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Tuesday, 12 May 20
INDIA'S COAL PRODUCTION TO CLOCK RECORD 700 MILLION TONNES IN FY21: COAL SECRETARY - PTI
 Coal Secretary Anil Jain said FY20 coal production was lower than the target of 660 million tonnes because of flooding of a key coal mine.
India will produce a record 700 million tonnes of coal in the current fiscal ending March 2021, helping cut down on imports, Coal Secretary Anil Jain said.
India produced 602.14 million tonnes of coal in 2019-20 fiscal, marginally lower than 606 million tonnes output in the previous year.
“We are on track to producing 700 million tonnes of coal in 2020-21 fiscal,” Jain told PTI in an interview.
This record output will help stop most of substitutable coal imports, he said.
India imports 235 million tonnes of coal annually. About half of this is non-substitutable as they are tied to the power plant or user factories, but the rest can be cut down, he said.
“We will able to cut substitutable coal imports with this rise in production,” he said.
Prime Minister Narendra Modi has set a target to expand the country’s economy to USD 5 trillion by 2024, from USD 2.9 trillion currently, and reducing energy imports and harnessing domestic resources are key to meeting that goal.
To meet the import reduction goal, state miner Coal India Ltd is targeting to raise its annual output to 1 billion tonnes by fiscal year 2024.
Jain said FY20 coal production was lower than the target of 660 million tonnes because of flooding of a key coal mine.
Power plants, which are key coal users, have stocks as high as 30-days due to the coronavirus lockdown, he said.
The lockdown shut factories and offices, slashing electricity demand by about a quarter, thus affecting the use of coal and causing inventories to swell to record levels.
Coal India Ltd has stocked up a record 75 million tonnes at its mines while power station inventories have surged to 44.7 million tonnes, the highest in data going back to 2008.
The combined inventories are more than the two-month average of production at Coal India last fiscal.
The demand for coal, he said, will pick up again after the lockdown is lifted. Jain said coal production in April was about 40 million tonnes, down from 45 million tonnes a year back.
Coal’s share in India’s electricity generation is estimated to come down to 50 per cent by 2030 from about 72 per cent now.
Source: PTI
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Friday, 18 September 20
INDIA'S COAL-FIRED POWER OUTPUT PICKS UP AS INDUSTRIAL USE RISES - REUTERS
India’s coal-fired electricity generation rose 9.4% in the first half of September, provisional government data showed, as demand from indust ...
Friday, 18 September 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 17 September 20
LAST HOPES FOR DEMAND GROWTH SET TO DISAPPOINT THERMAL COAL EXPORTERS - IEEFA
Asian thermal coal exporters are fighting an uphill battle even in new markets
The world’s largest thermal coal exporter is eyeing new m ...
Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction ...
Friday, 11 September 20
IMO 2020: A REVIEW OF THE TRANSITION TO VLSFOS - GARD
KNOWLEDGE TO ELEVATE
Many predictions were made in the run up to the imposition of the MARPOL 2020 sulphur cap, none of which was that the tra ...
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- Madhucon Powers Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
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- Billiton Holdings Pty Ltd - Australia
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- Global Green Power PLC Corporation, Philippines
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- Chamber of Mines of South Africa
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- The Treasury - Australian Government
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- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Australian Coal Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- SN Aboitiz Power Inc, Philippines
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- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
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- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
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- Pipit Mutiara Jaya. PT, Indonesia
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- Maheswari Brothers Coal Limited - India
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- Indian Oil Corporation Limited
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- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
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- Attock Cement Pakistan Limited
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- Kapuas Tunggal Persada - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
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- Ministry of Mines - Canada
- Indogreen Group - Indonesia
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- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
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- Economic Council, Georgia
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- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
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- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
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- GVK Power & Infra Limited - India
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- Standard Chartered Bank - UAE
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