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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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Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
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- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- The Treasury - Australian Government
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- The University of Queensland
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
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