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Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite record renewable energy capacity addition, according to Crisil Ratings.
“Healthy PLFs along with lower receivables and encouraging fuel supply will support the credit profiles of private coal-based generating companies (gencos),” Crisil Ratings said in a statement.
The PLFs of coal-based power plants in India will improve to 65 percent this fiscal despite record renewable energy (RE) capacity addition, it added.
Over the past two fiscals, electricity demand witnessed a robust 8-9 percent annual growth, driven by the post-pandemic economic rebound, the agency noted.
During this period, 34 gigawatts (GW) of capacity has been added, with 90 percent of it in RE, the statement said.
In GW terms, this is a 9 percent growth in power capacities, but on normative terms this was only 4-5 percent growth as capacities operate at varying PLFs, and in this incremental supply, coal-based power plants remain an important cog, accounting for 69-71 percent of total power generation because of the intermittent nature of RE with lower PLFs, it added.
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Crisil Ratings Director Ankit Hakhu said, “Power demand is seen growing 5-6 percent, and a part of the incremental requirement will be met by the newly added RE capacities, including 18 GW in wind and solar, the highest ever. That said, a good portion of the incremental generation will be met by existing coal-based power plants”.
This will prove beneficial for thermal PLFs, which are likely to improve by 100 basis points (bps) to over 65 percent in fiscal 2024, as no material coal-based capacity is envisaged in this fiscal and relatively low-capacity addition of hydro, biomass and nuclear, Hakhu said.
Crisil Ratings Team Leader Mithun Vyas said, “Overall, we expect coal-based power plants rated by us to witness over 20 percent on-year rise in cash flow from operations (CFO) this fiscal. Consequently, CFO to total debt for these power plants will improve from 11 percent as on March 31, 2023, to an estimated 15 percent as on March 31, 2024”.
Source: PSU Watch Bureau
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- PTC India Limited - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- MS Steel International - UAE
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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