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Saturday, 16 October 21
SOLAR INSTALLATION SURGE PUTS INDIA ON TRACK TO CAP COAL-FIRED POWER AS EARLY AS 2024 - IEEFA
 Recent increase in solar power installations could push coal to peak sooner than expected
If India keeps installing solar capacity at the rate it’s achieved for the last three months, coal-fired power could peak in the 2023-24 financial year, and increased solar generation alone could meet the country’s growing electricity requirements in subsequent years.
India’s electricity demand has surged and slumped in recent months as the economy revives in fits and starts, but the fact is that coal-fired power is increasingly sensitive to the performance of renewable energy.
Coal has effectively become India’s swing producer of electricity, rising to new peaks in periods when demand is high and renewable power low, but slumping deeply when demand falls and renewable energy’s contribution rises.
In recent months thermal generation has swung between a daily low of just over 2.0 terawatt hours (TWh) on August 1 (when renewable energy and hydroelectricity provided 38% of India’s electricity), to as high as 3.2 TWh just over two weeks later when renewable energy and hydro made a smaller though still impressive 25% contribution to the grid.
But while the variable nature of renewable energy is well known and the financial fortunes of coal-fired power are increasingly tied to its generation level, it is a recent change in a different number that may prove decisive in determining how soon coal’s contribution to India’s electricity reaches its peak. That number is the rate at which the country is installing new solar capacity.
Calendar year 2020’s pandemic conditions saw new solar installations fall to an average of just 411 megawatts (MW) per month, compared to 665MW per month as the average since January 2017. But since May this year there has been a very strong rebound. A total of 1,248MW of solar capacity was added in June, followed by an additional 1,605MW in July, rising again to 1,672MW in August.
This average of 1,508MW per month for the last quarter does more than simply double the long-term installation rate – it shows just how close India could be to capping thermal generation. If this installation rate continued, solar capacity would reach 109 gigawatts (GW) by March 2024, generating some 87 TWh of additional power annually, enough to meet all of India’s electricity generation increase, based on the latter’s 5.7% annual growth rate over the decade to 2019.
Some other adjustments would be needed if coal-fired power were to peak and subsequently decline. Daily peak demand has been rising faster than daily energy, meaning that thermal plants would increasingly have to be deployed to meet the daily peak, as would hydroelectric generators, without increasing their overall output. Additional pumped storage and India’s first set of grid-scale batteries would also support the peak, along with the development of a time-of-day pricing structure to incentivise demand response management by industry and consumers.
Whether the actual installation rate matches, falls short of, or exceeds this rate will come down to the determination of the Indian government. The current rate would comfortably meet the 60GW ground-mounted component of the 2022 125GW renewable target, but not quite match the average rate needed to hit the 280GW solar component of the 450GW 2030 goal.
What the last few months clearly demonstrate, however, is India’s ability to now accelerate the installation of grid-scale solar fast enough to cap coal-fired power before the middle of the decade and potentially to see a gradual coal generation decline from that point on.
The recent lift in rooftop solar installs, along with increased development of wind and rounding out those nearly completed hydro power projects to which India is committed could make our timeline here conservative indeed!
By Tim Buckley, Director Energy Finance Studies South Asia at IEEFA
and Dr Charles Worringham, researcher and contributor at IEEFA
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Wednesday, 05 January 22
CHINA COAL FUTURES SURGE ON SUPPLY WORRIES AMID INDONESIA EXPORT BAN - REUTERS
China’s thermal coal futures surged by as much as 7.8per cent to kick off 2022 on concerns of supply disruptions after Indonesia, its biggest ...
Wednesday, 05 January 22
INDONESIA WARNS COAL SUPPLY CRUNCH NOT OVER AS CHINA PRICES RALLY - REUTERS
Indonesia has warned that its coal supply situation remains critical, ahead of Wednesday’s (Jan 5) review of its export ban, unnerving global ...
Tuesday, 28 December 21
INDIA'S ADANI NEARS FIRST COAL SHIPMENT FROM SHUNNED AUSTRALIAN MINE - REUTERS
India’s Adani Group ADEL.NS is preparing to ship the first coal cargo from Australia’s most controversial mine, after battling a seven- ...
Thursday, 23 December 21
COAL TO STAY AS MAJOR SOURCE OF ENERGY IN FORESEEABLE FUTURE: JOSHI - BUSINESS STANDARD
Coal will stay as a major source of energy in the foreseeable future as it is an affordable source of energy with substantial reserve, Parliament w ...
Thursday, 23 December 21
ANNUAL U.S. COAL-FIRED ELECTRICITY GENERATION WILL INCREASE FOR THE FIRST TIME SINCE 2014 - EIA
From December 20 through December 30, Today in Energy will feature some of our favorite articles from 2021. Today’s article was originally pu ...
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- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Australian Coal Association
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