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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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Sunday, 08 September 13
BALTIC INDEX UP ON HIGHER CAPESIZE, PANAMAX RATES
COALspot.com : The freight market continued saw one of the biggest rally last week with Cape Size taking the lead followed by Panamax.
The BDI wa ...
Friday, 06 September 13
DRY BULK MARKET REACHES NEW YEAR-HIGHS ON THE BACK OF INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been on the rise once again, but this time around any new increase of freight rates translates into new year-highs, thus bri ...
Friday, 06 September 13
US PRODUCED APPROXIMATELY 90.80 MMST OF COAL IN AUGUST
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.90 million short tons (mmst) of ...
Thursday, 05 September 13
INDONESIAN COAL EXPORTS UP BY 6.72 PERCENT IN JULY
COALspot.com: Indonesia, the world's largest multi grade coal exporter shipped 35.268* million tons of coal in July 2013. Indonesian coal exp ...
Thursday, 05 September 13
HANDY: NICKEL ORE WAS PUSHING THE FAR EAST MARKET - FEARNLEYS
Handy
Nickel Ore was pushing the Feast market, several ships were fixed from low teens to $14k. Indo/India was still supported by bauxite, while th ...
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- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
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- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
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