Events​

The coal stock at the thermal power stations stood at about 35 million tonne (MT) in April ’23, 64% higher than previous year, coal secretary Amrit Lal Meena said. Even the pithead stocks with Coal India (CIL) was 13.6% higher at 65.65 MT on April 23, up from 57.8 MT last year...

The government has revised the framework for electricity supply to provide the cheapest power lot first to consumers and help state utilities to meet demand in a cost-effective manner. The power ministry has revised the structure of the Day-Ahead National level Merit Order Despatch Mechanism to lower the overall cost of electricity generation...

National miner Coal India Limited (CIL) has set 2025-26 as the target year to achieve the ambitious 1 billion-tonne (BT) coal production target. Responding to the increasing power demand, the company has stepped on the gas. From approving the highest ever mine projects to enhanced mechanisation and outsourcing, CIL is aiming to boost production while keeping its cost in check...

The Ministry of Power has issued an order instructing all states, distribution companies (DISCOMs) and generating companies to implement a new scheme for pooling electricity from old power plants owned by the centre, which are also known as Central generating Stations. It has been decided to pool power from all Central Generating Station (CGSs) whose power purchase agreements (PPAs) have expired...

India’s Steel Minister, Jyotiraditya M Scindia, recently highlighted India’s booming steel sector and its rapid growth at the FICCI India Steel 2023 exhibition and conference. The industry’s success is attributed to government-industry collaboration, national infrastructure strengthening, green steel production focus, and new technology adoption...

Indian cement firms have added about 7mn t/yr of manufacturing capacity during the past month as part of their broader expansion plans. Higher cement output typically raises demand for petroleum coke and thermal coal, the two key fuels for cement makers...

India is set to step up its purchases of Russian coking coal this fiscal year to cash in on lower prices and diversify its imports. Indian steel firms are keen to capitalise on lower Russian coking coal prices and faster deliveries...

Asian metallurgical coal prices are expected to soften in the second quarter as supply disruptions in Australia are set to ease on warmer weather, while China’s demand outlook is mixed amid uncertain steel requirements and the country resuming Australian coal imports after a near two-and-a-half-year pause. Chinese mills’ appetite for coking coal imports will depend largely on steel demand and prices...

Indonesian seaborne coal exports are expected to surpass 170 million tonnes by the end of April, up 32% on the same period last year. The rise is partly due to improved economic conditions in China and an increase in energy demand as a result...

Australian thermal coal exports are forecast to increase over the next three years in a declining global market. Australia’s largest export coal markets of Japan, South Korea and Taiwan are in decline and forecasts for continued growth are heavily reliant on imports of higher value coal by Asian countries such as India and China...

The trend of increasing coal imports both globally, but also from the EU has continued unabated during the first quarter of 2023. The EU’s seaborne coal imports in the 12 months of 2022 surged by +33.8% y-o-y to 116.5 mln tonnes. This followed an equally strong increase of +30.1% y-o-y in 2021, when the total was 87.1 mlnt...

EU countries approved sweeping changes to the region's carbon trading scheme and emissions laws this week, making industrial pollution more costly while generating billions of euros for funds to be used to accelerate Europe's energy transition.