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Thursday, 03 February 22
COAL SHORTAGE NOW AT ALARMING LEVELS, SAY ALUMINIUM PRODUCERS - IANS
With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Aluminium Association of India (AAI) has approached the Ministry of Coal, urging the immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry.
In its representation to the Ministry, the AAI has lauded the combined efforts by the Ministry of Coal and Coal India Limited in reviving domestic coal production, which has helped ease the coal supply crisis for the Power Sector. The steps undertaken by the Ministry increased the overall daily rakes dispatched from 242 rakes/day in September 2021 to 289 rakes/day in December 2021. This has drastically strengthened the coal stocks of the Power Sector to around 10 days, a marked improvement from a mere 2-3 days in the months of September-October last year.
However, this has come at enormous cost to the Captive Power Plants (CPP)-based industry and the worst impacted is the Indian aluminium industry, which continues to see depleting coal stocks of only 3-4 days, abysmally low compared to the prescribed level of 15 days for the sector. Struggling to cope with this prolonged crisis since the second quarter of this fiscal year, the AAI has now sought the Ministry’s support to ensure adequate supplies to the CPPs by earmarking at least 25-30 coal rakes per day to ensure viable industry operations.
The need for the CPPs is especially urgent, given that Aluminium production is a continuous process that requires huge volumes of uninterrupted quality power supply. This quantum can only be met only through the in-house CPPs set up by all the aluminium smelters plants to meet this specific requirement. Accordingly, the industry has established Captive Power Plants of 9,400 MW capacity (comprising 34 per cent of the cumulative thermal CPPs capacity domestically) to supply continuous power for Aluminium operations.
Even though the Government has reiterated that there is now an improved availability of coal in the country overall, the non-availability of rakes for the non-regulated sectors remains a major concern. Curtailing coal supplies to Captive Power Plants (CPPs) has directly resulted in a coal crunch situation for the Aluminium Sector. Any power interruption in an aluminium smelting operation for more than 2 hours can lead to the freezing of molten aluminium within the smelting pots, which takes a minimum of 6 months to fix, and then almost a year to once again begin yielding the desired metal output, causing enormous production, cost and supply disruptions. With the continued crisis, it will take over a year’s time to clear the backlog of rakes, and for the CPPs to build and maintain adequate coal stocks for sustainable operations. The crisis further aggravates with the last-minute cancellation of coal auctions for NRS, giving no relief for the domestic industry to secure coal for manufacturing and CPP-based industries.
With the ongoing revival of the economy and increased post-pandemic industrial activity, the CPP-based industries are highly dependent on uninterrupted coal supplies which is vital for sustainable operations and the continued cost-competitiveness of power intensive industries vis-a-vis global players. Any production curtailment by this sector will have cascading effect on consumption and downstream supply chain, thereby adversely impacting the nation’s GDP growth.
The AAI representation has gone on to highlight that since August 2021, the Non-Regulated Sector has been facing uncertainties in securing sufficient coal rakes for continued operations, with supplies limited to just 40-50 per cent of the required coal. This has led to a backlog of over 6000 coal rakes as most of the available coal and rakes are being diverted to the Power Sector as “Priority Coal Supplies”, even despite their coal inventory situation drastically improving.
Source: IANS
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Saturday, 11 December 21
BUNKER BUYERS LOSE UP TO $5/MT FOR NOT COVERING ENOUGH SUPPLIERS - INTEGR8 FUELS
With the Brent price recently touching the $80 mark and before the Omicron variant concerns pushed it lower, bunker prices reached levels not seen ...
Tuesday, 07 December 21
SUPERCYCLE DEMAND: ARE WE THERE YET? - WOOD MACKENZIE
Taking young children on a long journey is fraught with challenges, not least the inevitable question a few minutes after leaving: are we there yet ...
Tuesday, 07 December 21
COAL WOULD REMAIN ENERGY LEADER FOR AT LEAST 15 YEARS - LIVEMINT
Coal India Ltd (CIL) has been in the eye of the storm after fuel stocks at coal-fuelled power plants depleted in October. Fuel stocks since are bei ...
Tuesday, 07 December 21
GLOBAL SHIPPING OUTLOOK TURNS STABLE FROM POSITIVE ON THE BACK OF PEAKING EARNINGS DURING 2021 - MOODY'S
The outlook for the global shipping industry is changed to stable from positive for the next 12 to 18 months due to demand slightly outstripping su ...
Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
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- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
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