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Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
FitchFitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes  (mt) in January-October 2020 due to a fall in power demand.

The revival  in economic activity has led to power demand growth since mid-September, supporting a small rise in coal imports since then. However, Fitch expects coal imports to remain subdued as the government is urging utilities to replace imported coal with domestically produced coal, and state-owned Coal India Limited is raising production. 
 
Fitch expects the PLFs for coal-fired power plants to improve gradually, tracking the economic recovery. However, we believe cost-competitive renewable energy will account for a larger portion of India’s electricity output in the long term and will continue to pressure PLFs of coal-fired power projects.

India’s central government also relaxed the coal-washing requirement of domestic miners supplying thermal  plants.  This should support demand for domestic coal, but will reduce imports when domestic production and logistical bottle necks are better managed in the long term.


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Recent News

Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...


Wednesday, 06 January 21
INDONESIA EXCEEDS COAL PRODUCTION TARGET IN 2020
Indonesian coal production reached 557.54 Million Tons in 2020 1.37% higher than of last year’s total target of 550.00 Million Tons, accordin ...


Wednesday, 06 January 21
CHINESE CITIES REPORTEDLY GO DARK AS COUNTRY FACES SHORTAGE OF COAL, A MAJOR AUSTRALIAN EXPORT - CNBC
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.   Analysts said pr ...


Tuesday, 05 January 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP - XINHUA
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Tuesday, 05 January 21
THE INDONESIA COAL PRICE REFERENCE SOARS TO HIGHEST ONE-MONTH INCREASE SINCE DECEMBER 2016
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