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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Friday, 01 February 13
HANDY - FLAT; PANAMAX - FLAT TO WEAK; CAPESIZE - WEAK
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 17k and Black sea to Feast ...
Thursday, 31 January 13
DRY BULK RATES ON A FALLING PATTERN DUE TO ADVERSE WEATHER CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The seasonal factor has emerged as the latest catalyst in determining the course of the dry bulk market, as the floods in eastern Australia, the big ...
Thursday, 31 January 13
NEWCASTLE PORT SHIPPED 2.70 MMT OF COAL W/E 28 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 2,703,921 MT of thermal and coking coal for week ended 0700 hours 28 January 2013, Newca ...
Thursday, 31 January 13
MMTC TO IMPORT 2.68 MMT OF COAL FOR ARAVALI POWER CORPORATION LTD
COALspot.com: The tender floated by MMTC on behalf of Aravali Power Corporation Ltd, a Joint venture between NTPC and State of Haryana for supply of ...
Wednesday, 30 January 13
TNPL TO SECURE 300K MT OF IMPORTED COAL SUPPLIES AT US$ 75.95 PMT FOR MARCH - AUGUST 2013 DELIVERY
COALspot.com – Chennai based Coastal Energy Private Limited (C&O Group of companies) offered lowest price of US$ 75.95 per met ...
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- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- The University of Queensland
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
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