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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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Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
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- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
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