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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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Wednesday, 14 December 16
20/20 VISION! - JOHN N. COTZIAS
2020; A year that could be changing shipping. In early November, the International Maritime Organization (IMO) announced that it would set a 0.5% s ...
Tuesday, 13 December 16
THE FREIGHT MARKET MAY WELL BE SHOWING SIGNS OF HEADING FOR ITS DOWNWARD CORRECTIVE PHASE - ALLIED
2016 has been a tough market for dry bulkers and through these difficult earnings, we have seen some of the lowest prices being noted historically ...
Tuesday, 13 December 16
COAL DEMAND GROWTH TO STALL AS APPETITE WANES, ACCORDING TO IEA
Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according ...
Monday, 12 December 16
U.S. WEEKLY COAL PRODUCTION TOTALS 16.3 MMST, UP 7.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3 million short ton ...
Monday, 12 December 16
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this past week and ending on a negative note week ...
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- Videocon Industries ltd - India
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- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
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- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
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- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
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- SMC Global Power, Philippines
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- Bukit Makmur.PT - Indonesia
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- Economic Council, Georgia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
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- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
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- Therma Luzon, Inc, Philippines
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- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
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- Orica Australia Pty. Ltd.
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- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
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- VISA Power Limited - India
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- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
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- Coal and Oil Company - UAE
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- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
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- Posco Energy - South Korea
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- Energy Link Ltd, New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
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- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
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- ASAPP Information Group - India
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- Merrill Lynch Commodities Europe
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- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
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- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- White Energy Company Limited
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
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- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
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- Ministry of Mines - Canada
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- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
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