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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, 22 December 11
RI WILL NOT PLAY CATCH-UP WITH GLOBAL COAL DEMAND - THE JAKARTA POST
The Jakarta Post reported that, the International Energy Agency (IEA) has predicted in its Coal Market Report 2011 that over the next five years, gl ...
Thursday, 22 December 11
DRY BULK MARKET KEEPS LOSING TRACTION AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept retreating in the middle of the week, as charterers seem to be looking towards the holiday season and the start of the new ye ...
Tuesday, 20 December 11
THE COAL IMPORT INTO CHINA WAS QUIETER AS COAL STOCKS WERE AT HIGH LEVELS - BRS
The BDI ended the week at 1888 points (-1.8%), the BCI corrected to 3572 (-3.4%), the BPI was up at 1,775 (+3.6%), the BSI dropped to 1193 (-3.0%) a ...
Tuesday, 20 December 11
INDIA IMPORTS 66.41 PERCENT MORE COAL FROM INDONESIA LAST MONTH - SOURCES
COALspot.com: Indonesia, the world largest coal exporter, shipped 33.476* mln mt of coal in November, which is slightly higher than its Octobe ...
Monday, 19 December 11
KOPEX COMMITS ADDITIONAL ONE MILLION DOLLAR FOR PT TRANSCOAL MINERGY
COALspot.com - Mining contractor Kopex has agreed to extend a further US$1 million to finance the remainder of the expanded drill program at PT Tran ...
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Showing 4921 to 4925 news of total 6871 |
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- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- White Energy Company Limited
- The Treasury - Australian Government
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Australian Coal Association
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
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