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Thursday, 23 December 21
COAL DEMAND TO PEAK IN INDIA BY 2030, WILL BACK UP RENEWABLES: NITI REPORT - BUSINESS STANDARD
Coal will remain India’s mainstay energy source and the country will shape global demand this decade, two reports have said a month after the government declared ambitious targets for being a Net Zero economy in 50 years and 500 Gw of renewable energy capacity addition.
NITI Aayog, the central government’s think tank, said in a report coal demand will be in the range of 1192-1325 million tonne by 2030, led by usage from the electricity sector. The International Energy Agency (IEA), in its annual coal report said, stronger economic growth and increasing electrification will drive demand growth of 4 per cent per year.
Coal-based utility electricity generation capacity in India is likely “to peak at about 250 GW” by the end of this decade or immediately thereafter, said the NITI report. It added that coal-based utility electricity generation in India will slow down, and is likely to peak a few years later, i.e. later 2040.
IEA said iron and steel production use coal and there are not many technologies to replace the fuel immediately. “India’s growing appetite for coal is set to add 130 million tonnes (Mt) to coal demand between 2021 and 2024. Continued expansion of India’s economy is expected during 2022-2024, with annual average GDP growth of 7.4 per cent, fuelled at least partially by coal. We forecast coal consumption to increase at an average annual rate of 3.9 per cent, to reach 1185 Mt in 2024,” IEA’s Coal 2021 report said.
It said India’s push to domestic coal mining through both Coal India and auction of coal blocks to private companies, coal usage in India will increase as it plateaus in other parts of the world, including China. It also said India is set to overtake China as the world’s largest metallurgical coal importer.
The NITI report said while coal-based thermal power generation will grow in absolute terms for the next decade, its share in the total power generation mix of the country will decline to a 50-55 per cent (from current 72 per cent) in the next 10 years. This, it said would be due to the changing capacity mix with increasing share of renewable energy.
On November 1, at Glasgow global climate summit COP26, Prime Minister Narendra Modi announced India will be a Net Zero economy by 2070 and will have 500 Gw of renewable energy by 2040.
This paper reported had reported, this announcement is unlikely to put pressure on coal.
Senior government officials told Business Standard, Net Zero decision actually provides certainty to investors in coal – both state owned Coal India Limited (CIL) and private captive and commercial coal miners.
“The 1 billion tonne coal production target of CIL will get logged into the economy in this decade. For another 20-30 years the future of coal is secure in India. The mines awarded now have a clear business case to run for their lifetime,” said an official requesting anonymity.
Even IEA noted in its report, the pledges to reach net zero emissions made by many countries, including China and India, should have very strong implications for coal – “but these are not yet visible in our near-term forecast, reflecting the major gap between ambitions and action.”
NITI Aayog cautioned against the target versus achievement of renewable energy in India. “India is unlikely to achieve its target of 100 GW of solar and 60 GW of wind capacity by 2022. Given the current “surplus capacity” in the system, distribution utilities are reluctant to sign fresh power purchase agreements, given their already distressed financial situation. Investments are likely to be constrained following the COVD-19 pandemic. For all these reasons, the development of the renewables sector needs to be tracked carefully.”
“They should also be very cautious of adding new coal capacity beyond 2030 as it risks locking in resources. India must enhance investments in the deployment of clean coal technologies throughout the coal value chain. Government power utilities must show the way by investing in the deployment of advanced clean coal technologies,” it said.
Source: Business Standard
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Friday, 04 February 22
RENEWABLES ON THE RISE, COAL CONTINUOUSLY FALLING - EUROPEAN COMMISSION
Although oil (34.5%) and natural gas (23.7%) were still the most important fuel sources in the EU energy mix in 2020, renewable energy’s shar ...
Thursday, 03 February 22
COAL SHORTAGE NOW AT ALARMING LEVELS, SAY ALUMINIUM PRODUCERS - IANS
With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Alumi ...
Wednesday, 02 February 22
HIGH COKING COAL PRICES PROVIDE GLIMPSE INTO STEELMAKING'S FUTURE - MCKINSEY
Last year was a volatile one in global commodity markets. Demand for coking coal, an essential raw material in the production of steel, was extreme ...
Wednesday, 02 February 22
INDONESIA'S RESTRICTIONS ON COMMODITIES RATTLE MARKETS, MORE MOVES LIKELY - REUTERS
In just the first month of this year, Indonesian policymakers have rattled global markets with restrictions on some of its biggest commodities expo ...
Wednesday, 02 February 22
CHINA'S TOP COAL PRODUCER FORECASTS 28 PCT PROFIT GROWTH IN 2021 - XINHUA
China Shenhua Energy Company Limited, one of the country’s biggest coal producers, said its net profits are expected to jump by 28 percent in ...
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- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
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