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Wednesday, 10 February 21
FY21 COAL DEMAND MAY BE LOWER THAN PREVIOUSLY ESTIMATED DUE TO COVID-19: PRALHAD JOSHI - PTI
 Coal demand in the current fiscal may be lower than the initial estimate of 1,085 million tonnes (MT) due to the impact of COVID-19, Parliament was informed on Monday.
Domestic supply of coal during the April-December period of the ongoing financial year stood at 489.89MT, Coal Minister Pralhad Joshi said in a reply in the Rajya Sabha.
“Initially demand of coal for current year i.e. 2020-21 was estimated at 1085 MT. However, due to COVID-19 effect actual demand of coal is likely to be less than estimated demand,” the minister said.
The demand of coal is higher than the current level of domestic supply of the fossil fuel, he added.
In FY’20, the actual demand of coal in the country was 955.26MT while the supply was 706.72MT, Joshi said.
The gap between demand and domestic supply of coal cannot be bridged completely as there is insufficient availability and reserves of prime coking coal in the country, the minister said.
Further, coal is imported by power plants designed on imported coal and high-grade coal required for blending purposes is also imported in the country as this cannot be fully substituted by the domestic sector which has limited reserves of high-grade coal.
The focus of the government is on increasing domestic production of the dry fuel through allocation of more coal blocks, pursuing with state government for assistance in land acquisition and coordinated efforts with Railways for movement of coal, he said.
In order to enhance domestic production, 25 percent of coal production has been allowed for sale in open market for newly allocated captive coal blocks.
Source: PTI
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Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
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- Standard Chartered Bank - UAE
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- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
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- The State Trading Corporation of India Ltd
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- Bangladesh Power Developement Board
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- Goldman Sachs - Singapore
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- Trasteel International SA, Italy
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- Australian Coal Association
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- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
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- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
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- Economic Council, Georgia
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- Simpson Spence & Young - Indonesia
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- McConnell Dowell - Australia
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Vedanta Resources Plc - India
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- Indogreen Group - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Indonesian Coal Mining Association
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- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
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- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
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- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Energy Development Corp, Philippines
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- Wilmar Investment Holdings
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- Binh Thuan Hamico - Vietnam
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- Metalloyd Limited - United Kingdom
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- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
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- Planning Commission, India
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