{"id":9633,"date":"2012-04-04T15:51:10","date_gmt":"2012-04-04T13:51:10","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/indonesia-tax-plan-may-turn-india-power-firms-to-australia-africa\/"},"modified":"2012-04-04T15:51:10","modified_gmt":"2012-04-04T13:51:10","slug":"indonesia-tax-plan-may-turn-india-power-firms-to-australia-africa","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/indonesia-tax-plan-may-turn-india-power-firms-to-australia-africa\/","title":{"rendered":"Indonesia tax plan may turn India power firms to Australia, Africa"},"content":{"rendered":"

\t\t<\/span><\/p>\n

By Sanjeev Choudhary<\/span><\/p>\n

<\/span><\/p>\n

NEW DELHI, April 4<\/span> (Reuters) – Indonesia’s plan to impose a
\n25 percent export tax on coal may turn Indian power producers
\ntowards other coal exporting countries and increase tensions
\nbetween companies and the Indian government over electricity
\ntariffs.<\/p>\n

<\/span><\/p>\n

About 9,000 megawatts, nearly 10 percent of India’s total
\ncoal-fired capacity, became unviable last year after Indonesia
\nchanged rules on coal prices. An additional sudden spike in coal
\ncosts would make matters worse and push other plants to raise
\nprices, which would lead distribution utilities to buy less.<\/p>\n

<\/span><\/p>\n

India imports about 12 percent of its coal requirements and
\nsources 70 percent of that from Indonesia, the world’s largest
\nthermal coal exporter.<\/p>\n

<\/span><\/p>\n

“It’s a setback for power producers. This will discourage
\nthem from taking up projects based on imported coal,” said K
\nRajagopal, CEO for thermal at India’s Lanco Infratech Ltd
\n, which runs a 1,200 MW plant fuelled entirely by
\nimported coal.<\/p>\n

<\/span><\/p>\n

State-run NTPC, Tata Power and Adani
\nPower will be among the many Indian companies likely
\nto be affected by Indonesia’s export duty.<\/p>\n

<\/span><\/p>\n

Coal fuels more than half of India’s power capacity of
\n191,000 MW and will be required for 85 percent of the 76,000 MW
\nadditional capacity targeted in the next five years.<\/p>\n

<\/span><\/p>\n

“Plants can’t run on such expensive coal imports. This will
\nmake power unaffordable in India,” said Ashok Khurana, director
\ngeneral of the Association of Power Producers.<\/p>\n

<\/span><\/p>\n

“The only option is to ramp up domestic production and
\nchange the fuel mix with emphasis on renewable sources,” said
\nKhurana.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Sanjeev Choudhary NEW DELHI, April 4 (Reuters) – Indonesia’s plan to impose a 25 percent export tax on coal may turn Indian power producers towards other coal exporting countries and increase tensions between companies and the Indian government over electricity tariffs. About 9,000 megawatts, nearly 10 percent of India’s total coal-fired capacity, became unviable […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9633","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9633"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9633\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}