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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, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...
Thursday, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com - India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam co ...
Thursday, 11 October 12
PANAMAX : SINCE LAST WEEK RATES HAS FIRMED FOR ALL TRADES - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and B ...
Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were ...
Wednesday, 10 October 12
NEW BUILDING MARKET ON A QUIET WEEK, DUE TO ASIAN HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The newbuilding ordering activity has been more than quite during the course of the past week, as a result of holidays in both Korea and China. Acco ...
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- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Australian Coal Association
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
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