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Thursday, 23 December 21
COAL DEMAND TO PEAK IN INDIA BY 2030, WILL BACK UP RENEWABLES: NITI REPORT - BUSINESS STANDARD
Coal will remain India’s mainstay energy source and the country will shape global demand this decade, two reports have said a month after the government declared ambitious targets for being a Net Zero economy in 50 years and 500 Gw of renewable energy capacity addition.
NITI Aayog, the central government’s think tank, said in a report coal demand will be in the range of 1192-1325 million tonne by 2030, led by usage from the electricity sector. The International Energy Agency (IEA), in its annual coal report said, stronger economic growth and increasing electrification will drive demand growth of 4 per cent per year.
Coal-based utility electricity generation capacity in India is likely “to peak at about 250 GW” by the end of this decade or immediately thereafter, said the NITI report. It added that coal-based utility electricity generation in India will slow down, and is likely to peak a few years later, i.e. later 2040.
IEA said iron and steel production use coal and there are not many technologies to replace the fuel immediately. “India’s growing appetite for coal is set to add 130 million tonnes (Mt) to coal demand between 2021 and 2024. Continued expansion of India’s economy is expected during 2022-2024, with annual average GDP growth of 7.4 per cent, fuelled at least partially by coal. We forecast coal consumption to increase at an average annual rate of 3.9 per cent, to reach 1185 Mt in 2024,” IEA’s Coal 2021 report said.
It said India’s push to domestic coal mining through both Coal India and auction of coal blocks to private companies, coal usage in India will increase as it plateaus in other parts of the world, including China. It also said India is set to overtake China as the world’s largest metallurgical coal importer.
The NITI report said while coal-based thermal power generation will grow in absolute terms for the next decade, its share in the total power generation mix of the country will decline to a 50-55 per cent (from current 72 per cent) in the next 10 years. This, it said would be due to the changing capacity mix with increasing share of renewable energy.
On November 1, at Glasgow global climate summit COP26, Prime Minister Narendra Modi announced India will be a Net Zero economy by 2070 and will have 500 Gw of renewable energy by 2040.
This paper reported had reported, this announcement is unlikely to put pressure on coal.
Senior government officials told Business Standard, Net Zero decision actually provides certainty to investors in coal – both state owned Coal India Limited (CIL) and private captive and commercial coal miners.
“The 1 billion tonne coal production target of CIL will get logged into the economy in this decade. For another 20-30 years the future of coal is secure in India. The mines awarded now have a clear business case to run for their lifetime,” said an official requesting anonymity.
Even IEA noted in its report, the pledges to reach net zero emissions made by many countries, including China and India, should have very strong implications for coal – “but these are not yet visible in our near-term forecast, reflecting the major gap between ambitions and action.”
NITI Aayog cautioned against the target versus achievement of renewable energy in India. “India is unlikely to achieve its target of 100 GW of solar and 60 GW of wind capacity by 2022. Given the current “surplus capacity” in the system, distribution utilities are reluctant to sign fresh power purchase agreements, given their already distressed financial situation. Investments are likely to be constrained following the COVD-19 pandemic. For all these reasons, the development of the renewables sector needs to be tracked carefully.”
“They should also be very cautious of adding new coal capacity beyond 2030 as it risks locking in resources. India must enhance investments in the deployment of clean coal technologies throughout the coal value chain. Government power utilities must show the way by investing in the deployment of advanced clean coal technologies,” it said.
Source: Business Standard
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Wednesday, 20 October 21
MARKET INSIGHT - INTERMODAL
IMO 2020, Ballast Water Treatment regulations, Green Recycling, GHG emissions, EEXI, CII, ETS, Fit for 55, Carbon price/levy, the Poseidon Principl ...
Tuesday, 19 October 21
SPONGE IRON SECTOR MIGHT REPORT NEGATIVE GROWTH DUE TO COAL CRISIS: SIMA - PTI
The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to conti ...
Tuesday, 19 October 21
COAL INDIA, THE FALL GUY FOR POWER CRISIS - INDIA EXPRESS
The post-Covid economic recovery has led to a major increase in the demand for power, both in India and globally. In India, coal-based power plants ...
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 a ...
Saturday, 16 October 21
DESPITE HIGHER COAL PRICES, U.S. COAL RECOVERY LOOKS WEAK BY MOST MEASURES - IEEFA
U.S. coal sector is locked into a long-term sectoral decline
Coal prices have surged to the highest level in years in the U.S., and have soare ...
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- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Australian Coal Association
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
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