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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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Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- The University of Queensland
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- VISA Power Limited - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
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