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Monday, 18 April 22
DEMAND FOR THERMAL COAL TO RISE DUE TO INCREASE IN ELECTRICITY DEMAND: INDIAN COAL MINISTRY - PTI
Coal block allocatees have a golden opportunity to augment production as the demand for thermal coal will rise due to an increase in electricity demand, according to a senior government official.
There are reports of coal shortages amid rising demand for electricity with the onset of summer season.
New coal blocks are being allocated for commercial mining and prospective bidders have shown encouraging responses for these blocks. Some of these blocks have started coal production within a year of allocation, the coal ministry said in a statement on Tuesday.
“Coal block allocatees have a golden opportunity for increasing coal production as the price of imported coal is very high at the moment and demand of thermal coal will increase due to increase in electricity demand of country,” Coal Secretary Anil Kumar Jain said.
The production from captive coal blocks registered an increase of 35 per cent to 85 million tonnes in FY22.
It was at 63 million tonnes in FY21.
“The nominated authority, Ministry of Coal has reviewed the production of coal with allocatees of captive coal blocks whose coal blocks have either commenced production or are likely to commence production during the financial year 2022-23,” the statement said.
The review meeting was chaired by Jain.
The coal ministry has taken consistent initiatives to increase the production of coal from captive mines.
Presently, 106 coal blocks have been allocated under the Coal Mines (Special Provisions) Act, 2015 and mine opening permissions have been given for 47 mines.
It is likely to rise to 60 coal blocks in FY’23.
The annual peak rated capacity of operational coal blocks will be around 230 million tonnes and the dry fuel output will be increased substantially to more than 140 million tonnes in the ongoing financial year.
In October last year, many states complained about shortage of coal for power plants and some of them also faced electricity outages for several hours a day.
Source: PTI
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Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
Saturday, 11 September 21
CIL STEPS UP SUPPLY COAL TO POWER SECTOR; PER-DAY AVERAGE 20 PC HIGHER THAN LAST YEAR - PTI
State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an avera ...
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- Bahari Cakrawala Sebuku - Indonesia
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- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
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- India Bulls Power Limited - India
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- Electricity Authority, New Zealand
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- International Coal Ventures Pvt Ltd - India
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- Planning Commission, India
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- Minerals Council of Australia
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- Global Green Power PLC Corporation, Philippines
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- Energy Development Corp, Philippines
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- Gujarat Sidhee Cement - India
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- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
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- Ministry of Transport, Egypt
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- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
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- Mintek Dendrill Indonesia
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- Indian Energy Exchange, India
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- Australian Coal Association
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- PowerSource Philippines DevCo
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- SMC Global Power, Philippines
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- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
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- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
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- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
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- Merrill Lynch Commodities Europe
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- Jaiprakash Power Ventures ltd
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- VISA Power Limited - India
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- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
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- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
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