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

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.   ...


Thursday, 08 October 20
GLIMMER OF LIGHT FOR COAL, BUT SHORT TERM - FNARENA
Is coal on the rebound? Demand appears stronger and supply reductions have underpinned a tightening market. Certainly, the Newcastle thermal coal p ...


Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease. COVID-19 a ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6118
News by Category
Popular News
 
Total Members : 27,133
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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