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Thursday, 21 June 18
INDIAN GOVERNMENT ADMITS COAL SHORTAGE, ASKS DISCOMS TO IMPORT - TIMES OF INDIA
Times of India reported that the power ministry has advised all state governments and private power distribution companies to import coal as Coal India was unable to meet the growing demand. To add to problems, there was also a shortage of rail rakes to evacuate coal. The advisory comes in the wake of states demanding more coal to run their thermal units in face of growing demand.
In Tamil Nadu, power demand shot up by 2383MW this summer. If Tangedco is to import five million tonnes of coal to meet the shortage, it would cost the state discom around USD 5,000, said officials.
Across the country, hydro power generation came down this summer because of low water level in reservoirs, mostly in the Himalayan states. It was after the NDA government took charge, the power ministry asked all government discoms to stop importing coal. Tamil Nadu alone was importing 5.5 crore tonnes to meet its demand in all thermal units.
Mr Ghanshyam Prasad power ministry chief engineer in a letter to all discoms said that “The power ministry, in coordination with ministry of railway and ministry of coal, has been closely monitoring coal supply to thermal units. During 2017-18, we faced acute shortage. Coal stock in power stations depleted to 7.26 million tonnes in October 2017.”
The coal consumption during April 2018 increased by 3.9% compared this year. Mr Prasad said that “The hydro generation has also come down by 26% in April as compared to last year. In the coming months too, hydro generation will be less due to low storage level in reservoirs.”
Mr Vikram Kapur chairman of Tangedco said that “Importing coal has helped us not just in meeting the huge summer demand without interruption, but also to gradually build up buffer stock for nearly seven days of consumption.”
Tangedco started importing coal regularly from 2004-05. A Tangedco coal wing official said that “It requires 26 million tonnes of coal for full capacity generation of North Chennai, Mettur, Ennore and Tuticorin thermal units. Of this, 20.445 million tonnes of coal is met by indigenous stock and the balance 5.50 million tonnes is being imported.”
The imports started in 2004-05 at one million tonne but as the demand for power increased and more thermal units were commissioned, the amount of coal imported also increased. In 2016, Coal India Limited requested Tamil Nadu government to advise Tangedco to stop imports and use indigenous coal available with CIL.
The official said that “Following this, the Union ministry of coal convened a meeting in New Delhi, where CIL, in principle, agreed to provide the additional five million tonnes to Tangedco, whenever it required the entire quantity.” Mr Kapur said that “It is back to square one and we have started to import coal.”
Source : TIMES OF INDIA
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Thursday, 21 June 18
ROBUST ASIAN THERMAL COAL DEMAND CREATES OPPORTUNITIES FOR AUSTRALIA - MINERALS COUNCIL OF AUSTRALIA
Minerals Council of Australia reported, Australia’s world-class coal mining industry can create more jobs in Australia and strengthen t ...
Thursday, 21 June 18
CHINESE REDUCED COAL IMPORT RESTRICTIONS - CAIXIN GLOBAL
Caixin Global reported that the Chinese government has reduced restrictions on coal imports at the nation’s major ports in response to concer ...
Tuesday, 19 June 18
WCA RESPONDS TO BP STATISTICAL REVIEW OF WORLD ENERGY 2018
Responding to BP’s Statistical Review of World Energy 2018, Benjamin Sporton, Chief Executive of the World Coal Association (WCA) said, &ldqu ...
Wednesday, 13 June 18
U.S. COAL PRODUCTION TO DECLINE BY 2% TO 756 MILLION SHORT TONS MMST IN 2018 - EIA
EIA forecasts U.S. coal production to decline by 2% to 756 million short tons (MMst) in 2018.
According to EIA's Short-Term Ener ...
Wednesday, 13 June 18
SHIPPING MARKET INSIGHT - SOPHIE COTZIAS
2018 marks quite a few milestones for Greek Shipping. No need to detail again the greatness of Greek Shipping or the singular position that Greek s ...
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Showing 1696 to 1700 news of total 6871 |
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- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
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- Global Business Power Corporation, Philippines
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- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
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