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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further boost it to 1.577 billion tonne by 2030.
Current domestic production hovers around one billion tonne annually. This increase in output aims to ensure ample supply of domestic coal to India’s thermal power plants, which are essential for the country’s growing energy needs.
The ministry also said that coal stocks at thermal power plants have been rising since 16 October, and stand at approximately 20 million tonne. Stocks at mines have hit 41.59 million tonne. Overall, including transit and captive mines, the stockpile has grown to 73.56 million tonne, up 12% from the previous year’s 65.56 million tonne.
“…The coal supplied to domestic coal-based power plant is around 821 million tonne (MT) for the current year,” it said.
The ministry is also preparing for an expected surge in coal demand, which is estimated to reach around 400 million tonne to support the additional 80 GW of thermal capacity projected by 2030. However, this figure may be adjusted based on future generation requirements and the contribution of renewable energy sources.
To meet these production goals, the ministry is planning opening of new mines, expansion of existing mine capacities, and utilisation of captive and commercial mines.
“The production plans for year 2027 and 2030 will far exceed the likely domestic requirement of thermal power plants in the country, including that for likely additional capacity,” the ministry said in a statement.
It also said that coal, power, and railway ministries are working in close co-ordination, resulting in smooth coal supplies.
The ministry’s statement comes against the backdrop of a robust 13.02% annual growth in coal production, outpacing an 8.99% growth in power generation from domestic coal-based plants. Demand for thermal power has seen a 20% increase over the last year.
In response to rising power demand, the government has asked power generating companies to blend 6% imported coal until March 2024 and has directed all imported-coal-based plants to operate at full capacity until June next year.
Source: livemint
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Central Electricity Authority - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
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