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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, 06 October 21
EUROPEAN COAL FUTURES CLIMB TO 13-YEAR PEAK - REUTERS
European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian demand f ...
Tuesday, 05 October 21
CAPESIZE MARKET WAS IN A STEEP CLIMB FOR MOST OF THIS WEEK - BALTIC EXCHANGE
Capesize
The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regather ...
Wednesday, 29 September 21
THE WRITING IS ON THE WALL: AUSTRALIA’S COAL ERA IS OVER - YAHOO!FINANCE
As the fringe of Australian politics strives to pump up the coal industry, facts show that coal production has started its long run decline.
&n ...
Wednesday, 29 September 21
SURGING COAL PRICES SPLIT ASIAN BUYERS INTO RICH AND POOR - REUTERS
As seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers suc ...
Wednesday, 29 September 21
MARKET INSIGHT - INTERMODAL
Tanker Asset values have surprised to the upside, despite the downward pressure on the freight market. Tanker rates have been hovering close to the ...
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- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- London Commodity Brokers - England
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- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- The University of Queensland
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