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Wednesday, 20 October 21
OVER-RELIANCE ON COAL IN OUR POWER MIX HURTING INDIA - LIVEMINT
In spite of the renewables push, coal still accounts for about 50% of India’s installed power capacity. That means a simultaneous demand and supply shock, as happening now, can disrupt power generation.
The current shortage of coal is raising the spectre of long power outages. At a broader level, the crisis also underscores India’s overwhelming dependence on coal to meet its energy needs, the significant push towards renewables notwithstanding. As of September 2021, thermal power— power generated from burning coal, gas and petroleum—comprised 60% of India’s installed capacity in power generation. Coal alone accounted for nearly 50%. By comparison, renewable sources such as wind and solar energy and biomass accounted for 26%.
European countries lead the way in renewable sources, which are more sustainable and environment-friendly. Germany, for example, drew 44% of its electricity from renewables in the first half of 2021. For India, that figure was just 10% in 2019-20, against the installed capacity share of 26%. While installed capacity represents the maximum amount of electricity that can be generated, the actual amount generated from renewables is lower due to their erratic nature. For instance, lack of sufficient wind on a given day would lead to lower energy produced from wind turbines.
While India is expected to tide over the current coal shortage, the only way it can secure its longer-term energy security is by ramping up production from renewables. However, in the medium term, it is also imperative to upgrade infrastructure at coal mining facilities, and open up existing mines to the private sector for mining to augment the supply of coal. Failure to do so will leave it vulnerable to imbalances in supply—and have deleterious trickle-down effects, as being seen now.
Supply Crunch
Coal production has picked up in the current financial year and exceeds pre-pandemic levels. In the six-month period from April to September 2021, India produced 315 million tonnes of coal, a 5.5% increase over the corresponding period of 2019 (pre-pandemic). However, there has been a secular stagnation in coal production since 2017, with the rise in production not keeping pace with increasing demand.
State-owned Coal India dominates coal production in the country, accounting for about 85% of the coal produced in the first six months of 2021-22. In addition to domestic production, India imports nearly 25% of its coal requirement. Coal imports too had fallen sharply in 2020-21, due to supply shortages and the ensuing increase in global coal prices. In a move that will enhance imports, the Centre has ordered thermal power producers to import coal for at least 10% blending in their fuel, citing a shortage of domestic supply.
Production Woes
There is, currently, a crippling shortage of coal at thermal power plants. At an all-India level, the normative stock of coal required across all power plants is 39.7 million tonnes. However, the coal stock available on 15 October with these plants stood at 7.5 million tonnes, or about 19% of the stock required, according to the Central Electricity Authority. That same day, as many as 104 of the 135 coal-based plants in India had less than five days’ stock of coal remaining, which is deemed to be ‘critical’ for plants that are located near a coal mine.
The shortage is stark across states in all regions. The northern region, which is distant from most coal-producing regions, is the worst-affected, with around 91% of thermal plants facing shortages. By comparison, the western region, which includes mineral-rich Chhattisgarh, is slightly better off, with the coal shortage affecting around 74% of power plants there.
Price Spikes
The current concern regarding coal supplies has led to a spike in electricity costs. The supply arrangement in India is that distribution companies, mostly state-owned, enter into direct purchase agreements with power producers. In the event that producers are unable to fulfil their commitments, or demand exceeds contracted supply, distribution companies buy from sellers in the open market.
Data from the Indian Energy Exchange (IEX), a marketplace for short-term electricity trading in India, shows that electricity prices rose nearly five-fold over the past month in reaction to news regarding the impending shortage of coal. Considering that end prices paid by consumers remained fixed, distribution companies, which are already in a precarious financial position, were forced to bear the brunt of this higher price. Although rates have slid back to normal levels again, this upheaval is a grim reminder of the centrality of coal in India’s power mix and why this needs to change.
Source: Livemint
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Thursday, 25 March 21
'OMNIBUS LAW' REGULATION ON INDONESIA’S ENERGY AND MINING SECTORS TO BOOST COAL PROCESSING BUT ALSO RAISES QUESTIONS - ABNR
February 2021 saw the issuance of a raft of new government regulations to give effect to the reformist Job Creation Law (colloquially known as the ...
Thursday, 25 March 21
PROPOSED SWITCH FROM COAL TO LNG THREATENS RENEWABLE ENERGY DEVELOPMENT IN ASIA - IEEFA
Renewables offer an ever cheaper, financially sustainable and energy secure alternative, better able to support developing nations
A ...
Thursday, 25 March 21
MAJOR INVESTMENT ADVISORS BLACKROCK AND MEKETA PROVIDE A FIDUCIARY PATH THROUGH THE ENERGY TRANSITION - IEEFA
BlackRock and Meketa say divestment from fossil fuels improves, not weakens, investment returns
Two major financial management firms ...
Thursday, 25 March 21
EUROPE PASSES MILESTONE WITH HALF OF COAL PLANTS CLOSED OR SET TO RETIRE BY 2030 - EURACTIV
Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) ...
Wednesday, 24 March 21
MARKET INSIGHT - INTERMODAL
Since the start of the pandemic, the shipping industry has efficiently responded to ensure the continuity of operations and hence the security of s ...
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- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
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- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
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- Pipit Mutiara Jaya. PT, Indonesia
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- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
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- Economic Council, Georgia
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- Eastern Energy - Thailand
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- IEA Clean Coal Centre - UK
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- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
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- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
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- Coal and Oil Company - UAE
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- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
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- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
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- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
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- San Jose City I Power Corp, Philippines
- Australian Coal Association
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- Energy Link Ltd, New Zealand
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- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
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- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Planning Commission, India
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- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
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- Bhoruka Overseas - Indonesia
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- Sojitz Corporation - Japan
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- PTC India Limited - India
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- Minerals Council of Australia
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- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
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- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
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- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
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- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
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- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
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- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
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- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
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- VISA Power Limited - India
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- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
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- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
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