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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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Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
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- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
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