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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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Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...
Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...
Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...
Thursday, 26 April 18
COAL PRICES ARE EXPECTED TO AVERAGE $85/MT IN 2018, DOWN SLIGHTLY FROM 2017 - WORLD BANK
Coal prices rose 4 percent in the first quarter (q/q), following a surge of 34 percent in 2017, mainly due to strong consumption in China spurred b ...
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- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
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