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Friday, 17 October 14
INTERNATIONAL COAL PRICES ARE AT LOWEST LEVEL; COAL STOCKS AT INDIAN POWER PLANTS ARE ALSO AT LOWEST LEVEL
 International coal prices as well as coal freights are falling and reaching to its lowest levels. According to PTI, fuel stockpiles at the thermal power stations hit a new low in 25 years at 7.2 million tonnes, as Coal India and its subsidiaries failed to meet their production targets, as per latest official data.
According to latest data (October 13) by the Central Electricity Authority, total fuel stocks at 103 coal-based stations have come down to 7.2 million tonnes. This 7.2 million tonnes comprise 6.58 million tonnes of indigenous coal and 706 tonnes of imported fuel, PTI said.
"This is the lowest in 25 years. The last time it hit a low was in 2010 when it was 7.8 million tonnes," an official in the Ministry of Power told PTI.
"Coal India's production is not in line with the demand of the power sector and its subsidiaries NCL (Northern Coalfields Ltd), (Central Coalfields Ltd) etc are not producing coal as per their respective targets," the official said when asked about the reason for low stock piles.
According to PTI report, as many as 61 thermal power stations are grappling with critical coal shortage with less than a week's stock at their disposal. The country's largest thermal power producer NTPC is battling with 0-1 day of stocks at some of its plants.
The company's generating stations with nil stocks include Indira Gandhi thermal plant in Haryana, Rihand, Singrauli and Tanda in Uttar Pradesh and Vindhayachal in Madhya Pradesh, CEA data said.
According to the official, NTPC is generating lesser than full capacity at some of these power plants.
Of the 61 plants with less than seven days of fuel stocks left, 36 stations are reeling under acute shortage with less than four days of stockpiles at their disposal.
Asked when the situation will improve, the official said that it could be in a couple of weeks because of improvement in weather. The power demand will come down as winters are approaching and this will reduce the impact of low stocks, as quoted by PTI.
He added that the real solution lay with the Coal India which will have to meet its production targets and increase its capacity.
CEA, the techno-economic clearance body under the Ministry of Power, is also engaged in setting generation targets and other milestones for the power utilities.
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Wednesday, 22 October 14
CAPESIZE MARKET REMAINED UNDER PRESSURE
COALspot.com: The Dry Bulk market closed on the red for yet another week although following Friday sentiment has started to improve on the back of ...
Tuesday, 21 October 14
INDIA'S DIESEL DEREGULATION POSITIVE FOR OIL COMPANIES - FITCH
The Indian government's 18 October decision to deregulate diesel prices will have a positive effect on the national oil marketing companies tha ...
Tuesday, 21 October 14
LOW DEMAND PUTTING COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost on day, week and month.
The swap has lost US$ 1.57 (-3.04%) month on month ...
Monday, 20 October 14
CHINA'S ENVIRONMENTAL POLICIES DO NOT SPELL THE END FOR COAL - WOOD MACKENZIE
China's environmental policies do not spell the end for coal Analysis across energy commodities show coal still accounting for 64% of power mix ...
Monday, 20 October 14
CFR SOUTH CHINA COAL SWAPS FAILED TO PERFORM POSITIVE
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 3.04 (-4.57%) month over month and US$ 1.75 (-2.68%) week o ...
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- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
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- Chamber of Mines of South Africa
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