Thermal Coal Demand

India to be self-sufficient in thermal coal output by FY25: Pralhad Joshi

Union coal minister Pralhad Joshi on Wednesday exuded confidence that the country would be largely self-sufficient in thermal coal production by the financial year 2024-25. "We will be largely self-sufficient in thermal coal production by 2024-25 and the country will not face any problem in the thermal energy sector," Joshi said while interacting with the media during the investors' conclave on 'opportunities in the coal sector'. He said that in the sixth phase, commercial auction is being conducted for 141 coal mines across the country, including 28 blocks of Madhya Pradesh. According to the minister, for the first time in the country's history, such a large number of coal blocks are being auctioned. He said that the government is expected to get a revenue of Rs 25,000 crore from this auction, while two lakh people will get employment after the start of production. Joshi appealed to the investors to actively participate in the coal mine auction. "We have made mine allocation rul

India narrows thermal coal imports gap with top buyer China as demand rises

India is fast catching up with China in its thermal coal imports, as the world's two biggest overseas buyers of the power generation fuel adjust purchases

Thermal coal demand to increase to around 1,500 MT by 2040: Joshi

The minister added that there was a need to be conscious about the environment and keep in mind the sustainable mining goals.

Thermal coal imports at major ports fall 16% to 55 MT in Apr-Dec: Body

Disruptions caused by the pandemic continued to impact cargo movement in India

Govt is asking states to stop thermal coal imports: Pralhad Joshi

Making it clear that he was not politicising the issue, the minister said many states are importing thermal coal which is substitutable

Coal-based power's market share at decade low, green energy nearly doubles

In terms of net new capacity installs to date in 2019-20, 5.7 Gw or two-thirds have been contributed by renewables whereas thermal power witnessed a net addition of 3.1 Gw

IEA's view out of touch, thermal coal demand won't rise beyond 10%: Report

India's thermal coal demand is poised to fall, belying hopes of exporters from Australia and US who eyed the country as a long-term growth market.The country is now the second largest consumer cum importer of thermal coal but imports are sliding. During April-October of this fiscal, thermal coal imports declined 16 per cent to 33.62 million tonnes. Research by the US-based Institute for Energy Economics & Financial Analysis (IEEFA) sees India within a decade of peak thermal coal demand. The transition is fuelled by the renewable sector, especially solar power where tariffs in recent tenders have dropped below the average cost of coal-fired power.IEEFA forecasts that India's thermal coal use is likely to peak not more than 10 per cent above current levels, a far lower peak than most other analysts are forecasting. Tim Buckley, lead author of the report feels India's target to all but cease thermal coal imports by the end of this decade is now the logical outcome. IEEFA's conclusion