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Thursday, 23 December 21
INDIA: CAPTIVE POWER PRODUCERS URGE GOVT TO ENSURE NORMAL COAL SUPPLIES - PTI
 A captive power producers’ association has urged the government for 100 per cent normalisation of coal supply to captive power producers while blaming independent power generators for the coal crisis and “complete crash of whole system”.
The Indian Captive Power Producers’ Association (ICPPA) alleged that independent power producers did not build up the required inventories which led to the supply crisis.
“Today where we have reached is 35-40 per cent of what we should be getting … Right from today let there be 100 per cent normalisation of supplies to captive power plants (CPPs),” Rajiv Agarwal, Secretary General, ICPPA said in a press conference.
IPPs do not build up the inventories for various reasons, as a result the safety stock and the insurance stock as it is called is depleted and subsequently there is a complete crash of the whole system, he said.
“All the coal rakes made for CPPs have virtually stopped,” he said.
IPPs, he said, are not building inventories because they know that if there is a crisis the whole government will help them.
“This is the right time the government should start normalising the supplies because we are getting some feeler is that first they want to build up very high some 30 days inventory by March and after that they will start supplying to CPPs and industries….for next year also the CPP would continue to face problem and will be in crisis,” he explained.
COVID-19 from last year created havoc for industries, infrastructure and the economy, and in such a situation the current coal crisis has been much more worrying factor for captive power, he said.
Out of a total 78,000 mw installed CPP capacity in the country, around 40,000 MW (i.e. 55 per cent) CPPs are thermal-coal based, which require 200 million tonnes (MT) coal per annum.
Significant investments to the tune of 30 billion dollars have been made for setting up these CPPs and associated infrastructure, which have generated 15 lakh direct and in-direct employment.
The CPPs provide grid stability as they operate with minimum T&D losses, reduce demand pressure on the National Grid network, and pump excess power into the grid, thereby contributing to the national energy pool.
Source: PTI
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Thursday, 25 November 21
SE ASIA POWER DEMAND TO RISE AS STATE SUPPORT MITIGATES COVID-19 IMPACT - FITCH RATINGS
Electricity demand in south-east Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has ...
Thursday, 25 November 21
FITCH RATINGS INCREASES MOST GLOBAL METALS AND MINING PRICE ASSUMPTIONS - FITCH RATINGS
Fitch Ratings has increased most metals and mining price assumptions, particularly those that benefit from increased longer-term demand due to glob ...
Thursday, 25 November 21
CHINA'S COAL PRICE DROPS IN MID-NOVEMBER AMID GOVERNMENT’S SWEEPING MEASURES - GLOBAL TIMES
China’s coal prices have dropped significantly in mid-November compared with the beginning of the month, with the price of coking coal and co ...
Wednesday, 24 November 21
MARKET INSIGHT - INTERMODAL
Inflation is the word that has dominated the meetings of foreign leaders and finance ministers in recent weeks, as rising energy costs, supply chai ...
Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...
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