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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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Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- White Energy Company Limited
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
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