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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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Tuesday, 21 March 17
JAPAN'S RENEWED COMMITMENT TO COAL - BENJAMIN SPORTON
Japan is one of the largest economies in the world, and has long been a major consumer and importer of energy and a leader in energy technology dev ...
Monday, 20 March 17
IS THE DRY BULK INDUSTRY STILL ON TRACK FOR PROFITABILITY IN 2019? - PETER SAND
The industry remains well on target for profitable freight rates in 2019! This relies however, on the projected fleet supply growth rate of 0% in 2 ...
Friday, 17 March 17
U.S WEEKLY COAL OUTPUT VOLUME SLIDES 6.5 PERCENT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.7 million short ton ...
Thursday, 16 March 17
CHINA IMPOSING TOUGHER CONTROLS ON LOW-QUALITY COAL IMPORTS
China is ramping up controls on imports of low-quality coal due to concerns about smog and overcapacity in the world’s top coal consumer, a g ...
Thursday, 16 March 17
CAPESIZE: SHOWING STRENGTH; PANAMAX: VERY QUIET - FEARNLEYS
Supramax
The Atlantic market faced less activity from the USG whereas at the Cont tonnage seemed to tighten up with more cargoes emerging. Despit ...
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- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- VISA Power Limited - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Planning Commission, India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
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