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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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Thursday, 01 March 12
BUKIT ASAM TARGETS EUROPEAN INVESTORS
COALspot.com - PT. Bukit Asam (persero) Tbk, Indonesian state owned coal miner is planning to conduct road show in Europe next week to target at Eur ...
Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- White Energy Company Limited
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
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