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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, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
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- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Planning Commission, India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Australian Coal Association
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
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