COALspot.com keeps you connected across the coal world
  • JANAURY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 75.84 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Saturday, 05 September 20
INDIA WON'T KICK ITS COAL HABIT SO EASILY - HINDU BUSINESS LINE
India has traditionally considered itself lucky to have been endowed with abundant coal reserves, which it has sought to use to meet its energy needs through large coal-fired power plants. Even as this is considered an ongoing story by official agencies, the power plants are making a momentous shift.
 
The impetus for change has come not from within India but outside. Global financiers and multilateral agencies are under increasing pressure from stakeholders to shun fossil fuels and embrace clean energy, and have been refashioning their investment policies. Since money talks like nothing else does, Indian energy producers are rapidly changing track and falling in line. Tata Power has stated this explicitly. Foreign lenders are refusing to fund thermal capacities even as they make available large funds for renewable energy.
 
Focus on renewables
 
The change is reflected by JSW Energy. It had earlier planned to become a 10 GW company in three-five years with a mix of thermal and renewable energy. But the new goal is to achieve this target entirely with renewable energy.
 
Adani Enterprises was the first private power producer to announce a significant shift to renewable energy. Group chief Gautam Adani said in January that the energy vertical of the group would allocate 70 per cent of its capex budget for clean energy and energy-efficient systems. The new target set for the group is 25 GW capacity — and perhaps more importantly, carbon neutrality — by 2025.
 
India’s largest power producer, public sector NTPC, has also set for itself similar twin goals. Twelve is an important number for the company — it first ventured into renewable energy in 2012. And in another 12 years from now, by 2032, it wants to more than double its capacity to 130 GW. Most importantly, 30 per cent of this will have non-fossil feedstock.
 
Public sector NHPC has just awarded a 2 GW solar power tender at a super low rate of ₹2.55 per unit (kWh), fixed flat for 25 years! Those who won the tender have behind them financiers like SoftBank of Japan, Temasek of Singapore and Brookfield of Canada.
 
The way ground realities are changing has made the Institute for Energy Economics and Financial Analysis (IEEFA) ask dramatically whether there will be anyone around to still fund a new coal power plant in India. This is because renewable energy is both cheaper and cleaner.
 
While those taking individual investment decisions will be influenced by the former, those tasked with having to make the balance sheet for the country will find the scales tilted by the latter, which will include the health cost of carbon emission and global warming. Reflecting this reality, in 2019-20 renewable energy delivered 9.39 GW of new generating capacity, which was two-third of the total addition.
 
A remarkable change in energy policy has been signalled. India’s national electricity plan of 2018 envisaged 70 GW of new coal-fired power plants, installed by 2026-27 with $70 billion in investment. On the other hand, Prime Minister Narendra Modi has outlined a new vision — ‘One Sun, one world, one grid’. It foresaw a single globally-connected electricity grid driven by the ever-lower cost of renewable energy.
 
Renewable energy, mainly wind and solar, cannot be cost-effectively stored in scale. It gets over this problem by connecting to an international grid that helps a country overcome the mismatch between peak demand and peak output. When daylight enables India to produce excess power, it is able to export via the global grid power to countries which have to meet peak evening demand.
Coal still in play
 
But that is a distant vision. The present scenario is more prosaic and some current actions decidedly questionable. In an attempt to end the monopoly of the public sector in the mining of coal for commercial sale (not own use), the government is auctioning 40 coal mines for which private companies (even foreign ones) can bid. Modi described the change as bringing coal out of “decades of lockdown”.
 
But the Jharkhand government, where several of the mines to be auctioned are located, has moved the Supreme Court, arguing that it will as a result lose vital forest cover and displace tribal communities. It seems the way the auctions are designed will also mean low revenues for coal-mining States. The Centre’s argument? The policy is aimed at increasing coal availability rather than maximising government revenues.
 
India continues to import coal, even though its supply of renewable energy is rising rapidly; in 2019-20, coal imports actually rose. How successful the auctions will be is unknown. The deadline for submitting technical bids had to be extended.
 
Critically, the tender terms do not require bidders to have any prior experience in coal mining, raising fears that it will attract fly-by-night operators. The IEEFA said India, which seeks to improve the efficiency and productivity of its mining sector, hardly needs “rogue operators” who will “inevitably” take “short cuts” which will have “severe consequences”.
 
Thus, though renewable energy is having a good day in India, it will be difficult for the country to kick the addiction to coal and the journey ahead will be full of ups and downs.
Source: The Hindu Business Line


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 13 January 21
CHINA THERMAL GENCO PROFITS FACE PRESSURE AMID POWER SHORTAGES - FITHCH WIRE
High coal and gas prices will put near-term pressure on margins for thermal power generators in China, says Fitch Ratings. However, the power short ...


Wednesday, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...


Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021   Medium-term outlook is less favourable although demand declines are expected to be subtle ...


Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN),  on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...


Friday, 08 January 21
INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive Although one of the top 10 solar module producers in the world, India ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6204
News by Category
Popular News
 
Total Members : 27,251
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Humpuss - Indonesia
  • BRS Brokers - Singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • JPower - Japan
  • Meralco Power Generation, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • CIMB Investment Bank - Malaysia
  • Panama Canal Authority
  • McConnell Dowell - Australia
  • Jorong Barutama Greston.PT - Indonesia
  • World Coal - UK
  • Bukit Baiduri Energy - Indonesia
  • SRK Consulting
  • The State Trading Corporation of India Ltd
  • Gresik Semen - Indonesia
  • Marubeni Corporation - India
  • Commonwealth Bank - Australia
  • Singapore Mercantile Exchange
  • EMO - The Netherlands
  • World Bank
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Pinang Coal Indonesia
  • Bulk Trading Sa - Switzerland
  • Semirara Mining and Power Corporation, Philippines
  • Cigading International Bulk Terminal - Indonesia
  • Reliance Power - India
  • Tanito Harum - Indonesia
  • Indonesia Power. PT
  • Arutmin Indonesia
  • Vitol - Bahrain
  • Mitsubishi Corporation
  • CESC Limited - India
  • Lafarge - France
  • Mjunction Services Limited - India
  • Malabar Cements Ltd - India
  • Petrosea - Indonesia
  • Runge Indonesia
  • GMR Energy Limited - India
  • Core Mineral Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Heidelberg Cement - Germany
  • Sindya Power Generating Company Private Ltd
  • SASOL - South Africa
  • Thriveni
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • European Bulk Services B.V. - Netherlands
  • Georgia Ports Authority, United States
  • MEC Coal - Indonesia
  • Bhoruka Overseas - Indonesia
  • Goldman Sachs - Singapore
  • Uttam Galva Steels Limited - India
  • Africa Commodities Group - South Africa
  • Straits Asia Resources Limited - Singapore
  • Sucofindo - Indonesia
  • Jindal Steel & Power Ltd - India
  • Sical Logistics Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • VISA Power Limited - India
  • Simpson Spence & Young - Indonesia
  • South Luzon Thermal Energy Corporation
  • Inco-Indonesia
  • Total Coal South Africa
  • WorleyParsons
  • San Jose City I Power Corp, Philippines
  • Platou - Singapore
  • Thiess Contractors Indonesia
  • Mechel - Russia
  • TRAFIGURA, South Korea
  • Eastern Energy - Thailand
  • Cemex - Philippines
  • Sojitz Corporation - Japan
  • MS Steel International - UAE
  • Parry Sugars Refinery, India
  • Inspectorate - India
  • Therma Luzon, Inc, Philippines
  • ANZ Bank - Australia
  • Star Paper Mills Limited - India
  • Cargill India Pvt Ltd
  • Tata Chemicals Ltd - India
  • Mitra SK Pvt Ltd - India
  • Thermax Limited - India
  • IOL Indonesia
  • BNP Paribas - Singapore
  • Price Waterhouse Coopers - Russia
  • Global Business Power Corporation, Philippines
  • Coal Orbis AG
  • Coal and Oil Company - UAE
  • NTPC Limited - India
  • Sarangani Energy Corporation, Philippines
  • Kobe Steel Ltd - Japan
  • Asmin Koalindo Tuhup - Indonesia
  • Maybank - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Cosco
  • Siam City Cement PLC, Thailand
  • PetroVietnam Power Coal Import and Supply Company
  • Oldendorff Carriers - Singapore
  • Tamil Nadu electricity Board
  • Adaro Indonesia
  • Carbofer General Trading SA - India
  • Freeport Indonesia
  • TGV SRAAC LIMITED, India
  • Shenhua Group - China
  • Posco Energy - South Korea
  • Australian Coal Association
  • Holcim Trading Pte Ltd - Singapore
  • Makarim & Taira - Indonesia
  • GNFC Limited - India
  • Meenaskhi Energy Private Limited - India
  • McKinsey & Co - India
  • Maruti Cements - India
  • Miang Besar Coal Terminal - Indonesia
  • Indonesian Coal Mining Association
  • Iligan Light & Power Inc, Philippines
  • Barasentosa Lestari - Indonesia
  • SUEK AG - Indonesia
  • Karaikal Port Pvt Ltd - India
  • TeaM Sual Corporation - Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • Surastha Cement
  • Indo Tambangraya Megah - Indonesia
  • Bangladesh Power Developement Board
  • Sinarmas Energy and Mining - Indonesia
  • Samtan Co., Ltd - South Korea
  • Central Java Power - Indonesia
  • RBS Sempra - UK
  • Borneo Indobara - Indonesia
  • SMG Consultants - Indonesia
  • Ince & co LLP
  • Vijayanagar Sugar Pvt Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Moodys - Singapore
  • Jaiprakash Power Ventures ltd
  • Coalindo Energy - Indonesia
  • Ministry of Transport, Egypt
  • Coeclerici Indonesia
  • PNOC Exploration Corporation - Philippines
  • JPMorgan - India
  • Eastern Coal Council - USA
  • Videocon Industries ltd - India
  • Kobexindo Tractors - Indoneisa
  • TNPL - India
  • HSBC - Hong Kong
  • Metalloyd Limited - United Kingdom
  • Xstrata Coal
  • Geoservices-GeoAssay Lab
  • Berau Coal - Indonesia
  • TANGEDCO India
  • Idemitsu - Japan
  • Neyveli Lignite Corporation Ltd, - India
  • Japan Coal Energy Center
  • PetroVietnam
  • ICICI Bank Limited - India
  • Coal India Limited
  • Ministry of Finance - Indonesia
  • Energy Link Ltd, New Zealand
  • Rashtriya Ispat Nigam Limited - India
  • KPCL - India
  • Jatenergy - Australia
  • Altura Mining Limited, Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Ambuja Cements Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • Dalmia Cement Bharat India
  • Sree Jayajothi Cements Limited - India
  • GB Group - China
  • Madhucon Powers Ltd - India
  • Permata Bank - Indonesia
  • Lanco Infratech Ltd - India
  • ETA - Dubai
  • Wood Mackenzie - Singapore
  • Indika Energy - Indonesia
  • UBS Singapore
  • GAC Shipping (India) Pvt Ltd
  • Kaltim Prima Coal - Indonesia
  • NALCO India
  • KEPCO - South Korea
  • GN Power Mariveles Coal Plant, Philippines
  • Chettinad Cement Corporation Ltd - India
  • KOWEPO - South Korea
  • Planning Commission, India
  • Petrochimia International Co. Ltd.- Taiwan
  • Kideco Jaya Agung - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Intertek Mineral Services - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Gujarat Electricity Regulatory Commission - India
  • Tata Power - India
  • Cebu Energy, Philippines
  • PLN Batubara - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Sakthi Sugars Limited - India
  • U S Energy Resources
  • Anglo American - United Kingdom
  • Kapuas Tunggal Persada - Indonesia
  • London Commodity Brokers - England
  • Enel Italy
  • PTC India Limited - India
  • Deutsche Bank - India
  • Vedanta Resources Plc - India
  • TNB Fuel Sdn Bhd - Malaysia
  • ACC Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Mintek Dendrill Indonesia
  • White Energy Company Limited
  • Kalimantan Lumbung Energi - Indonesia
  • Barclays Capital - USA
  • Peabody Energy - USA
  • Coastal Gujarat Power Limited - India
  • OCBC - Singapore
  • Aditya Birla Group - India
  • Riau Bara Harum - Indonesia
  • Essar Steel Hazira Ltd - India
  • Antam Resourcindo - Indonesia
  • Bhatia International Limited - India
  • Ind-Barath Power Infra Limited - India
  • Baramulti Group, Indonesia
  • SN Aboitiz Power Inc, Philippines
  • CoalTek, United States
  • Leighton Contractors Pty Ltd - Australia
  • The India Cements Ltd
  • Merrill Lynch Commodities Europe
  • J M Baxi & Co - India
  • Ernst & Young Pvt. Ltd.
  • SGS (Thailand) Limited
  • Malco - India
  • Salva Resources Pvt Ltd - India
  • Cement Manufacturers Association - India
  • Rudhra Energy - India
  • Bangkok Bank PCL
  • Thai Mozambique Logistica
  • Trasteel International SA, Italy
  • Maharashtra Electricity Regulatory Commission - India
  • KPMG - USA
  • PLN - Indonesia
  • Gujarat Sidhee Cement - India
  • Bayan Resources Tbk. - Indonesia
  • ING Bank NV - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Minerals Council of Australia
  • The Treasury - Australian Government
  • Thomson Reuters GRC
  • Thailand Anthracite
  • EIA - United States
  • Medco Energi Mining Internasional
  • Rio Tinto Coal - Australia
  • PowerSource Philippines DevCo
  • Bank of America
  • New Zealand Coal & Carbon
  • Petron Corporation, Philippines
  • Binh Thuan Hamico - Vietnam
  • Semirara Mining Corp, Philippines
  • GVK Power & Infra Limited - India
  • Romanian Commodities Exchange
  • Vizag Seaport Private Limited - India
  • IEA Clean Coal Centre - UK
  • Savvy Resources Ltd - HongKong
  • Interocean Group of Companies - India
  • Energy Development Corp, Philippines
  • Arch Coal - USA
  • Ministry of Mines - Canada
  • Fearnleys - India
  • Indian Oil Corporation Limited
  • Gupta Coal India Ltd
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Independent Power Producers Association of India
  • SMC Global Power, Philippines
  • ASAPP Information Group - India
  • Asia Cement - Taiwan
  • India Bulls Power Limited - India
  • Globalindo Alam Lestari - Indonesia
  • Shree Cement - India
  • IHS Mccloskey Coal Group - USA
  • GHCL Limited - India
  • Mitsui
  • CCIC - Indonesia
  • Coaltrans Conferences
  • Renaissance Capital - South Africa
  • Global Green Power PLC Corporation, Philippines
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Maheswari Brothers Coal Limited - India
  • Clarksons - UK
  • Britmindo - Indonesia
  • Electricity Generating Authority of Thailand
  • Deloitte Consulting - India
  • Latin American Coal - Colombia
  • Aboitiz Power Corporation - Philippines
  • DBS Bank - Singapore
  • Timah Investasi Mineral - Indoneisa
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Wilmar Investment Holdings
  • Orica Australia Pty. Ltd.
  • Xindia Steels Limited - India
  • APGENCO India
  • Credit Suisse - India
  • Manunggal Multi Energi - Indonesia
  • Edison Trading Spa - Italy
  • Glencore India Pvt. Ltd
  • Orica Mining Services - Indonesia
  • Argus Media - Singapore
  • UOB Asia (HK) Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • Samsung - South Korea
  • Asian Development Bank
  • Australian Commodity Traders Exchange
  • Alfred C Toepfer International GmbH - Germany
  • Kartika Selabumi Mining - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Grasim Industreis Ltd - India
  • Noble Europe Ltd - UK
  • Port Waratah Coal Services - Australia
  • bp singapore
  • Bukit Makmur.PT - Indonesia
  • The University of Queensland
  • Infraline Energy - India
  • Russian Coal LLC
  • Indogreen Group - Indonesia
  • globalCOAL - UK
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Indorama - Singapore
  • Global Coal Blending Company Limited - Australia
  • IBC Asia (S) Pte Ltd
  • Siam City Cement - Thailand
  • Maersk Broker
  • Central Electricity Authority - India
  • Kumho Petrochemical, South Korea
  • Indian School of Mines
  • Attock Cement Pakistan Limited
  • Chamber of Mines of South Africa
  • Mercuria Energy - Indonesia
  • CNBM International Corporation - China
  • Power Finance Corporation Ltd., India
  • Directorate Of Revenue Intelligence - India
  • Adani Power Ltd - India
  • Bhushan Steel Limited - India
  • Economic Council, Georgia
  • IMC Shipping - Singapore
  • Parliament of New Zealand
  • Merrill Lynch Bank
  • Bharathi Cement Corporation - India
  • Vale Mozambique
  • Standard Chartered Bank - UAE
  • Karbindo Abesyapradhi - Indoneisa
  • Banpu Public Company Limited - Thailand
  • Platts
  • Larsen & Toubro Limited - India
  • Qatrana Cement - Jordan
  • Agrawal Coal Company - India
  • Cardiff University - UK
  • Formosa Plastics Group - Taiwan
  • Mercator Lines Limited - India
  • Bank of China, Malaysia