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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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Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
Friday, 25 November 11
DISPUTE BETWEEN GIANT MINING FIRMS ENDS IN LAHAT - THE JAKARTA POST
The Jakarta Post reported that, prolonged dispute taking place in the South Sumatra regency of Lahat and involving two giant mining companies PT Buk ...
Friday, 25 November 11
DRY BULK MARKET LOSING STEAM, FAST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s been a week of falls for the dry bulk market this one, leaving ship owners with a sour taste in their mouths, as evidence of a recovery i ...
Thursday, 24 November 11
INDONESIA/INDIA SPMX TC AROUND $ 7/8K AND AROUND $ 12/13.00 PMTS ON VOYAGE BASIS - FEARNLEYS
Handy
Last week ended on a positive note in the Atlantic however the activity levels are somewhat reduced. Owners are asking in excess of USD ...
Thursday, 24 November 11
DRY BULK MARKET KEEPS LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was lower once again on Wednesday, with the industry’s benchmark, the Baltic Dry Index (BDI) ending the session down by 1. ...
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- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
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