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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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Wednesday, 20 October 21
CHINA COAL HITS RECORD HIGH AMID TIGHT SUPPLIES - REUTERS
China coal prices hit a record high on Tuesday buoyed by a widening power crunch and cold weather despite Beijing’s efforts to bolster supply ...
Wednesday, 20 October 21
MARKET INSIGHT - INTERMODAL
IMO 2020, Ballast Water Treatment regulations, Green Recycling, GHG emissions, EEXI, CII, ETS, Fit for 55, Carbon price/levy, the Poseidon Principl ...
Tuesday, 19 October 21
SPONGE IRON SECTOR MIGHT REPORT NEGATIVE GROWTH DUE TO COAL CRISIS: SIMA - PTI
The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to conti ...
Tuesday, 19 October 21
COAL INDIA, THE FALL GUY FOR POWER CRISIS - INDIA EXPRESS
The post-Covid economic recovery has led to a major increase in the demand for power, both in India and globally. In India, coal-based power plants ...
Saturday, 16 October 21
SOLAR INSTALLATION SURGE PUTS INDIA ON TRACK TO CAP COAL-FIRED POWER AS EARLY AS 2024 - IEEFA
Recent increase in solar power installations could push coal to peak sooner than expected
If India keeps installing solar capacity a ...
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- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
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