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Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
 
Surge in coal imports has now forced Coal India Ltd (CIL) to start meeting power producers individually from today and find ways to help them reduce their dependence on imports, DNA reported.
 
According to DNA, "ln order to reduce imports, as advised by Ministry of Coal, one-to-one meeting shall be held with coal consumers for substitution of coal import in 2019-20," Coal India recently communicated to all those consumers, including power plants which have been importing coal.
 
Discussions would also be held with those who are even contemplating imports in the current financial year, CIL officials said.
 
DNA further noted that, India's coal and coke imports during 2018-19 grew 8.83% to 233.56 million tonne (mt) compared to 214.61 mt imported in fiscal 2018, as per import data from 31 major and non-major ports.
 
Imports of thermal coal, mainly used in power generation, were up 13.25% at 164.21 mt in the last fiscal against 144.99 mt in the previous year, while coking coal import remained flat at 47.73 mt.
 
In March, thermal coal imports were 14.10 mt, against 13.53 mt in February 2019, said DNA.
 
"Representatives of all the power utilities who are currently importing coal and or planning to import coal in FY20 are requested to make it convenient to attend the meeting," the CIL communique said.
 
CIL has been trying to encourage import substitution with domestic supplies at power plants, which so far hasn't been successful as imports have continued.
 
"It is learnt that some of the power plants having Fuel Supply Agreements with Coal India have not utilised this opportunity and are importing coal. Therefore, it is again requested that these power plants may apply to the marketing division of CIL for sourcing of domestic coal as a substitute for import by road mode from sources where coal is available with CIL," a letter issued by the mining major's marketing department in February said.
 
The initiative started in September of 2018 when coal as well as power secretaries started meeting with power producers to devise strategies to reduce
 
STEMMING THE TIDE
  • Discussions would also be held with those who are even contemplating imports in the current financial year  
  • India's coal and coke imports during 2018-19 grew 8.83% to 233.56 million tonne compared to 214.61 mt imported in fiscal 2018


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Recent News

Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.   ...


Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...


Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. ...


Tuesday, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
On the 12th of May four tankers were attacked near the coast of Fujairah.  The tankers hit were waiving international flags such as that of No ...


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