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Thursday, 15 February 18
INDIA: THERMAL POWER PLANTS UNDER STRESS ON RISING COAL, FREIGHT COSTS - BUSINESS STANDARD
 Coal-based power plants are feeling the heat of spike in thermal grade coal prices and railway freight costs.
Prices of thermal grade coal since the last notification by Coal India on January 9 this year have moved up by 15-18 per cent. This apart, the levy of evacuation charge of Rs 50 per tonne is estimated to increase the cost of generation for coal-based power plants by 13-15 paise per unit.
Also, the Ministry of Railways through a notification on January 9 this year has rationalized the freight rates for coal transportation and withdrawing the levy of busy season surcharge (15 per cent) and development surcharge (five per cent) on coal transportation. The busy season surcharge is levied from April to June and October to March in a financial year. On an annual basis, the freight rates have been revised by 3.4-3.6 per cent across various distance slabs. According to a report by Icra, the impact of this freight revision on the cost of generation for thermal plants could be two to four paise per unit depending on the distance of the project from the associated coal mine.
“Thermal power plants are already operating at lower load due to rising demand for renewable power.
The hike in coal and railway freight costs is a blow on the operations of the coal-based units. The plants without long-term PPAs will suffer the most”, said an industry source.
For domestic coal-based IPPs (independent power producers) which have competitively bid based PPAs, the impact on the margins will be dependent on the extent of scalable energy charge component in the tariff structure. For power generating companies and IPPs without long-term PPAs and having exposure to short-term PPAs, the profitability will be negatively impacted with a rise in coal price, given the subdued short-term tariffs with the surplus generation capacity available in the country.
Icra expects a partial pass-through by private IPPs with a competitive bid based PPAs for the balance coal-based generation. Under these assumptions, the cost of power procurement for discoms at an all India level is estimated to increase by about nine paise per unit.
Assuming the average AT&C (aggregate technical & commercial) loss level at around 23 per cent in the country, the impact of the revision in coal prices and railway freight on cost of power supply per unit sold and retail tariffs (assuming full pass through by state regulators) is estimated at around 14 paisa per unit or 2.3 per cent tariff hike. However, the state-wise extent of an increase in the cost of power supply and hence, in retail tariff for a distribution utility would be dependent upon the mix of coal-based generation in its overall power procurement, the Icra report stated.
Cost of thermal power generation is likely to witness upward pressure due to Capex (Capital expenditure) requirement for complying with the revised environment norms, operating cost associated with the same as well as the cost of ensuring flexibility in operations with rising share of renewables.
Source: Business Standard
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Friday, 09 March 18
THE WORLD CANNOT KEEP IGNORING THE ASIAN COAL STORY - BENJAMIN SPORTON
There were significant changes in the global energy system in 2017, including the growth in electric vehicles, the rise of renewables and the conti ...
Friday, 09 March 18
U.S. EXPORTED 97 MMST OF COAL IN 2017, A 61 PER CENT INCREASE FROM 2016 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.1 million short tons ...
Thursday, 08 March 18
BUMA SIGNED OVER US$ 500 MILLION WORTH OF NEW CONTRACT WITH PT TANAH BUMBU RESOURCES
PT Delta Dunia Makmur Tbk., announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into mining services ...
Thursday, 08 March 18
THE ENERGY CONTRIBUTION FROM COAL-BASED POWER PLANTS IS LIKELY TO INCREASE TO 1072 BU BY 2021-22 : PIB
Government of India has set an ambitious target of 175 GW from Renewable energy sources (RES) by 2022, which comprises of 100 GW Solar, 60GW from W ...
Thursday, 08 March 18
SUPRAMAX: THE MARKET IS STILL GOING STRONG IN THE PACIFIC - FEARNLEYS
Supramax
The market is still going strong in the Pacific, with Ultra fixing high US$ 13000+375000 bb for South Africa to ECI while nickel ore run ...
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- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- The University of Queensland
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Planning Commission, India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
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