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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

Tuesday, 22 December 20
INDIA'S COAL DEMAND IS SET TO EXPAND DESPITE PLUMMETING IN 2020 - IEA
Coal consumption in India amounted to 979 Mt in 2019, with the largest share being thermal coal (including lignite) for electricity generation (687 ...


Tuesday, 22 December 20
SOUTHEAST ASIA'S COAL DEMAND IS SET TO EXPAND AFTER THE PANDEMIC-INDUCED HIATUS IN 2020 - IEA
Coal consumption in Southeast Asia has more than doubled in the last decade, with the largest growth in Indonesia and Viet Nam, followed by Malaysi ...


Tuesday, 22 December 20
COAL DEMAND IS RISING QUICKLY IN PAKISTAN AND MORE SLOWLY IN BANGLADESH - IEA
Pakistan had 150 MW of installed coal power capacity in 2015. Since 2017, in addition to a few small plants for industry, Pakistan has commissioned ...


Tuesday, 22 December 20
AFRICA PERSPECTIVE INDICATES NO MAJOR SHIFTS FOR COAL CONSUMPTION - IEA
Overall countries on the African continent consumed 197 Mt of coal in 2019, 12 Mt less (-6%) than 2018.   South Africa, the continent& ...


Monday, 21 December 20
COAL PRICES WITHSTAND DESPITE COVID-19 AND CHINESE IMPORT QUOTAS - IEA
Coal prices vary by region as well as by grade and quality. The price rebound starting in 2016 ended in 2018, moving in a downward trend in 2019. A ...


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