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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Wednesday, 16 April 14
Q1 2014 : TERMS OF FREIGHT RATES THE PERFORMANCE IN THE DRY BULK MARKET HAS NOT MET THE HIGH EXPECTATIONS - INTERMODAL
This year the dates for the celebration of Easter will coincide for the Orthodox and the Catholic, so we are already seeing most people in the m ...
Tuesday, 15 April 14
NEWCASTLE SHIPPED MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 14 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Monday, 14 April 14
SUB-BIT FOB INDO COAL SWAP FOR Q1' 15 DELIVERY CLOSED AT US$ 60.12 PER MT
COALspot.com: Indonesian coal swaps for average Q4’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Monday, 14 April 14
INDONESIA'S Q1 COAL PRODUCTION LITTLE CHANGED EVEN WITH PRICE DROP - INVESTOR DAILY
Indonesia’s coal production by volume in the first quarter remained little changed from the same period last year despite the decline in t ...
Monday, 14 April 14
API 8 CFR SOUTH CHINA COAL SWAPS GAIN FOR THE MONTH & WEEK
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 4.61 percent month on month and closed at US$ 76.18 per mt as ...
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- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Planning Commission, India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
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