general increase in activity in both hemispheres whereas rates have just experienced a small increase. In the Feast we see stable a ...
Wednesday, 09 July 14
SHIP INVESTMENTS ARE TRENDING LOWER
Most ship owners are deeming current ship prices on the high side, refraining from making serious commitments in new acquisitions or newbuilding or ...
Wednesday, 09 July 14
INDIAN GOVERNMENT ADVISED POWER UTILITIES TO INCREASE COAL IMPORTS
COALspot.com: The government of India has advised power utilities to increase coal imports to meet fuel shortages and those that have fuel supply p ...
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- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Minerals Council of Australia
- The University of Queensland
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Planning Commission, India
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- Parliament of New Zealand
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
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