>State-run Coal India Limited (CIL) has crafted a forward E-auction schedule for FY19 under which 45 MnT of coal will be sold to those power plants in the country that do not have regular coal supply contracts with CIL. According to industry experts, 45 MnT is a good quantity for running 11,250 MW of thermal capacity at around 85% capacity utilization. The forward E-auction scheme is a transparent way to help stressed power companies without regular coal supply contracts.
>>The global seaborne Thermal Coal market is estimated to reach around 963 MnT in 2018, to record a growth of around 48 MnT over that in 2017. The rise was attributed to the expected growth in demand in China, India and other countries in the eastern hemisphere.
>>The Australian and Japanese governments have entered into a partnership to build a pilot plant to turn low grade coal, known as Lignite, into Hydrogen. The Japanese company, Kawasaki Heavy Industries,will be deputed to undertake the project. The Hydrogen to be produced will be used by Japanese engineers to develop fuel cells, which will run vehicles.
Leave a Reply