India’s Coal Appetite Dwindles

first_img FacebookTwitterLinkedInEmailPrint分享Ajoy K. Das for MiningWeekly.com:Green shoot pointers like the growth, or decline, in thermal power projects and the rapid up-scaling of renewable-energy projects indicate that India’s appetite for coal is dwindling. Even as domestic coal production rose, moving from a shortage towards the surplus zone, growth in new thermal power projects was showing a decline for the first time in the last three years.According to data sourced from government departments, growth in new installed thermal power capacity was recorded at 8.78% in 2015, down from 8.99% in 2014 and 12.48% in 2012. In sharp contrast, growth in new capacity in the renewable-energy sector was up to the highest level ever at 18% during 2015.A senior official with the country’s largest power producer, NTPC Limited, said that the “pipeline of new thermal projects has completely dried up” and “no new plant are scheduled to come on stream in 2016”.He said that, at the earliest, in 2018/19, 10 000 MW of new thermal capacity could come on stream in the form of ongoing projects delayed by varied reasons such as conclusion of fuel supply agreements, environmental clearances and/or scrimping of funding options by project promoters. Ultra mega power projects (UMPPs), planned by the government were also turning out to be “pipe dreams”, with no such new projects put up for bidding since 2014.Even UMPPPs put up for bidding in 2014 had all fallen through with all successful bidders subsequently withdrawing from the projects, he added. In sharp contrast, in renewables, India was poised to commission 2 000 MW of solar power between January and March 2016, equal to the total generation capacity added in the full year of 2015.While the impact of these trends in the power generation sector on medium- and long-term coal demand consumption patterns was not readily available from government departments, current empirical data indicate that the ‘coal rush’ in consuming industries had eased, giving way to stockpiles at both the producer and consumer ends.Coal India Limited accounted for over 80% of domestic supplies – notching up 9% production growth so far in the current fiscal and expecting to close the year on March 31, with 550-million tonnes of coal – and was current saddled with unsold pithead stocks of 40-million tonnes. Thermal power plants across the country were carrying a combined stock of 32-million tonnes of coal as of January 2016, up from 12-million tonnes during corresponding month in 2015. The lack of takers for coal was also having a spillover impact on allied infrastructure sectors such as the government-owned and operated Indian Railways (IR).IR had during 2015/16 projected additional freight traffic of 85-million tonnes on the total freight handling of 1.10-billion tonnes achieved in the previous fiscal period, largely banking on ferrying an additional 46-million tonnes of coal. However, IR freight traffic was now not expected to grow by more than 1% during the year, largely resulting from the sharp fall in coal handling as thermal power producers with high fuel inventories were not making bookings, the official said.India’s coal appetite dwindles India’s Coal Appetite Dwindleslast_img read more

India Trend Bodes Ill for Coal Markets

first_imgIndia Trend Bodes Ill for Coal Markets FacebookTwitterLinkedInEmailPrint分享Financial Times:India will hit peak coal demand for its power sector within a decade, according to new analysis, helping the world hit its Paris climate targets but creating a problem for the country’s biggest mining companies.A report by the Institute for Energy Economics and Financial Analysis shows the growth in demand for coal in one of the world’s fastest growing economies will level off by 2027 — far sooner than previous projections.This would have a big impact on coal consumption worldwide, as India is the second-biggest consumer and importer in the world, and the biggest source of the sector’s growth.Tim Buckley, director of energy finance studies at IEEFA, said: “We have seen exponential growth rates from renewables, and the 50 per cent reduction in solar tariffs over the last two years suggests that will continue.“That, added to greater efficiency from coal power plants, means we should see the growth in demand for coal for India’s power sector level off in the next 10 years.”India’s power sector is mainly fueled by coal, which provides roughly 60 per cent of its capacity and 76 per cent of its total generation. In the past few years, it has become an increasingly important source of growth for coalminers as China and the US have begun to use less of their product.With the country’s population growing rapidly and the government of Narendra Modi promising to electrify the whole country, companies are banking on continued growth for the foreseeable future.Adani Group, one of India’s biggest industrial conglomerates, has given the go-ahead to build a $12.7bn mine in Australia to extract coal that will then be used in its power plants back at home.But IEEFA’s analysis suggests that the growth in coal demand in India’s power sector could slow down more quickly than people expect, and stall entirely by 2027. In its place will come renewables, which provide 7 per cent of generation, but which IEEFA predicts will account for 27 per cent by 2027.The change has come because renewable power, and solar in particular, is falling in price more quickly than analysts predicted. Last week Enel Green Power, the Italian renewable power company, agreed to build a solar park in Mexico for a world record low price of just 1.77 cents per unit of electricity.An analysis by Mercom, a clean energy research company in India shows that in the past quarter the country installed more 2.2 gigawatts of solar power — more than ever before.More: India to hit peak coal demand faster than expected, says reportlast_img read more

IEEFA Welcomes New Board Members and Program Manager

first_img FacebookTwitterLinkedInEmailPrint分享The Institute for Energy Economics and Financial Analysis has added two new board members to its governing body in 2018, as well as a new program manager in its headquarters office in Cleveland.“We are very fortunate to have Mark Colón and Chris Meyer join the IEEFA board of directors,” said board chair Larry Shapiro.  “Both Mark and Chris bring a wealth of knowledge on the energy and finance issues that are core to our work and are experienced in non-profit management.” Mark Colón is the president of the Office of Housing Preservation at New York State Homes and Community Renewal, where he has also served as deputy counsel. He has practiced international law and chairs the board of El Puente of Williamsburg.  Chris Meyer is the chief of staff of 100 Resilient Cities, pioneered by the Rockefeller Foundation. He previously served as vice president and senior advisor for Consumer Reports and as executive director and senior attorney of the New York Public Interest Research Group.Shapiro added, “we’re also very pleased to welcome Kate Sopko to our growing IEEFA team as our new program manager.  Kate comes to us having worked in project management, communications and development for several leading Cleveland area non-profits, including Policy Matters Ohio, City Repair Cleveland and SPACES art gallery.” IEEFA Welcomes New Board Members and Program Managerlast_img read more

Commentary: Pipeline purchase likely to leave Canadian taxpayers on the hook

first_img FacebookTwitterLinkedInEmailPrint分享Fortune.com:The Canadian government’s decision to buy the Trans Mountain Pipeline and expansion project for 4.5 billion Canadian dollars has left many wondering: What is Prime Minister Justin Trudeau thinking?All around the world, decisions to drill new oil wells; frack for gas; mine new coal; and build pipelines, ports, and fossil-fueled power stations are attracting determined opposition from scores of ordinary citizens. People are mobilizing to protect local land, water, and air from pollutants and demand good governance in the face of opaque processes and corrupt corporate-government deals. They are increasingly invoking an emerging principle that connects these projects to climate change: In a world facing catastrophic global warming, new fossil fuel projects are morally wrong. To this moral message is added a prudential one: As the transition away from fossil fuels gathers pace, new fossil fuel projects become economically risky propositions.The Trans Mountain expansion project typifies all of these concerns. It has attracted vociferous opposition from a broad coalition in Canada, the U.S., and beyond. To the project’s proponent, Texan multinational Kinder Morgan, the multiplicity of concerns and the groups voicing them represent risks to the project’s profitability. So crippling were these risks that Kinder Morgan refused to proceed with the project unless it could offload them onto third parties.Enter Trudeau.The Trudeau government thinks it can manage these project risks and turn a profit, or at least break even, from the expanded pipeline. If the Canadian government profits, it will be at the expense of trampling on First Nations’ land rights and exposing communities to oil spills. (The recent Kinder Morgan spill in British Columbia was 48 times larger than first reported.) Even if the government successfully finds a buyer for the pipeline, it will more than likely need to sell it at a steep discount, leaving Canadian taxpayers on the hook.More: Justin Trudeau’s Pipeline Purchase Isn’t Just Hypocritical, It’s Bad Economics Commentary: Pipeline purchase likely to leave Canadian taxpayers on the hooklast_img read more

Wind provided record 40.2% of Oklahoma’s statewide electricity generation in 2019

first_img FacebookTwitterLinkedInEmailPrint分享The Oklahoman:Oklahoma’s use of wind energy to generate electricity continues to increase. A record 40.2% of all state’s generated energy in 2019 was powered by renewable technology, Oklahoma Power Alliance representatives announced Tuesday during a Clean Energy Day at the state Capitol.In 2018, Oklahoma’s wind farms generated about 36% of the energy created inside the state, up from 33% the previous year.“This data tells a strong story” about Oklahoma’s continued leadership in renewable energy deployment, Mark Yates, vice president of the Advanced Power Alliance and its policy director in Oklahoma, said Tuesday. He noted wind’s use to generate electricity in Oklahoma during the year only was surpassed by natural gas, which generated another 46.3%.Alliance data showed Oklahoma ranked second among U.S. states for 2019 for the amount of energy its wind farms generated, and third for the amount of wind capacity installed. The alliance estimates more than $20 billion has been invested in renewable projects within the state.It also issued data showing the industry’s completed wind projects are ranked as a top-three taxpayer in 19 Oklahoma counties and 65 Oklahoma school districts. Projects’ owners made about $51 million in land lease payments to farmers and ranchers throughout 26 of Oklahoma’s counties in 2019. “These investments continue to transform Oklahoma’s rural economies by offering new career opportunities, circulating new income, creating sales tax revenue, and providing valuable ad valorem,” he said.[Jack Money]More: Backers of renewable energy highlight industry’s growth at Capitol event Tuesday Wind provided record 40.2% of Oklahoma’s statewide electricity generation in 2019last_img read more

Global coal power plant pipeline dropped 16% in 2019 new report shows

first_imgGlobal coal power plant pipeline dropped 16% in 2019 new report shows FacebookTwitterLinkedInEmailPrint分享Reuters:Global coal power plant development declined for the fourth year running in 2019, while a total of 13 gigawatts (GW) of capacity construction has been delayed so far this year due to the coronavirus, research by environmental organizations shows.The annual survey of the global coal plant pipeline by Global Energy Monitor, Greenpeace International, the Sierra Club and the Centre for Research on Energy and Clean Air showed a 16% drop last year in capacity under construction and development.This year, 15 plants with a total capacity of 13 GW have so far been delayed by workforce or supply chain issues related to the coronavirus outbreak.However, China’s approval of permits for coal plants has increased in an effort to stimulate its economy. From March 1 to 18 this year, China approved more coal-fired capacity for construction (6.6 GW) than during all of 2019 (6.3 GW).Outside of China, the global coal fleet overall shrank for the second year in a row as retirements exceeded commissioning. Globally, the amount of power generated from coal in 2019 declined by 3% compared with 2018, with coal plants now operating at an average 51% of their available operating hours, which is a record low.New coal plant developers face increasingly difficult conditions as restrictions on investment have come from banks and insurers, as well as government commitments to phase out coal.[Nina Chestney]More: Global coal plant development fell for fourth year running in 2019: researchlast_img read more

India’s power minister says retiring coal plants will be replaced by renewable energy

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:India is planning to replace retiring coal-fired power plants with renewable generating capacity in a bid to cut the nation’s carbon footprint, power minister R. K. Singh said on Tuesday.India is the world’s second largest coal consumer after China, and the third largest emitter of greenhouse gases. Coal-fired plants currently account for over half its nearly 373 gigawatt (GW) power generating capacity.“Many of those plants are getting retired,” Singh said at an industry event. “Some plants are already retired, and about 29 more plants are going to retire, and all that space will be occupied by renewable energy.”India, which aims to meet 40% of its energy requirement from non-fossil fuel sources by 2030, is targeting 175 GW of renewable-based installed power capacity by 2022.It currently relies on cheaper imports, mainly from China, to meet the bulk of its demand for solar cells and modules. India’s current annual installed and functional manufacturing capacity of solar modules is around 10 GW while that of solar cells is only around 2.5 GW, the minister said.“We plan to raise this capacity to around 25 GW per annum for solar cells and modules in another two years’ time,” he said.[Nidhi Verma and Mayank Bhardwaj]More: India to replace coal fired power plants with renewables – minister India’s power minister says retiring coal plants will be replaced by renewable energylast_img read more

Patagonia Rising

first_imgA country that doesn’t own its water? Chile is home to the stunning and world-renowned Andes Mountains, extraordinary Patagonia frontier, and powerful pure rivers, but amazingly, it does not own the rights to much of its own water. When General Augusto Pinochet took power of the country in 1981, he privatized the country’s water rights and sold many of them to Spain. Currently, Chile faces foreign companies bargaining and developing its resources at the cost of people, livelihoods, and ecosystems, all of which once gone, will be gone forever.Kira Tenney and the New River Academy have been visiting Patagonia, Chile, for years. They discovered that many of its citizens do not know about proposed hydroelectric dams on Patagonia’s rivers or the impacts it will have on the people and wildlands. They’ve organized a grassroots effort to protect Patagonia and educate Chilean citizens, centered around a powerful, groundbreaking documentary being shown in Asheville this week.The benefit screening of Patagonia Rising: A Frontier Story of Water and Power is at Asheville Brewing and Pizza Company in Asheville, NC on April 26th at 9:00 pm.If you’ve ever dreamed about visiting a wild and pristine Patagonia, here is your chance to save it.last_img read more

Daily Dirt: Record AT Conservancy Volunteering, Bike Show in Charlotte, Giant Snowball

first_imgYour daily outdoors update for February 19th, the day Fleetwood Mac released “Rumours” in 1977.APPALACHIAN TRAIL CONSERVANCY REPORTS RECORD VOLUNTEER HOURS FOR 2013Volunteers devoted a record number of hours last year to maintain the Appalachian Trail for hikers to use. The Appalachian Trail Conservancy (ATC) announced that close to 6,000 volunteers donated approximately 245,500 hours by the end of the federal fiscal year on September 30, 2013.Since the ATC began reporting volunteer hours in 1983, volunteers have devoted 4.9 million hours to the A.T., and there has been a 33 percent increase in volunteer hours over the past 10 years. In 2013, volunteers helped maintain the A.T. corridor, monitor and remove invasive species, and support teachers in the Trail to Every Classroom (TTEC) program.“The Appalachian Trail Conservancy exists because of the generosity, talents and support of our volunteers – they are the very soul of the Appalachian Trail,” said Ron Tipton, executive director of the ATC. “The record number of volunteer hours reported for fiscal year 2013 illustrates a continued dedication to the preservation and management of the Trail.”E-BIKES AT NORTH AMERICAN HANDMADE BICYCLE SHOWThe North American Handmade Bicycle Show, held from March 14-16 in Charlotte, North Carolina, is the world’s largest and most influential custom bike show, holding a reputation for creativity and innovation. This year, Gates Carbon Drive, maker of the leading belt drive system for bicycles and eBikes, plans to display the first-ever “Custom eBike Showcase” featuring a dozen original electric bicycles.Partnering with leading electric bike system companies Bosch, SRAM, and BionX, as well as hub maker NuVinci, Gates enlisted some of America’s finest custom builders to create the belt drive eBikes for the show.“Electric bikes can get more people out of cars and onto two wheels, and we want to expose more Americans to this efficient, affordable, and healthy transportation solution,” said Todd Sellden, global director of Gates Carbon Drive.The market for eBikes is growing as well. Sales have doubled annually in Europe and the United States for the past several years.Giant Snowball Gets Out of ControlAfter 12 inches of snow dumped on Reed College in Portland, Oregon, one student attempted to make the world’s biggest snowball. By the end of the day on February 8th, the snowball was three feet in diameter and weighed approximately 800 to 900 pounds.As surrounding students chanted “Roll it!,” two math students sent the snowball barreling down a hill where it proceeded to crash into a dormitory wall.Maintenance workers spent 45 minutes cutting through the snowball to discover that wall was ripped off its studs. Damage repairs are estimated between $2,000 and $3,000. No word as to whether or not the students kept playing in the snow.last_img read more

Instagram Takeover: Steve Yocom

first_imgThis week we’re launching a new monthly series where we hand over the reigns of our Instagram account to a local adventure photographer. Up first is the Western North Carolina-based @Steve_Yocom. According to his Instagram bio, Steve’s main interests are German Shepherds, fly fishing, and whiskey, but he also takes a mean photo. His willingness to get off the beaten path and head to the places less-traveled, coupled with his skill and passion for outdoor photography, allows Steve to bring these southern mountains to life in a unique way. Check out his work and get the inside scoop from Steve below, and stay tuned to @blueridgeoutdoors Instagram for daily features of his photos.When you’re out taking your own adventure photos, don’t forget to use the tag #myblueridge, and you could be the next to take over our account.DSC08204My pup Cain taking a nap at the 6030 ft summit of Cold Mountain on day 2 of our Art Loeb Hike, What an amazing trail to backpack, everyone should put that on their to do list!DSC00269Clouds spilling over Round Bald and Roan High knob as the sunsets looking back from Grassy Ridge. My buddy was traveling the entire country, every national park and he still says this was the highlight of his trip!DSC07992Asia standing tall on the Summit of Tennent mountain at sunrise after a wonderful night under the stars. Asia is our security guard on backpacking trips, she’s stood up to bear’s that come through camp 4 times now!DSC01382-3Summer sunset atop Sam Knob, I will never forget this night, we all laid in a circle and just stared up at the stars and Milkyway for a few hours. We talked and exchanged stories but it seemed like every other minute we would all scream Oh! Did you see that one? I think we lost count on shooting stars that night.Screen shot 2015-05-18 at 9.38.02 AMI don’t think there is a more stunning place to see the fall colors than is South Western NC. It was starting to get chilly so we were sure to pack the flask here on Black Rock in the Plott Balsam RangeNaturally, we had to ask Steve a few questions after seeing his amazing work.BRO: How did you get into photography?SY: After traveling all over, I decided the iphone just wasn’t going to cut it anymore, the beauty we were witnessing was just too good to not try and hold on to. I picked up my first camera, a Sony A65 shortly after.BRO: How long have you been shooting?SY: It’s been a little over a year now that I’ve been into photography and I recently just upgraded to a Sony A7R with a bunch of old film lenses.BRO: If you could only choose one area in this region to hike and explore and photograph for the rest of your life what would it be?SY: If I had to pick one area to shoot in and explore for the rest of my life it would have to be the Pisgah Ranger District, specifically the Shining Rock Wilderness. Only because the amount of diversity here. There’s countless mountain streams and waterfalls, several picturesque balds, the quartz outcroppings, and most importantly it was the place that got me hooked on the outdoors.BRO: Favorite musician from the  southeast/Mid-Atlantic?SY: One thing I love just as much as these mountains is music, it’s another form of medicine in my book. I would have to say my favorite artist in the Southeast is Jason Isbell. His song writing is so amazing. I can not wait for his new album!BRO: One piece of gear (minus your camera) you wouldn’t head into the woods without?SY: I would have to say my absolute favorite item is my Nemo tent. It’s kind of like a second home to me, sometimes I think I sleep better in that thing than my own home. I ran a set up eno string lights through the roof and it’s perfect for lighting up the tent inside. No more wearing a headlight all night!last_img read more