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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, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
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- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
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