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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, 21 April 14
DRY BULK MARKET UPS AND - MOST RECENTLY - DOWNS OFFERS NO ROOM FOR RELAXING AMONG DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's latest demise, with the market retrating once again, since the end of March, has come at a time, when most ship owners ...
Sunday, 20 April 14
FREIGHT RATES END WEEK ON WEAK NOTE - VISTAAR
Wish you all Happy Easter.
The freight market continued to its downwards as BDI was fell 7.187 percent to 930 points week on week.
The ...
Friday, 18 April 14
US WEEKLY COAL PRODUCTION DECLINED BY 1% TO 18.9 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Thursday, 17 April 14
DRY BULK MARKET ON RETREAT MODE, WHILE NEWBUILDING ORDERING ACTIVITY STALLS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on retreating this week, a pattern which emerged since late March. Yesterday the BDI (Baltic Dry Index) ended yet a ...
Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
COALspot.com: Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billio ...
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- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
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