However, the plant load factor has shown a downward trend. While the decline was due to shortage of coal in the initial years, low demand for power due to financially stressed conditions of discoms, slow growth in economy and increase in renewable-based generation have been responsible for the decline in PLFs in the last 1-2 years.
Coal production has seen an unprecedented growth in CIL’s production in 2015-16. Also, imports of coal fell for the first time in 2015-16 over the past five years. With the rise in domestic coal production and various other policy initiatives of the government, fuel supply to power plants has improved significantly.
On the policy front, the government notified various policies including policy on flexibility in utilisation of domestic coal, automatic transfer of coal linkages, auction of coal linkages to non-regulated sector, and bridge linkages for coal for central and state public sector undertakings aimed at increasing the supply of coal, improving the efficiency of power plants and reducing the cost of generation. Further, in a move to reduce the impact of coal-based power generation on the environment, the government revised the existing water consumption norms and emission standards, and introduced new emission standards which were not in place before (sulphur dioxide, oxides of nitrogen and mercury) for coal-based plants.
With regard to short-term transactions, the Ministry of Power launched Discovery of Efficient Electricity Price (DEEP) e-bidding portal for short and medium term transactions.
The data sources in this report is both primary and secondary. The primary data is obtained from sources such as related ministries, industry experts, private companies, Conferences organized by us for the related sector etc. The secondary sources include annual reports of companies, industry associations, paid databases, web sites, etc. The analysts and researchers combine the information from these primary and secondary sources with their industry expertise to synthesize the data presented in the report. Surveys and interviews are also conducted for this research. For the surveys, Interviews with key players and relevant people in the sector are mainly conducted. They are mostly via telephonic as well as personal interviews.
- Generation Overview
- Coal-based Generation - Size and Growth
- Key Recent Developments
- Recent Policy Initiatives
- Recent Regulatory Developments
- Recent Environmental Regulations
- Coal Demand - Supply Scenario
- Coal Procurement by Source
- Overseas Sources of Supply
- Update on Captive Coal Mining & Coal Blocks
- Coal Prices
- Coal Quality and Grades
- Coal Washing
- Analysis of Existing Plants
- PLF Trend Analysis
- Heat Rate Trend Analysis
- Auxiliary Consumption Trends
- Renovation and Modernisation
- Tariffs and Prices
- Generation Costs: New Plants
- Projects with Coal Supply Issues
- Financial Stress and M&A
- New Project Pipeline
- Impact of Renewables
- Future Outlook