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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, 02 March 18
ANGLO AMERICAN COMPLETES SALE OF ESKOM-TIED THERMAL COAL OPERATIONS IN SOUTH AFRICA
Anglo American plc (“Anglo American”) confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Afric ...
Friday, 02 March 18
MORE COAL INQUIRES FROM SOUTH AFRICA TO INDIA; SUPRAS FIXED CA $12K + BB - FEARNLEYS
Supramax
Better rates in Atlantic, but not too busy market just yet.
Black Sea catched improving rates for grain cargoes, where supras to Eg ...
Friday, 02 March 18
U.S. WEEKLY COAL PRODUCTION DOWN 2.7 PER CENT W/E 24 FEB, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million short tons ...
Wednesday, 28 February 18
INDIA: TEPID COAL TRAFFIC TO HIT VOLUME GROWTH AT PORTS TILL 2022 - PTI
Cargo growth at the country’s major ports is all set to moderate to 3-5 per cent per annum over the next five years due to the “sedate ...
Wednesday, 28 February 18
MARKET INSIGHT - LINOS KOGEVINAS
US Shale production continues to grow rapidly, hitting new records and with projections being revised upwardly at every turn. According to the Inte ...
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- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- McConnell Dowell - Australia
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