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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, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...
Sunday, 29 April 12
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The BDI continued to go up with the support of Panamax/Supramax and was up by 8.34 pct closing at 1,156 points.
The cape index was ...
Sunday, 29 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS FOR MAY 2012 DELIVERY WAS STABLE THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps for May deliveries stable this week, according to DSP of SGX AsiaClear OTC Coal Swaps. In the me ...
Friday, 27 April 12
BUKIT ASAMS NET INCOME UP 14% IN 1Q 2012 (UNAUDITED)
Press Release - PT Bukit Asam (Persero) Tbk, announced the Consolidated Financial Statements and Subsidiaries per 31 March 2012 (Unaudited).
Reve ...
Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN
COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silan ...
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- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Planning Commission, India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
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