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Wednesday, 29 August 18
MID-YEAR FY19 POWER OUTLOOK: IMPORTED COAL REQUIREMENT TO INCREASE DURING REMAINING FY19: IND-RA
 India Ratings and Research (Ind-Ra) has maintained a stable-to-negative outlook on the Indian power sector for the remaining FY19, despite a rise in electricity demand and an increase in short-term prices.
According to a post published on Ind-Ra's website, the stable-to-negative outlook continues to reflect Ind-Ra’s expectation of a continued low plant load factor of 60.0%-62.0% of coal-based thermal power plants over the rest of FY19, because of large capacity additions in the past five years and domestic coal availability challenges. Ind-Ra expects India’s dependence on thermal power generation to remain high in the absence of any substantial improvement in power generation from other sources.
The agency has maintained a Stable Outlook on most of its rated power sector entities for the rest of FY19, as the agency expects the entities to continue to manage fuel and counterparty risks on account of a favourable tariff mechanism, a comfortable liquidity position and support from central and state governments.
Ind-Ra expects the dependence on coal-based power generation to continue despite a likely increase in capacity addition in the renewable segment, as capacity addition is low on an equivalent thermal basis owing to the low plant load factor in the renewable segment.
Given Ind-Ra’s expectation of healthy power demand growth in the rest of FY19 and thermal power capacity contributing to the required growth, coal availability becomes a key determinant for required power demand growth. Considering the historical growth rate of domestic non-coking coal production and offtake, Ind-Ra estimates imported coal requirement to increase to 62.0 million tonnes in FY19 from 56.0 million tonnes in FY18 to meet incremental power generation. Hence, there could be higher imported coal usage in FY19 than that in FY16-FY18, when imported coal usage declined. According to Ind-Ra, in a scenario of lower-than-required growth in domestic coal output, short-term power prices would remain firm and are likely to be determined by the marginal cost of energy production undertaken using imported coal.
Ind-Ra estimates project internal rate of returns to decline to a single-digit level in view of the recent aggressive bidding for wind power projects. Ind-Ra believes a high un-hedged forex exposure from the depreciating Indian rupee further lowers projects’ internal rate of returns. Moreover, access to the banking system may tighten, in case bidding continues to remain aggressive.
Solicitation Disclosures
Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan or security or any issuer. Please also refer Ind-Ra’s Disclaimer
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Tuesday, 25 September 18
THE INCONVENIENT TRUTH OF RISING COAL PRICES - FORBES
Coal prices are not supposed to be rising as governments tighten environmental controls but that’s precisely what is happening at the premium ...
Saturday, 22 September 18
SHIPOWNERS URGENTLY NEED A FUEL-MANAGEMENT PLAN - METTE KRONHOLM FRAENDE, BIMCO
With the majority of ship operators expected to choose low-sulphur fuel over scrubbers to comply with the new IMO sulphur cap regulation, all eyes ...
Saturday, 22 September 18
GERMANY'S MOVE TO SCRAP COAL WILL COST TAXPAYERS - BRIAN PARKIN | WILLIAM WILKES
Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine th ...
Saturday, 22 September 18
FITCH RATINGS: WORLD GROWTH FORECAST CUT ON US-CHINA TRADE BATTLE
Protectionist US trade policies have now reached the point where they are materially affecting what remains a strong global growth outlook, with th ...
Tuesday, 18 September 18
COOLING OUTLOOK FOR COAL - KATE JONES
At a time of increasing focus on the renewables market as the world seeks to clean up its act to prevent climate change, what is the outlook like f ...
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Showing 1611 to 1615 news of total 6871 |
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- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Central Java Power - Indonesia
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
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