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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, 04 June 13
NEWCASTLE PORT SHIPPED 2.56 MILLION TONS OF COAL IN A WEEK
COALspot.com - Newcastle port in Australia has loaded 2,563,596 tons of coal for week ended 0700 hours 3 June 2013, Newcastle Port Corp. said ...
Tuesday, 04 June 13
WOOD MACKENZIE SAYS THE CHINA'S THERMAL COAL DEMAND WILL REACH NEARLY 7BTPA BY 2030
COALspot.com - The Illusion of Peak Coal' says that despite efforts to limit coal consumption and seek alternative fuel options, China's strong ap ...
Saturday, 01 June 13
COAL PRICES STRUGGLE TO FIRM UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.18 percent week on week and 0.03 percent ...
Saturday, 01 June 13
THE FREIGHT MARKET FOR S7 AND S8 SECTORS ARE EXPECTED TO BE SOFT - VISTAAR
COALspot.com – The freights are remains weak week ended 31 May 2013, as BDI fell 2.05 pct and closed at 809 points on 31 May 2013.
The Cape ...
Friday, 31 May 13
US PRODUCED 18.5 MILLION SHORT TONS OF COAL W/E 25 MAY 2013
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 18.50 million short tons (mmst) of ...
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- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
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- Orica Mining Services - Indonesia
- Australian Coal Association
- Indian Energy Exchange, India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Malabar Cements Ltd - India
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