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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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Thursday, 07 November 13
THE ENERGY INDUSTRY'S RISING WATER CHALLENGE - WOOD MACKENZIE
Water poses a variety of business risks for the energy industry, and could play an influential role in shaping the future energy supply mix, accordi ...
Thursday, 07 November 13
HANDY : INDO/CHINA ROUNDS ARE SEEING BIDS AT AROUND $16K
Handy
In the Atlantic we have seen more activity this week with several fixtures being concluded at firm rates. USG/Feast been reported at 30k and ...
Wednesday, 06 November 13
THE BIGGER SIZE SEGMENTS LOST GROUND WHILE SUPRAS AND HANDIES HELD ON TO THEIR GAINS - INTERMODAL
Chartering (Wet: Stable+ / Dry: Stable- )
A mirror image of the week prior for the Dry Bulk market, as once more the bigger size segments los ...
Wednesday, 06 November 13
WILL NEW ORDERS DRIVE THE MARKET DOWN AGAIN ONCE DELIVERIES COMMENCE
"While there are many concerns on whether the new orders will drive the market down again once deliveries commence, the second half of 2013 has ...
Tuesday, 05 November 13
AUSTRALIA'S NEWCASTLE PORT SEES DROP IN COAL EXPORTS W-W
COALspot.com: In the week ended November 4, Power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.77 m ...
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- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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