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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, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...
Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
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- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- The University of Queensland
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- PTC India Limited - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
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