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Global Coal Acquisitions and Imports: Opportunities and Sustainability Assessment for India
Infraline Energy, May 2011, Pages: 150
In spite of all the excitement surrounding new and renewable sources of energy, coal is anticipated to contribute more than 50 per cent of the primary commercial energy requirements of India till 2032 and beyond. Even though the domestic coal reserves are vast, the demand-supply de?cit of coal is estimated to grow at a CAGR of 17.2 per cent till FY17. Exploration, technical, environmental and logistical issues have forced India to import 11 per cent of total coal consumption, which is expected to rise to 15 per cent for power sector alone by FY17. India's planned investments of more than Rs. 2 lakh crore over the entire coal value chain may not be suf?cient to secure future coal requirements.
Coal import is bound to rise and is re?ected by the recent CEA noti?cation to design boilers with a 70:30 coal blending ratio (indigenous vs. import). Besides blending requirements, superior quality parameters and converging price trends of imported and domestic coal would lead to more imports. Indian companies have grabbed overseas coal assets at lucrative locations such as Mozambique, Indonesia and Australia. Future efforts require a planned politico-economic approach to effectively counteract aggressive players such as China and also de-risking from the rising coal prices and escalating price tag of overseas coal deposits. Australian ?oods and Japan earthquake have resulted in structural changes in global coal trade pattern, along with disruptions from pirate attacks to coal vessels which has resulted in a loss of around $ three billion in global seaborne trade in 2010.
Associated infrastructure related to coal logistics would see a spurt in investment.
The port sector in India needs a complete overhaul with ?uctuating global freight rates and growing need for panamax and supramax vessels for coal import to India. In this backdrop, the authors research team is coming up with its latest report on “Global Coal Acquisitions and Imports” which would focus on promising destinations for coal acquisition strategy by Indian companies. New frontiers such as New Zealand, Kazakhastan require proactive approach to reap the early mover advantage. Certain nations have been identi?ed which offer a favourable prospect for clinching long-term import deals without owning the coal mines and there are others which require infrastructural development to encourage foreign investment.
Taking a view of the changing dynamics in the race for global coal, the authors identify the compelling grounds behind pursuit of foreign coal and the gap areas for the Indian companies in sourcing coal equity abroad. The requirements for improving the infrastructure in India for receiving high quality imported coal have also been identi?ed in this report
Signi?cant highlights of the report are:
- Availability and production shortfall issues for coal in India
- Major Power Plants investments contingent upon imported coal in India
- Players shaping the global coal trade. The bottlenecks around ports and logistics in India Volatility of coal pricing in international trade
- China's strategy for energy diplomacy In-depth analysis of emerging destinations for coal import and acquisition Long term sustainability of imported coal for India
Key Questions Answered:
- Why the growth of coal sector is lagging in India?
- How India has fared against the competitors in the global coal chase?
- Which are the key regions for India to import coal?
- How India can achieve the required mix for sourcing foreign coal?
- What are the challenges and risks that India can face during ventures abroad?
- What strategies should India evolve to ensure continuous and sustainable coal supply?
A Must Buy for:
- Coal Producing Companies
- Coal Mine Developers
- Power Project Developers
- Steel Producers
- Cement Producers
- Environmental Groups
- Equipment Suppliers
- Logistics Providers including Shipping Companies
- Infrastructure Development Companies
- Regulatory Agencies
- Banks, Project Financers and Investment Bankers
- Consultants
- Research and Educational Institutes
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