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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, 18 September 13
DRY BULK MARKET CONTINUED TO ADVANCE - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market continued to advance at a very fast pace, with the BDI closing off the week north ...
Tuesday, 17 September 13
BUMA PRODUCED 3.57 PERCENT MORE COAL IN AUGUST
COALspot.com: BUMA has removed totaled 25.20 million bcm of overburden to produce 2.90 million tons coal in August 2013. BUMI produced 3.07 percent ...
Tuesday, 17 September 13
NEWCASTLE PORT SHIPPED ABOUT 27 PERCENT MORE COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 27.26 per cent week on week to 3.01 million mt for ...
Tuesday, 17 September 13
TAIPOWER INVITES BIDS FOR SUPPLY OF SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open tende ...
Tuesday, 17 September 13
ORPHEUS SECURES SIGNIFICANT INFRASTRUCTURE DEAL THROUGH ACQUISITION OF SOUTH KALIMANTAN PORT CAPACITY
COALspot.com : Orpheus Energy Limited (ASX: OEG) of Australia has today announced that, it has executed a binding agreement with the proprietor of S ...
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- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Planning Commission, India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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