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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, 14 August 12
SAKARI SIGNS HEADS OF AGREEMENT TO ACQUIRE SIX COAL CONCESSIONS IN INDONESIA
COALspot.com - Sakari has signed a Heads of Agreement (HOA) to acquire a 100% interest in up to six IUPs, covering an area of over 29,000 hectares, ...
Tuesday, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime ...
Monday, 13 August 12
5TH VIETNAM PORTS AND LOGISTICS 2012
Press Release - Co-hosted by VINAMARINE, the 5th Vietnam Ports and Logistics2012 will feature dedicated sessions on port and transport infrastructur ...
Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that eve ...
Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE
COALspot.com - The BDI continued its fall 10th August.
This week all segments were down including BDI down by 9.15 pct closing at 774 points .The ...
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- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
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