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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Wednesday, 04 June 14
SKULD: DIVERSIFICATION AND A ROBUST BOTTOM LINE
In February, I was delighted to ring in the new policy year with the Skuld team following a solid renewal round and a strong year. 2013 was, in man ...
Monday, 02 June 14
SUB-BIT FOB INDONESIA COAL SWAPS LOST GROUND THIS WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 02 June 14
SOUTH CHINA COAL SWAP WAS SHOWING A POSITIVE MOVE IN Q4, INSTEAD OF THIS WEEK'S WEAK TREND
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 3.39 percent month on month and closed at US$ 72.65 per mt as on F ...
Sunday, 01 June 14
INDO - INDIA SUPRMAX FREIGHT RATES CONTINUED TO DOWN THIS WEEK
COALspot.com: The freight market was soft this past week as all sectors soften particularly Panamax index was lost 129 points or 12.88% week on wee ...
Friday, 30 May 14
CLEAN COAL PROCESSING & CONVERSION ASIA SUMMIT 2014
Clean Coal Processing & Conversion Asia Summit 2014 will be held on Nov 20-21st, 2014 in Jakarta, Indonesia.
With the cooperation of ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
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- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
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- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
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- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
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- Kepco SPC Power Corporation, Philippines
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- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
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- Bukit Makmur.PT - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- The University of Queensland
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
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- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
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