COALspot.com keeps you connected across the coal world
  • JULY 2021 HBA FOR EXPORTS INCREASED BY $15.02 MOM, $39.51 YTM AND $63.19 YOY
  • JULY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 115.35 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
Friday, 04 June 21
NEW COAL-FIRED POWER PLANTS IN INDIA WILL BE ECONOMICALLY UNVIABLE - IEEFA
/IEEFACoal capacity additions face major stranded asset risk

Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under construction and another 29GW in the preconstruction stage will end up stranded, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA).
 
“Coal-fired power simply cannot compete with the ongoing cost reductions of renewables. Solar tariffs in India are now below even the fuel costs of running most existing coal-fired power plants,” says author Kashish Shah, Research Analyst at IEEFA.
 
“In the last 12 months no new coal-fired power plants have been announced, and there has been no movement in the 29GW of preconstruction capacity.
 
“This reflects the lack of financing available for new coal-fired power projects, and also the flattening of electricity demand growth, which has impacted coal the most.”
 
Despite these headwinds, the Central Electricity Authority (CEA) still projects India will reach 267GW of coal-fired capacity by 2030 which would require adding 58GW of net new capacity additions – or about 6.4GW annually.
 
Our note points out it is “highly improbable” that the CEA’s projections will materialise given the ongoing financial and operational stress in the thermal power sector, and puts the case that India’s coal capacity requirements should be urgently revised.
 
“Any projections for India’s future generation mix should take into account that new coal-fired power plants are likely to become stranded assets,” says Shah.
 
“The new capacity would only be economically viable if it replaced end-of-life, polluting power plants with outdated combustion technology and locations remote to coal mines.
 
“Even then, there would need to be sufficient coal plant flexibility to deliver power into periods of peak demand, and the time-of-day pricing would need to be high enough to justify the low over the day utilisation rates.”
 
Shah adds that without material growth in electricity demand, installing additional inflexible high emissions baseload capacity will increase the financial distress of state-owned distribution companies (discoms) by adding to their burden of paying fixed capacity charges to thermal power plants that are used only sparingly.
 
IEEFA expects coal-fired capacity in India to peak at 220-230GW by 2025 and models additions of 2-3GW of net new coal-fired capacity annually in this five-year window – and only then if financing can be found amid the accelerating global retreat from coal.
 
The International Energy Agency’s (IEA) recent roadmap on reaching net zero emissions by 2050 recommends no new investment in fossil fuel supply projects, and no further final investment decisions for new unabated coal plants. Also ahead of this month’s summit, G7 country leaders agreed to stop unabated coal finance before the end of 2021.
 
IEEFA notes there is little appetite from investors – except for state-owned Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) – to risk new capital in a sector that continues to carry US$40-60 billion of non-performing or stranded assets.
 
With the pool of capital available to fund coal-fired power projects shrinking, nearly half (49%) of the 33GW of capacity now under construction in India is sponsored by state power generation companies. NTPC and NLC India Ltd, both Government of India-owned entities, have 29% and 6%, respectively, while the remaining 16% is privately sponsored.
 
IEEFA suggests state generation companies should “walk away” from delayed under-construction projects, to avoid the risk of fully built plants sitting idle – stranded assets.
 
Notably, NTPC has begun a pivot towards renewables, saying it will not be pursuing any new greenfield development of coal-fired power projects and announcing a target to install 32GW of renewable energy capacity by 2032; this shift should be accelerated.
 
“Governments, investors and utilities across the globe are rapidly transitioning to cheaper domestic zero emissions renewable energy,” says Shah.
 
“India should be taking advantage of the falling cost of renewables plus rising viability of battery storage, which can provide clean grid-firming, to meet incremental power demand.
 
“Accelerating renewable energy capacity commissioning is critical to lower India’s overall energy costs and support faster electrification of transportation and other industries.
 
“Ultra-low cost renewables would also enable development of a green hydrogen economy to strengthen India’s long-term objective of energy security.”


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

Recent News

Thursday, 01 July 21
FIVE ASIAN COUNTRIES ACCOUNT FOR 80% OF NEW COAL POWER INVESTMENT - THE GUARDIAN
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a rep ...


Wednesday, 30 June 21
DELTA DUNIA MAKMUR RECORDED AN IMPROVED REVENUE IN Q1 2021; REVENUE INCREASED BY 49% QOQ TO US$160 MILLION ON THE BACK OF COAL PRICE RECOVERY
PT Delta Dunia Makmur Tbk. (“DOID”) released its consolidated financial and operating results that include its primary and wholly-owned ...


Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the p ...


Wednesday, 30 June 21
MARKET INSIGHT - INTERMODAL
The strong freight performance since the beginning of year has continued for the dry bulk market with earnings being at the highest level in over a ...


Monday, 28 June 21
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA THREATENS TO REVOKE 2,350 MINING BUSINESS PERMITS
The Ministry of Energy and Mineral Resources said that the revocation of mining business permits was in accordance with President Jokowi's inst ...


   3 4 5 6 7   
Showing 21 to 25 news of total 6351
News by Category
Popular News
 
Total Members : 27,491
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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