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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, 13 October 21
MARKET INSIGHT - INTERMODAL
Following up on our insight on May 2021, where we discussed about the Capesize market outlook for the second half of the year, we are pleased to se ...
Wednesday, 13 October 21
FBX INDEX: THE IMPOSSIBILITY OF SHORT-TERM FORECASTING - LARS JENSEN
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start droppin ...
Wednesday, 13 October 21
CHINA FLOODS: COAL PRICE HITS FRESH HIGH AS MINES SHUT - BBC
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by ...
Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty ...
Tuesday, 12 October 21
INDONESIA'S COAL-BASED POWER PLANTS ARE SUBJECT TO CARBON TAX NEXT YEAR, ELECTRICITY COSTS COULD RISE! - CNBC
The Indonesian government is planning plans to implement a carbon tax of IDR 30 per kilogram (kg) of carbon dioxide equivalent (CO2e) or equivalent ...
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- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- The Treasury - Australian Government
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
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