COALspot.com keeps you connected across the coal world
  • OCTOBER 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 51.00 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

Friday, 16 October 20
KOMIPO ON BEHALF OF K GENCO'S INVITED BIDS FOR TOTAL 715,000 MT MIN. 5,700 NAR COAL FOR DECEMBER
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 715,000& ...


Wednesday, 14 October 20
CHINA COKING COAL FUTURES RALLY ON REPORTED BAN ON AUSTRALIA CARGOES - REUTERS
Dalian coking coal futures rallied for a sixth straight session on Tuesday after reports surfaced that China had stopped buying coal from Australia ...


Wednesday, 14 October 20
MARKET INSIGHT - INTERMODAL
The tanker market has experienced severe freight rate and asset value declines over the past 5 months. A potential market upturn may arise in the c ...


Friday, 09 October 20
INDIA'S COAL IMPORTS IMPROVE SOMEWHAT, BUT RECOVERY IS UNEVEN - REUTERS
India’s coal imports, depressed by the impact of coronavirus this year, regained ground in September, but in an uneven uptick – shipmen ...


Thursday, 08 October 20
CHINA'S COAL IMPORTS FROM INDONESIA DECLINED 16.4% Y-O-Y, TO 80.2 MLN TONNES IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
China's coal imports boomed in 2019,  surprising many who had expected the government would clamp down strictly on shipments.   ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6115
News by Category
Popular News
 
Total Members : 27,131
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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