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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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Saturday, 23 March 13
WORLD COAL TRADE FIRST PASSES 1 BILLION TONS IN 2012 - VEREIN DER KOHLENIMPORTEURE E.V
Press Release: Hard coal imports to Germany on the previous year's level in spite of regenerative energies. Imports for power plants at an all-time ...
Thursday, 21 March 13
HANDY : RBCT ROUNDS FIXED AT $ 9000 + 300K BB - FEARNRESEARCH
Handy
The Atlantic market remains firm with cargoes seen to support healthy rates as per last week. The USG-Feast was at USD 25k and Black Sea-Feas ...
Wednesday, 20 March 13
NTPC TO IMPORT SEVEN MILLION TONS COAL FOR FOUR MONTHS
COALspot.com : NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company has awarded&n ...
Tuesday, 19 March 13
CHINA GAS PRICE REFORMS AND APAC GAS PRICING - FITCH STREET VIEW
Fitch Ratings says pricing reform in the Chinese gas sector is unlikely to materially impact gas distributors' margins, and low gas prices in the U ...
Tuesday, 19 March 13
NEWCASTLE COAL EXPORTS FALL BY 4.27 PERCENT ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,365,561 MT of thermal and coking coal for week ended 0700 hours 18 March 2013, Newcast ...
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- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
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