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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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Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
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- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- GMR Energy Limited - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- MS Steel International - UAE
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- PTC India Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
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