IndiaCatalog.com
India News
Search Web Directory
News Home
Coal stocks at power plants down to six days
Posted on 7th October 2017
Coal stocks at power plants across the country have declined to a point where they can meet the requirement for an average of only six days.

Close to 70 plants have enough stocks to see them out for just three days.

Coal stock indicates the slowing down of supply as the plants need to maintain a threshold of more than 20 days of their stipulated coal supply as reserve at their sites.

Last year, the average coal stock was for 28 days during the peak demand months.

The deficit, coupled with low hydro and wind power generation this season, has pushed up power prices in the spot market and they are likely to remain high during the winter.

The amount of hydro power generated is less by 6 per cent over last year and wind by 40 per cent.

The current power price in the spot market is hovering around Rs 5.5 per unit. This is a major jump over the Rs 2-3 per unit, which prevailed earlier, pushing the Centre to launch a drive towards a short-term power market.

Last month, the price went up to Rs 9 per unit because of a sudden spurt in demand from various states.

Executives have pointed out that states that are not signing long-term agreements are relying on the short-term market. But the coal supply crunch and less hydro power this year have put stress on volumes and prices in the spot market.

The industry data has revealed that close to 11,000 MW is under outage due to weaker coal supplies. Of this, the highest amount, 5,000 MW, is in the western region.

Most of these units blend domestic coal with the imported variety but as the domestic supply improved in the first half of the current year, imports were reduced. Coal shipments at major Indian ports fell by 14 per cent till August over a year earlier to 9.3 million tonnes.

But these units are now grappling with the problem of low domestic coal supplies because transportation is facing challenges.

Against a cumulative normative demand of 1.37 million tonnes of coal per day, 1.22 million tonnes of coal was despatched.

Government officials say the ministry of coal is trying to meet the supply deficit.

“The coal ministry has increased the amount to be transported by road and has urged Coal India to use all means to increase the supply,” an official said.

He said as the power demand was reported to have increased by more than 2 per cent in September over August, Coal India was expected to match the corresponding increase in demand for coal.

Private power developers have been crying foul over the low number of rakes allotted to them for coal supply. In their representation to the government, they alleged Coal India had reduced the number of rakes for them and increased them for NTPC and state-run gencos.

Recently, Uttar Pradesh wrote to the Centre, citing paucity of coal at its state-owned and privately-run power units.

“The independent power producers (IPPs) and the state-generating stations in the state are still not getting sufficient quantity of coal to generate power according to their full capacity,” said the letter sent by UP Power Minister Shrikant Sharma to the Union ministry of coal.

The letter also questioned the criteria of listing critical power units and supplying them more coal.

Related Companies: Coal India Ltd   

Other Latest News
Hindustan Petroleum Corp enters into a long-term agreement with HMEL
Posted on 22nd September 2018
Hindustan Petroleum Corporation (HPCL) on Friday entered into a long-term agreement with HMEL (HPCL-Mittal Energy) for operations and maintenance of its newly-commissioned bitumen terminal at Bathinda.

HMEL recently set up a bitumen blowing unit with a capacity of 550 million tonne per annum different grades of bitumen plant at Guru Gobind Singh Refinery, Bathinda. The agreement is for storing, handling and dispatching the product.


Amazon India to soon sell cow urine and dung based soaps, face packs made by RSS-backed centre
Posted on 22nd September 2018
Soaps, face packs, shampoos and medicinal products made from cow urine and dung may soon be just a click away as an RSS-backed centre says it is set to sell these on e-commerce major Amazon India.

Deen Dayal Dham, a centre run by the RSS in Farah town of Mathura in Uttar Pradesh, will first put up a dozen products related to health, beauty and apparel on the website for sale, a manger at the centre said.


Sensex witnesses flash crash
Posted on 22nd September 2018
Mumbai: The shares of housing finance companies (HFC) and other financial service firms were battered badly on Friday causing a flash crash on the domestic bourses as rumours about default by certain entities amidst rising delinquencies and cost of capital triggered panic selling in the market.

Infosys to offer cloud solutions to global enterprises on Google Clouds
Posted on 22nd September 2018
Software major Infosys would offer scalable services and solutions on demand to global enterprises on search engine's Google cloud platform, the IT major said on Saturday.

"We are partnering with Google to develop cloud transformation and migration services for enabling enterprises transform their businesses on scalable and on-demand model," said the city-based company in a statement.


RIL closes KG-D6 oilfield
Posted on 22nd September 2018
Reliance Industries has permanently shut down its only oilfield (MA field) in the KG-D6 block on the back of dwindling output from the reserve. This was the company’s first foray into oil and gas exploration that began in September 2008 when the field started producing oil.

“The MA (D26) field in Block KG-DWN-98/3 (KGD6), which is being operated by RIL as an operator of the joint venture consisting of RIL (60 per cent), BP (30 per cent) and Niko (10 per cent)


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Coal stocks at power plants down to six days
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Coal stocks at power plants down to six days

Most Read News

Sebi approves KYC norms for FPIs, new settlement mechanism

Maruti Suzuki stock slides 2.3% to hit 10-month low

Infosys loses arbitration case against Rajiv Bansal over severance package

Imran Khan writes to PM Modi, seeks Swaraj-Qureshi meet in New York

SBI in international bond market to raise nearly $500 mn in green bonds

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement