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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, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
...
Thursday, 19 January 12
14TH VOGP MEETING IN HO CHI MINH CITY HANDS OUT LATEST UPDATES AND DEVELOPMENTS IN VIETNAM'S ENERGY INDUSTRY
Press Release: At upcoming 14th Vietnam Oil Gas Power on 27-28 Feb in Ho Chi Minh City the industry’s most influential names including Petrovi ...
Thursday, 19 January 12
DELTA DUNIA SEALS US$820 MIO CONTRACT INSIDER STORIES
Insider Stories reported that, PT Delta Dunia Makmur Tbk (DOID) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama ( ...
Wednesday, 18 January 12
WARM WINTER ACROSS EUROPE HAS IMPACTED NEGATIVELY COAL DEMAND - BRS
With the Chinese New Year just a week away, all markets are slowing down. The drop in freight rates for all sizes has been significant over the past ...
Wednesday, 18 January 12
DRY BULK MARKET'S DRAMA CONTINUES IN START OF NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of newbuilding deliveries, coupled with a slow start to the new year, a typical trend for the dry bulk market, has led the industry's benc ...
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- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- The University of Queensland
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Dalmia Cement Bharat India
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