Coal news and updates

India imported 174 Mt of thermal coal in 2014-15

As COP21 came to an end after reaching an accord on carbon reduction among participating nations, a new report from Bloomberg Energy Finance revealed that India, one of the largest emitters of greenhouse gas, imported 174 Mt of thermal coal  during 2014-15.

This is the largest amount of thermal coal the country ever imported in its history, the report said.

While some of the industry watchers think this trend will continue others feel the country’s growing focus towards renewable will reduce the growth rates of coal power production and hence coal demand.

The researchers at Bloomberg Energy Finance NEO 2015 are of the view that India will produce 75 percent more electricity from coal-fired generation in 2030 than in 2015, but at 3.6 percent compounded annual growth rate (CAGR) compared to 6.8 percent during FY04-14.
Moreover, improvements in thermal efficiency of India’s coal-fired generation fleet will result in demand increasing only by 49 percent to 2030, the report said.

Coal currently dominates India’s power generation capacity. A record 19.4GW of coal capacity was added in FY2015.

source: greentechlead