CCAI Newsletter Dec-19

December, 2019 Price: 40/W H E R E S E R V I C E A N D D E D I C AT I O N J O I N H A N D S

Interaction of CCAI Members with the Ambassador of Republic of Indonesia to India, H.E. Sidharto Reza Suryodipuro

Vol. XLVIII No. 09 Published on : 28.12.2019

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CCAI Monthly Newsletter December 2019

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From the Editor’s Desk

Even as the alarm has been hoo ted across the globe to put a leash on coal powered generations to fight the menace of climate change , in India, the dry fuel will continue to constit ute nearly half of the total ene rgy mix for the next couple of decades despite its government’s am biti ous plans to boost renewable energy.

According to the latest Intern ational Energy Agency (IEA ) data, India is the second largest produc er as well as the second larg est importer of coal and nearly 72 percent of the country’s total electric ity is produced by coal-fired plants. This, com bined with the growth of coa l-c onsuming industrial sectors like steel, is why the fossil fuel source will continue to be integral to India’s economy.

Government’s efforts to make a transition towards renewa ble energy like solar, hydel and wind may red uce the country’s dependenc e on thermal power in coming years. An alysts say, coal’s share in Ind ia’s primary energy consumption will dec line from 56% in 2017 to around 48% in 2040 while contribution of ren ewables will rise fivefold to 16 %. But still coal will not loose its significa nce.

Apart from its cost effectivene ss and abundant reserves, coa l in India has deep economic and political significance. Around one mil lion livelihoods depend directly or indirectly on coal power here. Earnin gs from coal constitute almost 50 per cen t of total earnings of sign ificant coalproducing states like Jharkh and and Odisha.

The issue of stranded assets and cheaper electricity tariffs also act as major obstacles in the way of transition to other form of ene rgy sources.

Since 2006, India has added 151 GW of new coal power.

The present value of these assets is around $100 billion. The cost of elec tricity from recently built coal power plants is still cheaper than that from renewable.

Also, Electricity tariffs for res idential consumers are much lower than tariffs for industrial consum ers. So the residential consum ers are less likely to choose renewable ene rgy, unless its price can be bro ught down drastically.

India’s domestic coal consum ption in Financial Year 2018 -19 was 965 million tonnes against its ann ual production of 730 million tonnes. The country’s domestic coal dem and continues to be higher tha n local supply leading to significant coal imp orts.

In a bid to curb import and expedite domestic production , the centre has decided to bring in 10 0% Foreign Direct Investment in the fossil fuel sector which is likely to start from this financial yea r itself. As the domestic coal sector and key foreign players eagerly await the first tranche of commercial auction in the country, many are hop efu l that the move will start a new era Ind ia’s coal scenario.

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Content Vol. XLVIII No. 09 December, 2019

Official Organ of the Coal Consumers’ Association of India. Disseminates News and Views on Coal and all other sources of Energy.

4, India Exchange Place - 7th Floor Kolkata - 700 001 Landline : +91 33 22304488 / 22621516 E-mail : sec.ccai@gmail.com Website : www.ccai.co.in Editor : Subhasri Nandi Annual Subscription Rs. 400/(including postage) MO/DD to be made in favour of “Coal Consumers’ Association of India” CCAI do not necessarily share or support the views expressed in this Publication.

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A Morning with H.E. Sidharto Reza Suryodipuro

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Consumers' Page

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News at a Glance Power

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Domestic

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Global

28 In Parliament 35 Overall Domestic Coal Scenario 36 Monthly Summary Of Domestic Coal Monthly Summary Of Imported Coal & 38 Petcoke 40 Energy Generation Report And Offtake Performance 41 Production Of Cil And Subsidiary Companies CCAI Monthly Newsletter December 2019

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A Morning with H.E. Sidharto Reza Suryodipuro, Ambassador of Republic of Indonesia to India In a bid to explore new avenues of coal trade and movement between India and Indonesia and perceive the functioning of Coal Consumers’ Association of India in the fossil fuel sector, the Ambassador of Republic of Indonesia, His Excellency Sidharto Reza Suryodipuro and his team of distinguished delegates attended a meeting organised by the Association at Kolkata on 17th December, 2019.

The interactive session between the Indonesian envoy and valued members of CCAI was organised to identify potential future co-operation on coal between the two coalpowered nations by engaging with Indonesian coal players with their Indian counterparts.

Apart from the honourable Ambassador, the panel of delegates and officials from Indonesia comprised of Mr. M K Saharia, Honorary Consul

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of Indonesia and will continue to be so in future. He stressed

of Republic of Indonesia in Kolkata, Mrs. Annie Yuliyanti, 1st Secretary Economy, Mr. Noviandri Wibowo, 2nd Secretary Economy, Mr. Ferry Samuel Jacob, Trade Attaché and other staff members from the Indonesian Embassy. Several members of the Association from various leading organisations from both power and non-power sectors also graced the occasion.

The meeting was cordial, engaging and interactive where the prospects and potentials of bilateral coal trade and movement were discussed at length along with the current coal scenario and environmental concerns centering the usage of dry fuel.

At the outset, CCAI Secretary General Subhashri Chaudhuri welcomed the envoy, his team of delegates on behalf of the Association and its members.

Her opening remarks highlighted the relentless efforts of Association to work as a bridge between the producers, transporters and consumers of the fossil fuel since it was established in 1945. She said CCAI would be keen to work closely with the Indonesian Embassy in matters related to coal.

The Ambassador congratulated the Association for organising the meeting and said India is an important trade partner

on the importance of providing good and stable environment for the bilateral trade to flourish. The envoy noted that India had imported Indonesian coal worth USD 6 million in the last financial year (FY 201819) and the ongoing import in the current financial year also looks steady.

Talking about India Government’s decision to allow 100% Foreign Direct Investment (FDI) in the coal sector, His Excellency pointed out that private sector should come forward for the betterment of the industries of the both the nations. He said meaningful discussions should be held with Indian coal consumers on Indonesia’s coal export regulations in order to clear out doubts from the mind of buyers (if any).

Expressing concerns over the natural disasters around the world eminently caused by global warming, he said like all other thermal power producing countries, Indonesia also recognises the derogatory impact of coal on environment and is doing its bit to maintain environmental sustainability.

However, the envoy assured that the country’s environmental policies will not affect the coal export.

“Indonesia can learn a lot from India regarding its conscious thrust towards solar, wind and other renewable energy sources. There should be more exchangers between the two countries at the research level, to enhance clean coal technology,” His Excellency said.

His Excellency also urged the Association to form a core committee with its members and organise quarterly meetings with the Indonesian Embassy so that the bottlenecks of coal trade and movement between the two nations can be better addressed.

Attending organisations from CCAI Damodar Valley Corporation, Hindalco Industries Ltd, India Power Corporation Limited, Super Smelters Limited, Adani Group, Birla Corporation, RPSG Group, Jindal Steel and Power, Shyam Group, KCT Group, Rawmet Resources.

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CONSUMERS’ PAGE Present Coal Scenario Total coal production achieved by CIL was 58.02 million tonnes in December 2019, a growth of 7.2% compared to 54.14 million tonnes in December 2018. For the period AprilDecember 2019, the miner has produced 388.41 million tonnes, lower by 5.8% compared to 412.44 million tonnes in the corresponding period of previous year.

Total offtake was 53.63 million tonnes in December 2019, a growth of 1.9% compared to 52.61 million tonnes in December 2018. For the period April- December 2019, the coal offtake was lower by 6.2% at 417.26 million tonnes compared to 444.63 million tonnes in the corresponding period of previous year.

Consumers’ Concern 1. Coal Stock Position Power plants are having healthy coal stock at present as stock at power plants stood at 31.63 million tonnes sufficient for 18 days’ consumption. Total stock at pitheads of CIL Subsidiaries at the end of December 2019 is 25.3 million tonnes, ahead by 2.1 million tonnes than same period of last year. Increase in coal production by CIL is leading to liquidation of arrears for non power sector as well.

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2. Non-receipt of Referee Analysis Report, reconciliation and credit notes from different CIL Subsidiaries and request for formulation of a suitable policy for all Subsidiaries

Coal Companies in this regard.

In spite of depositing the required amount to the Referee Laboratory for analysing the samples consumers have challenged, they have not received Referee Analysis Reports since long. Due to non-receipt of these reports entire reconciliation procedure is held up at different Subsidiary Coal Companies resulting in enormous delay in issuance of credit notes by the Subsidiaries.

5. Request for allowing coal consumers to participate in the upcoming NRS Linkage Auction Tranche V who could not procure coal either due to non-materialisation of their FSAs or their FSAs got terminated or are on the verge of termination for various reasons

CIL has been requested for formulation of a suitable policy so that such situation does not arise in future.

3. Price hike in WCL WCL has increased price of coal in 11 mines of specific areas starting from 13 percent in G2 grade to even in the tune of 63 percent for power sector and more than 52 percent for non-power sector in G15 grade of coal compared to last notified price.

Consumers have requested to revisit the decision and continue with the earlier coal price in these mines.

4. Request for implementation of IRLC mechanism by CIL Subsidiaries Though IRLC mechanism is embedded in FSAs of new State Gencos and new Private Power Utilities and provision is provided in other model FSAs of Power Sector but in reality only a very few IPPs are availing the benefit of this mechanism.

Understanding the constraints of working capital of the industries being stuck up for so many months though Coal India Limited has also considered the request of Non-regulated sector consumers for allowing sale of coal through IRLC except road mode but no notification has been received by the consumers so far from the

Therefore, consumers have requested for compliance of the IRLC mechanism at the earliest.

A few fertilizer companies have requested for extension of the said facility to them also.

Some of the successful bidders of other tranches of NRS Linkage Auction could not procure coal due to non-materialisation of their FSAs or their FSAs got terminated or are on the verge of termination for various reasons.

These consumers have requested for allowing them to participate in the upcoming NRS Linkage Auction Tranche V with sufficient quantity for smooth functioning of their plants.

6. Performance Incentive Invoices issued by SECL for pending rakes Consumers in the CPP sector have stated that they are in receipt of Performance Incentive (PI) invoice from SECL based on assumed quantity delivered against pending allotments for the year 2018-19. As per the terms of FSA, PI is to be charged by the coal company for actual delivered quantity.

Therefore, consumers have requested SECL to issue fresh PI Invoices based on actual number of rakes delivered against the mentioned Financial Year.

7. Non-receipt of coal from Baroud and Mahan collieries of SECL Though payment has been made by the consumers for their allotments but they have neither received any Road Delivery Order nor the lifting process has been started from Baroud and Mahan collieries of SECL. CCAI Monthly Newsletter December 2019

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Therefore, these consumers have requested SECL to resolve the matter at the earliest as their production process is highly dependent on that coal.

— RAILWAYS — 8. Cancellation of rakes due to nonavailability of coal from SECL & WCL and charging of wagon registration fees by Railways Number of rakes to the industries (including CPPs) have been cancelled from different Sidings of SECL and WCL as the loading did not commence within stipulated time due to nonavailability of coal. Railways are also charging wagon registration fees from the consumers for cancellation of these rakes.

Consumers have requested for formulating a suitable policy so that the cancelled rakes are revalidated and seniority of such long awaited rakes do not get lapsed. Wagon registration fees should not be charged by the Railways as well for no fault at the consumers’ end.

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9. Request for inclusion of PCI as a separate commodity in the online indenting platform DRM office does sanction the railway programmes under the names of PCI, Coking Coal, Anthracite etc. However once the programmes are sanctioned by DRM office under the heading of ‘PCI’ and consumers try to place an indent under the heading or description of PCI the on line system does not show PCI but it shows anthracite.

Therefore, coal consumers have requested DRM to include PCI as a separate commodity in the on line indenting platform.

10. Shortage of coal quantity in rakes Consumers both in the power and non-power sectors have witnessed shortage of 2 to 6% coal quantity in the rakes received by them from almost all the CIL Subsidiaries. In a few rakes, shortages have gone up to even higher. Authorities should intervene into the matter in order to resolve it.

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POWER Power ministry unveils norms for allocating coal linkage to plants without PPAs Power plants not having power purchase agreements (PPAs) will start getting coal supplies or linkages under auctions from Coal India Ltd and Singareni Collieries Company Ltd in few months, which would help reduce stress in the sector.

According to methodology issued in this regard by the Union Power Ministry, Coal India Ltd (CIL) and Singareni Collieries Company Ltd (SCCL) will earmark coal mines for supply to such power plants and auctions would be done every quarter.

Earlier, PPA was a pre-requisite for getting coal linkage. But, the government relaxed the norms under SHAKTI or the Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India, policy this year in March.

The methodology provides that within 45 days (by January 16, 2020), the coal companies, CIL

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and SCCL, will earmark areas and mines within their subsidiaries that will be allocated for use as per these guidelines and publish the same on their websites indicating the quality of coal (gross calorific value/grade), the quantum of coal available, period for which such coal shall be made available and the schedule for start of supply of coal.

It also provided that auctions for coal linkage under this methodology shall be carried out every quarter to cater to the dynamic requirements and demand variations in short-term and day-ahead markets.

Independent power producers allowed to use Coal India supplies across plants Independent power producers will now be allowed to use contracted fuel supply from Coal India at any plant run by the same group, a senior executive at the state-run firm said.

This is expected to reduce the cost of power generation making them more competitive because if a power company has separate fuel supply agreement for each plant, it can transfer coal from one plant to another. This would also reduce transport cost and take the load off railways during peak season.

The beneficiary plant would only need to provide an affidavit to Coal India affirming that the additional coal supply beyond the annual contracted quantity for a particular plant shall only be used for generating power for distribution under longterm power purchase agreements with power distribution companies.

Coal India board has recently allowed this category of plants, around 40 in numbers, to avail a facility which was so far being enjoyed by state and central government-owned power plants.

“Interplant transfer of coal for private power producers will lead to better usage of coal and its transportation; leading to efficiencies and benefits to consumers,” said Ashok Khurana, director general of Association of Power Producers.

During 2018-19, Coal India supplied 99 million tonnes, about 16% of their production to independent power producers, which is estimated to have generated 22,000 MW of power.

Govt plans Ordinance to ensure power pacts are honoured The Centre plans to take a major initiative in the power sector with an ordinance to ensure sanctity of contracts, restrict cross-subsidisation of consumers and force utilities to pay their bills on time, a move that can go a long way in making electricity generation and distribution attractive for investors.

The Centre is working at bringing fairness, transparency and supporting the investment climate in the power sector. The industry requires consistency in policy and delivery, lack of which is affecting the power sector,” a senior government official said.

“The ordinance proposes to ensure the sanctity of power contracts and that the discoms pay in

time. The discoms should function on commercial principles and the states should disburse the subsidies on time. It also proposes to ensure that the regulators are truly independent to be able to enforce that payments are made by parties in time,” he said.

The proposed ordinance seeks to empower state regulatory commissions to uphold the sanctity of all contracts executed between power producers and distribution companies.

The ordinance also proposes to address delays in tariff adoption by state and central electricity regulators. As per the proposal, tariffs determined through transparent bidding process have to be adopted by the concerned regulators in two months. If this is not done, the power producers or the distribution companies will have the right to appeal to the Appellate Tribunal for Electricity to get tariff adopted within two months.

Power plants set to miss deadline, again With the December 31 deadline for installing emission reduction equipment in coal-based power plants with combined capacity of 14,000 megawatt (MW) looming, over 90% of the capacities have yet to do so, meaning thereby that unless the Central Electricity Authority relaxes the rule, they will require to shut down by the year-end. According to the data compiled by the CEA, among the non-compliant capacities, 6,100 MW belongs to state governments, 3,300 MW to NTPC and the remaining to private companies.

Among the power plants given the deadline to cut emission levels, 11 with total capacity of 12,800 MW are located in Haryana, Punjab and Uttar Pradesh.

Their upgrade was expected to play a role in controlling the high pollution levels in the National Capital Region. However, it is learnt that CLP India’s 1,320 MW Jhajjar Power plant is the only station to have commissioned such equipment among these 11 units so far. Emails inquiring about the development on this front sent to the CCAI Monthly Newsletter December 2019

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state-owned power generating companies have remained unanswered for over a couple of days.

According to the plan, another 26,330-MW power capacities are required to instal the flue gas de-sulphurisation (FGD) units in 2020, 64,268 MW in 2021 and 64,055 MW in 2022.

It requires an estimated Rs 27 lakh-45 lakh per MW for FSG installation, so the total cost of first phase of 14,000 MW is between Rs 3780 croreRs 6300 crore.

India's Coal Power Generation to Increase At 4.6% Till 2024 Says IEA In 2019, global coal power generation will experience the biggest drop ever and coal power generation in India will probably decline for the first time in 45 years, according to according to the International Energy Agency's latest market analysis and forecasts. Coal still fuels India's robust economic growth. India aims to become an economy of USD 5 trillion by 2024, in part by investing heavily in infrastructure.

This will boost energy demand for industry and, especially, for electricity production. Although India has succeeded in bringing some form of electricity access to almost all of its citizens, the country's per capita power consumption is still low, giving it significant scope to grow. Power generation from renewables is forecast to expand strongly, with wind capacity doubling and solar photovoltaics (PV) increasing fourfold between 2018 and 2024. But that is not enough to prevent coal power generation increasing by 4.6% per year through 2024.

Power ministry scraps relief scheme to thermal plants owing state discoms’ lack of interest The Power Ministry has scrapped the auction to procure 2,500MW electricity for medium term (three years) under a scheme to provide relief to thermal power plants plagued by short coal supplies, state-run NHPC said on Monday. Accord-

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ing to sources, lack of interest from state power utilities due to a higher tariff of Rs 4.41 per unit discovered through the reverse auction process led to the cancellation of the auction.

The power ministry now has advised nodal agency Power Finance Corporation -arm PFC Consultancy Ltd (PFCCL) to call the bids again.

Under the scheme, the NHPC as an aggregator was in the process to finalise supply of 2,500 megawatt (MW) through various coal-based thermal power plants for medium term at a tariff of Rs 4.41 per unit discovered in a reverse auction.

One of the main objectives of the scheme is to provide coal linkage to the functional power plants that are starving for fuel in the absence of coal linkages. A long-term power purchase agreement (PPA) with a discom is a prerequisite for getting a coal linkage.

The scheme was to involve transaction of electricity of around 18,615 MUs (million units) at 85 per cent PLF (plant load factor or capacity utilisation) of 2,500 MW and turnover of more than Rs 7,000 crores on yearly basis. The NHPC had to get trading margin from discoms under the scheme for providing services as an aggregator between generator and buyer/utilities (discoms) as trader.

Central government weighs bailing out clean energy firms The Centre is considering offering state governments concessional loans from public sector lenders Power Finance Corp. (PFC), Rural Electrification Corp. Ltd (REC) and Indian Renewable Energy Development Agency (IREDA) to help power distribution companies clear green energy dues.

These three companies are the largest lenders to the power sector, and the move is expected to resolve a growing crisis in the clean energy sector even as India chases ambitious targets in renewable energy.

The loans are expected to be made available at cost plus nominal fee to help clear the backlog

that has resulted in electricity distribution companies (discoms) owing ₹67,237 crore at the end of October for power bought from generation companies (gencos). In return, the respective borrowing state governments will have to either offer a sovereign guarantee or escrow one or more of its revenue streams to the lender.

The mounting outstanding dues to the generators had the potential to dent India’s image as a clean energy champion and comes when new solar tenders of around 15,000 megawatts are in the pipeline.

According to government documents reviewed

by Mint, “the state government would use loan amount strictly for making payments to RE (renewable energy) generators on Fifo (first in, first out) basis. For receiving loans, the state governments would undertake to make payments in future to the RE generators on time".

Government has Released Nearly 85 Billion on Solar Programs Since 2016: RK Singh Union Power Minister RK Singh stated that as of October 31, 2019, the total grid-connected solar power generation power capacity in India stood at 31,696 MW, with 17,998 MW of projects at various stages of development. Tenders for 36,278 MW of projects have been issued and 15,000 MW of capacity is scheduled to be issued over the remaining period of the current financial year and the next.

He reiterated that the government is on course for achieving the country’s target of installing 100 GW of grid-connected solar power capacity

by December 2022.

The minister also added that most of the solar projects in the country have been and will be set up with the help of private investors. Singh noted that, as of October 1, 2019, the Ministry of New and Renewable Energy (MNRE) had released funds for about ₹85.19 billion (~$1.19 billion) on solar power programs in the country since 2016.

In response to a separate inquiry from the Lok Sabha, Singh, he noted that 126.75 billion units of electricity were generated through renewable sources in the country constituting for 9.21% of electricity generated from all sources in the last financial year.

With reference to the issue of DISCOMs delaying payments to the tune of ₹100 billion (~$1.4 billion), Singh mentioned that the Andhra Pradesh, Tamil Nadu, Telangana, Karnataka, Madhya Pradesh, Rajasthan, and Maharashtra DISCOMs have had outstanding dues to wind and solar energy developers, with some cases where payments have not been made in over a year.

Renewable Energy: Some wind in solar auction sails Notwithstanding investor sentiment taking a hit after the ratings downgrade by ICRA for 1.9 GW of installed capacity in the solar and wind power portfolio, the Solar Energy Corporation of India (SECI) has scaled up the auction process for renewable energy (RE) projects, with 1.3 GW of solar projects being auctioned in October, an increase of 36% over the preceding month. The overall solar capacity addition of 2,170 MW in the third quarter of the ongoing fiscal has registered a rise of 36% over the 1,510-MW capacity added in the second quarter.

However, tendering for RE projects continues to be slow. According to ICRA, the overall tendering for solar PV projects aggregated to a mere 2.9 GW in the first six months of the fiscal, a decline of 28% y-o-y, with many offers remaining under-subscribed.

RE capacity addition in the first seven months of the fiscal saw a rise, standing at 5.8 GW, compared to 3.0 GW in FY19. Solar installations of 3.5 GW in 7MFY20 represented a 52% jump over the 2.3 GW added in 7MFY19. The government had targetted RE capacity addition of more than 15 GW in FY20, of which 69% was expected to accrue from utility scale projects.

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Wind woes increase in India, world's cheapest market, as delays pile up threatening nation’s renewable-energy ambitions More and more wind farms face delays in India as developers struggle to make their projects work in the world’s cheapest market.

About 2 gigawatts of wind power generation auctioned by the federal government since February 2017 is running behind schedule, according to Bloomberg NEF. That number has more than quadrupled since February, threatening to derail the nation’s renewable-energy ambitions.

Developers are having difficulty finding affordable land, getting financing and connecting to grids after accepting some of the world’s lowest green energy tariffs over the past two and a half years. On top of that hangs the uncertainty whether they will be paid on time by discoms.

Adani Green Energy Ltd., Torrent Power Ltd. and Renew Power Ltd. are among companies that have missed the targets.

“With such low tariffs, projects can be viable only if they have access to low-cost funds, cheap land and inexpensive transmission infrastructure. Unfortunately all these three are found wanting for most wind projects,” said Prashant Khankhoje, a director at India Electron Exchange.

India started auctioning wind projects in 2017, ditching a previous system that had feed-in tariffs for developers. The auctions saw aggressive bidding from developers, which led to a drop in prices.

The need to keep costs down amid the increasing competition also led to financial difficulties at some turbine makers, such as Suzlon Energy Ltd., impeding their ability to execute projects on time.

Government plans new scheme to revive 24,000-MW gas power plants 16 | CCAI Monthly Newsletter December 2019

The government is working on a scheme to salvage 24,000 MW of stressed gas-based power plants, built at an investment of over Rs 1 lakh crore, by importing natural gas and bundling the output with cheaper solar energy.

The power and petroleum ministries are working on the new proposal. The earlier scheme entailing subsidy has been shelved. The proposed new scheme will offer no subsidy and hopes to help operate the power stations at 90% capacity by selling the bundled power.

A senior government official said the earlier proposed e-regasified liquid natural gas scheme (e-RLNG), which involved an e-auction, was successful when there was electricity shortage in the country. He also said that in the later tranches, the scheme did not garner much interest from the developers.

He said bundling of solar power with an equal amount of gas-based power is expected to result in lower cost of production than blending domestic and imported gas-based power.

Administrative, financial approval given for 12 new nuclear reactors for power generation: Government The government has given administrative and financial sanction for 12 new reactors with a capacity of 9000 megawatt to expedite nuclear power generation in the country, Rajya Sabha was told on Thursday.

During the Question Hour in the Rajya Sabha, Union minister for Atomic Energy Jitendra Singh said there are presently nine reactors under construction and pre-project activities are in progress at the 12 reactors accorded sanction.

"The government has accorded administrative approval and financial sanction for 12 new reactors with a capacity of 9000 Mw, in addition to the reactors already under construction to speed up nuclear power capacity addition," Singh said.

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DOMESTIC Coal Min to set up sustainable development cell to promote clean mining The Ministry of Coal has decided to establish a Sustainable Development Cell (SDC) in order to promote environmentally sustainable coal mining in the country and address environmental concerns during the decommissioning or closure of mines.

This move gains significance as the new private entities are now going to form a significant part of the future.

The Ministry said the SDC will adopt a systemic approach, starting from collection of data, analysis of data, presentation of information, planning based on information; by domain experts, adoption of best practices, consultations, innovative thinking, site-specific approaches, knowledge sharing and dissemina-

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tion and finally end with an aim to ease the lives of people and communities in general.

The SDC will focus on land amelioration and afforestation, air quality, emission and noise management, mine water management, sustainable overburden management, sustainable mine tourism, planning and monitoring. It will also monitor the effective utilisation of the Mine Closure Fund and environment budgets of different coal companies.

Govt earmarks Rs 937 cr for exploration of non-CIL blocks in FY'20 The government has allocated Rs 937 crore for exploration of mines that are not associated with Coal India, for the ongoing financial year, Parliament was informed.

Of this fund, Rs 120 crore has been earmarked for regional exploration and Rs 817 crore for detailed drilling, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha.

Regional exploration has been planned for 37 coal blocks and 10 lignite blocks whereas detailed drilling has been planned for 121 coal blocks and one lignite block, Joshi said adding that such exploration programme is approved every year.

Exploration of non-CIL coal blocks is carried out under the Central Sector Scheme 'Exploration of Coal & Lignite' of the coal ministry.

Under this scheme, both regional exploration and detailed drilling of these blocks are conducted.

Coal India eases credit norms for companies in non-regulated sector Coal India, the world’s largest miner, plans to give 10-15 days credit period to companies operating in the non-regulated sectors such as steel, cement, and aluminium. These companies, which are called customers in Coal India parlance, had to make an upfront payment before despatch.

Previously, such credit facility was available only to power generating companies.

“NRS customers are large in numbers and working capital blockage in coal movement by rail was, of late, found to have a bearing on their health. With the introduction of this relaxed norm NRS customers can breathe easy and this move will help in sustaining their growth as well,” a Coal India release said.

Earlier, a significant amount of money deposited by non-power sector consumers against coal despatched through rail mode was locked up in the form of advance and it could not be utilised by steel and other non-power companies in subsequent coal purchases.

Coal India added that under this new mechanism, consumers from non-regulated sector (NRS) have to furnish a bank guarantee of the

amount of purchase and it has to be replenished from time to time. In this case, an Irrevocable Revolving Letter of Credit will be issued for coal supplies through rail mode and this can be used to avail credit.

CIL in talks with Russian company for extraction, import of coking coal Coal India (CIL) is in talks with Russian coal company Vostok-Coal-Diskon to participate in the extraction of coking coal and its imports from mines in the Siberian districts of Russia, Coal India executives said.

Vostok Coal-Diskon is developing coal extraction facilities at the Taimyr coal basin of Taymyr Peninsula in central Siberia. It has been exploring the area since 2016 and has recently opened two deposits that would touch peak capacity of 30 million tonnes a year.

“The Indian government is in dialogue with Russia for importing coking coal and participate in its production,” a senior Coal India executive said. “As part of this dialogue, and as a coalproducing company, we are in dialogues with Vostok Coal and would either import or participate in coal production as directed by the Centre.”

As a first step, Coal India signed MoUs with two Russian entities in September. The first was with Far Eastern Agency for Attracting Investments and Supporting Exports, for cooperation in mining coking coal in the Russian Far East and Arctic Region. The second MoU was between Coal India and Eastern Mining Company for exploring, identifying, sourcing, negotiating and consummating mutually beneficial investment opportunities in mining in the Russian Far East.

International coal companies needs time to understand Indian market: World Coal Association Chief CCAI Monthly Newsletter December 2019

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International companies will require time to understand India's supply chains and how to meet growing demand of coal, following opening up of the Indian coal sector to foreign direct investment, feels World Coal Association.

nology. Our countries reach the highest level of maturity in bilateral relations, so we can work not only in India and Russia, but in the third countries also,” Managing Director of Zyfra Pavel Rastopshin said.

“As with any large and complex investment decision, there are many risk factors to consider when investing in energy – the location of the blocks, transportation logistics, the prospect of further blocks coming to auction in order to grow your position, the end-user like power sector or for iron ore and steel, just to name a few.

Investors will take their time to properly consider all of these elements as they would in any market. And it is these elements that will guide investment and the speed of the opening up of the coal sector in India,” World Coal Association chief executive Michelle Manook said.

Zyfra’s Intelligent Mine solution includes a mine fleet management system, automated drilling and blasting control system, payload and fuel level monitoring system, which allow allocating mining equipment, creating a schedule and assigning routes to mobile equipment according to the production objectives in real-time. Payload and fuel level monitoring system allow optimizing average payload of haul trucks and eliminating under and over loading.

“We can see from the recent government-togovernment initiatives between India and Russia over the import of metallurgical coal that the Indian government understands the importance of government policy which encourages investment security and diversity,” Manook said.

“What is also clear is that coal will remain the main energy source in India for the next 30 years and that investment in the coal industry is vital to modernising the coal industry, particularly through innovation. This will create efficiencies along the production chain and also create better and cleaner energy for consumers,” she added.

Mining automation project furthers Indo-Russian energy partnership India will soon have its first “Intelligent Mine” – a joint project between Finnish-Russian digital solutions provider Zyfra and the domestic firm Thriveni Earthmovers Private Limited (Thriveni).

Thriveni has awarded Zyfra the contract to implement its Intelligence.

“It will be the first Indo-Russian project of this scale in the field of innovation. We hope that it will send a signal to other companies from India and Russia that a huge untapped potential lies in the field of digitalization and information tech-

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The main barrier for commercial projects is a lack or absence of data, which correctly describe undergoing process. Successful results are mainly achieved by interdisciplinary groups consisting of data scientists, IT specialists and subject matter experts.

RAILWAYS Indian Railways may rationalise fare, cut freight rates to boost economy The railways may cut freight rates in a bid to boost economic growth, besides “rationalising” passenger fares. While Railway Board Chairman V K Yadav refused to say if passenger fares would see an increase, he hinted that freight rates might be reduced.

In September, the railways had announced several incentives to boost freight traffic. These included deferring the levy of busy season charge, waiving the supplementary charges applicable to loading rakes, and introducing the round-trip charge on container traffic.

The railways has been hit hard by the economic slowdown, with earnings from passenger fares dropping significantly. Passenger earnings stood at Rs 40,415 crore in the April-December

period of 2019-20, according to Rail Drishti, the national transporter's publicly available monitoring platform. Passenger earnings stood at Rs 51,066 crore in 2018-19.

South Eastern Railway earns Rs 9330.02 cr from freight sector South Eastern Railway (SER) has earned Rs 9330.02 crores from freight sector during the first eight months of 2019-20, loading 110.71 million tonnes of cargo, an official said here on Wednesday.

Maintaining its growth in freight loading and earnings during April-November of 2019-20, SER has registered an increase of 9.49 per cent in cargo movement, in comparison to the same period of last year in which it loaded 101.11 million tonnes, SER spokesman Sanjoy Ghosh said.

The Kolkata-headquartered zonal railway has also surpassed the Railway Board's proportionate target for the same period by 4.91 per cent, loading 5.18 million tonnes more than the target, Ghosh said.

tured in adequate quantity in the country is essential for supporting manufacturing sector,” he noted.

Responding to supplementaries, the minister said there is plan to set up a green field steel plant by RINL in Visakhapatnam with an international player

Steel prices to go up by Rs. 1,000 a tonne in January Steel prices are set to go up for the third consecutive month in January following revival in domestic demand and firm price trend globally.

Just like in many other metals, steel companies in India take price signal from global markets.

Despite the prices going up in last two months, demand has been holding strong in both automobile and infrastructure sectors on restocking by dealers. Following this, steel companies have intimated that Hot-rolled coil prices will be increased to Rs. 700-1,000 a tonne in January, said a stockist.

STEEL

In November, steel manufacturers hiked prices for the first time in this fiscal by Rs. 500-750 a tonne and followed this with another rise of Rs. 750-1,000 this month.

India increasing steel production; net exporter this year: Pradhan

Steel prices were falling consistently since April and touched a low of Rs. 32,500 a tonne in September from the peak of Rs. 45,000 late last year.

India has been consistently increasing domestic production of steel and is a net exporter in the current financial year, Union Minister Dharmendra Pradhan said.

He also said the total number of steel plants in the country stood at 977.

“The import of steel has increased marginally in the last three years from 7.23 million tonnes in 2016-17 to 7.83 million tonnes in 2018-19,” he said.

“To counter import of cheap steel, anti-dumping duties have been imposed on various grades of steel which were dumped into the country.

“Import of steel grades which are not manufac-

Globally, steel prices have gone up by $60-70 (Rs. 4,200-4,900) and this is expected to have a rub of effect on Indian steel prices. Steel companies have hiked prices by Rs. 1,000-2,000 a tonne.

Govt wants states, PSUs to help boost steel capacity The steel ministry wants state-run units under its supervision, such as SAIL and RINL, and state governments to come up with various enablers such as encroachment-free land and steady supply of raw material to help the industry build CCAI Monthly Newsletter December 2019

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25-30 million tonne (MT) additional steel production capacity through the green field route by 2024-25.

An estimated Rs 1-1.5 lakh crore investment would be required to create the targeted capacity. India’s current steel capacity of 142 MT is being augmented by 28-30 MT through the brown field route by 2024-25. The ministry envisages it would be imperative to create additional capacity through the green field route to meet the projected 160 MT consumption target by 2024-25.

The steel ministry will do its bit, including facilitating single-window clearance for forest and environment, liaise with different agencies for iron ore linkages, etc to help the industry in creating the additional capacity. But it wants two potential routes, driven by steel CPSEs and state governments to operationalise the plan.

The steel ministry proposed three models for the states to follow for enabling the industry to set up green field units with capacity of over 4 MT each. The first option is for the states is to identify a suitable land parcel and a mine for end-use and auction the combine to the end-users through a fair and transparent process. Secondly, the combined auctioning of an identified land by the states and a guaranteed long-term raw material linkage from state-owned PSUs and lastly, jointly auctioning of land parcel and a minority 26% share transfer for the end-user for setting up the green field facility.

CEMENT

Cement demand unlikely to improve much in Q3 With government-led construction activity remaining weak and housing demand refusing to pick up, cement manufacturers are staring at another quarter of weak demand and declining margins.

According to channel checks run by brokerages, overall demand has been muted so far in the current quarter (Q3FY20), growing at just 2 per cent year-on-year after having contracted by 2

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per cent during the first two-quarters of the fiscal.

The fall in demand combined with a supply glut in certain regions has also led to a fall in All-India cement prices, though the North and Central regions are recording significant demand growth.

“Cement demand in October 2019 (latest available official data) has shown a decline of ~7.7 per cent per cent y-o-y, pointing towards a weakness in demand…Year-to-date growth has also declined by 0.5 per cent. This was the first YTD decline in FY20,” noted Centrum Broking analysts, adding that channel checks indicate the general lull in economic activity has prompted demand deferment in large parts of the country.

“This is due to weak construction activity from unseasonal rains, low government spending and low housing demand,” Motilal Oswal’s report observed.

In parallel, all-India cement prices have fallen by about 3 per cent compared to the previous quarter and by 9 per cent from their peak in May this year. “We estimate that the sector margin will contract sequentially in Q3FY20, mostly in the east and west, where prices are down by 4-5 per cent QoQ,” Centrum Broking said.

India's demand recovery delayed to second half of FY21 Growth of Indian cement demand fell short of expectations in Fiscal Year (FY) 2019-20 and no major recovery is expected until after the 2020 monsoon, according to analysts quoted in a report in the Business Standard.

The sector is expected to end both the calendar as well as the financial year with flat demand growth, which is well below expectations for 5 to 6 per cent growth forecasts at the start of the year.

“The general elections in Q1, and subsequently, heavy rains in most parts of the country had taken a toll on demand consumption and even the latter part of the calendar year failed to put up an impressive show,” explained Shailendra Chouksey, whole-time director for JK Lakshmi Cement.

GLOBAL World demand for coal falls despite growth in Asia A report from the International Energy Agency (IEA) found that Global demand for coal has fallen this year for the first time in two years as Europe and the US turn their backs on coalfired power plants in favour of cheap gas and renewable energy.

The world’s energy watchdog said it is too soon to say whether the global appetite for coal would continue to decline because the fate of the industry rests largely in the hands of China’s policymakers.

Coal remains the world’s single largest source of electricity generation, half of which is produced in China and used to power Chinese power plants.

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Top IEA official said is not the end of coal” because Asia’s demand for electricity is continuing its steep ascent fuelled by strong economic growth and a growing number of homes with access to electricity.The region’s share of global coal power generation has climbed from just over 20% in 1990 to almost 80% in 2019, meaning coal’s fate is increasingly tied to decisions made in Asian capitals.

The IEA expects coal-fired electricity to rise only marginally between 2020 and 2024, at less than 1% a year, which should see its share of the global electricity mix fall to 35% in 2024 from 38% last year. But the forecasts could deviate widely, depending on China’s energy policy decisions in its next five-year plan, covering 2021 to 2025.

China coking coal futures rise after Guizhou halts production at smaller mines Coking coal futures in China advanced on Thursday, rising as much as 1.4% in early trade, after the southwestern province of Guizhou ordered smaller mines of the steel-making ingredient to suspend production.

The Guizhou province has instructed coal mines with an annual capacity of less than 300,000 tonnes to halt production, after an accident killed 16 people, state media Xinhua said on Wednesday.

suggest a willingness to lean on coal for power, especially in old mining regions.

Beijing promised this year to show the “highest possible ambition” when revising its emissions pledges next year, although it did not commit to more stringent binding targets. But it has built 42.9 gigawatts of new coal-fired power capacity since the start of last year, with another 121 GW under construction.

As it looks to stimulate the economy, Beijing may face less internal pressure to accelerate carbon cuts after hitting previous targets with relative ease.

The most traded coking coal futures on the Dalian Commodity Exchange, for January 2020 delivery, jumped to as much as 1,260 yuan ($179.01) per tonne on Thursday. They were up 0.5% at 1,249 yuan per tonne by 0229 GMT.

China brought down carbon intensity - CO2 generated per unit of economic growth - by 45.8% from 2015-2018, beating its target by two years.

Some forecasts say it could bring CO2 emissions to a peak by 2022, eight years ahead of schedule.

Benchmark iron ore futures, for May 2020 delivery, rose 0.9% to 642 yuan per tonne, recovering some of the losses recorded in the previous two sessions.

Top 10 US coal producers' market value plunges 59.4% January to November, 2019

Coke futures on the Dalian exchange, for May 2020 delivery, firmed 0.8% to 1,874 yuan per tonne.

The market capitalization of five of the top 10 U.S. coal companies was sliced by more than half from early January to mid-November.

In China, coal creeps back in as slowing economy overshadows climate change ambitions

Those top 10 producers' market value totaled about $4.42 billion as of Nov. 22, a 59.4% drop from $10.88 billion as of Jan. 8, according to data compiled by S&P Global Market Intelligence. The group of companies saw doubledigit percentage declines in market capitalization from Jan. 8 to Nov. 22 as domestic demand waned and the seaborne market weakened.

China is building more coal-fired power plants and approving dozens of new mines, despite assurances from the world’s biggest greenhouse gas emitter that it was serious about fighting climate change.

China’s 2021-2030 policy plans are under close scrutiny as the United Nations climate change conference gets under way in Madrid, especially after a new UN report said the world needs to cut carbon dioxide by 7.6% a year over the decade in order to limit temperature rises.

But with the country’s economic growth at its slowest in nearly 30 years, industry data as well as speeches from leaders and industry officials

While Cloud Peak Energy Inc. and Westmoreland Coal Co. may have been among the nation's top producers previously, they were excluded because both companies filed for bankruptcy protection during the last year or so and subsequently sold off or transferred their assets.Peabody Energy Corp., which has been hailed as the leading U.S. coal producer, saw its value plummet 73.5% to $914.8 million on Nov. 22 from nearly $3.45 billion as of Jan. 8. That decline dropped Peabody down to third place in CCAI Monthly Newsletter December 2019

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terms of market capitalization, behind Alliance Resource Partners LP and Arch Coal Inc., the only two U.S. producers with a value exceeding $1 billion as of Nov. 22..

U.S. coal production employment has fallen 42% since 2011 The U.S. Energy Information Administration’s (EIA) Annual Coal Report shows that coal mining employment has declined in the past decade as coal demand has decreased. Most U.S. coal is consumed in the electric power sector and has faced increased competition from electricity generation from natural gas and renewable technologies. U.S. coal mining employment fell from a high of 92,000 employees in 2011 to 54,000 employees in 2018, with the most dramatic decrease in the Appalachian region.

Annual U.S. coal production peaked in 2008, three years before coal mining employment reached its record high. In 2008, the United States produced 1.2 billion tons of coal from 1,458 mines. Since then, coal production has fallen and many mines have closed: in 2018, U.S. coal production was 756 million tons from 679 mines. As was the case with employment, much of coal’s production decline was concentrated in the Appalachian region.The decline in operating mines has been steeper than the changes in employment and production. EIA’s review of operating mines showed that smaller mines have had greater difficulty competing in the current market and have been the first to close.

As smaller, less productive mines were idled or closed, overall coal labor productivity, measured in tons per labor hour, gradually increased from 5.2 tons per labor hour in 2011 to 6.2 tons per labor hour in 2018.

budgets render them uneconomic, according to a new assessment by the Australian Energy Market Operator.

The energy market operator predicts rooftop solar capacity will double or even triple, providing up to 22% of total energy by 2040.

It says 63% of Australia’s coal-fired generation will be out of the system by 2040, and more than 30 gigawatts (GW) of large-scale renewable energy will be needed to replace existing thermal generation.While some in the Morrison government continue to campaign for new coal-fired power, Aemo is clear about the future. It says “due to the already low cost of renewables and their firming options, and their projected future reductions” the lowest-cost replacements for emissions-intensive generation is a “portfolio” of renewable, storage, gas-powered generation, demand management and network resources.

With Australia’s energy market transitioning to large-scale renewable energy, and to distributed energy such as rooftop solar, Aemo says between 5 and 21GW of dispatchable resources will be needed to support renewable.

Australian coal exports to rise An international report showed that the coal exports in Australia are predicted to increase across the upcoming 5 years on stronger demand from Asia.The coal demand in India is expected to increase 4.6 percent by 2024, a 5 percent rise is expected for both Indonesia and Vietnam, according to a report released by the International Energy Agency (IEA).The total coal output in Australia is forecasted to increase 1.4 percent yearly from 409 million tons in 2018 to 444 million tons in 2024.

Exports of coal stood at a value of USD45.9 billion to the economy of Australia in the 20182019 fiscal year.

Almost two-thirds of Australia's coal-fired generation will be out South Africa most coal-dependent of all G20 countries by 2040, Aemo says Australia’s ageing coal-fired power plants could be shuttered earlier than expected if competition from renewable generators and carbon

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South Africa's energy sector is the most coaldependent of all G20 countries, a new report has found.

The report also found that SA’s per capita greenhouse gas emissions are some of the highest among the G20 nations.

Some 90% of South Africa's electricity currently comes from coal-fired power stations.The Brown to Green Report, released on November 11,2019, is an annual review of G20 climate action and covers indicators on climate policies, finance and vulnerability to the impacts of climate change."Only two G20 economies – Canada and France – generate more income from carbon pricing schemes than they spend on fossil fuel subsidies, demonstrating that the G20 countries are yet to make financial flows consistent with the Paris Agreement," they argue.The industrial emissions of South Africa intensity remains among the highest of the G20 countries. The report found that emissions per capita are roughly double the G20 average.

South Africa is a signatory to the Paris Agreement to limit global average temperatures to less than 2°C above pre-industrial levels. In June 2019, SA launched a carbon tax, set at R120 per tonne of carbon dioxide

Russia risks Arctic for Indian coal exports The sprawling Russian Arctic has seen the number of threatened species rise as Moscow looks to take advantage of melting ice by extracting more fossil fuels, which will ironically further increase carbon emissions.

President Vladimir Putin issued a decree last year ordering Russian companies to boost cargo traffic on the Arctic’s northern sea route to 80 million tonnes annually by 2024.

India signed an energy agreement in Vladivostok during October which involved a large open-cast coal mine on the remote Taymyr peninsula in central Siberia. The frozen region has high-quality coking coal, anthracite, used to make steel and aluminium.Taymyr is a haven for wildlife and it contains the biggest Russian nature reserve, Bolshoi Arkticheskiy, covering around 4.2 million hectares. Indian steel minister Dharmendra Pradhan expressed confi-

dence that imports of anthracite from Russia would rise in the new year. He said that Indian steelmakers had already started testing samples of Russian coal.India until recently was dependent on Australia to meet most of its coking needs but imports began to fall in 2016.

The country plans to develop crude steel production to 300 million tonnes per year by 2030 from the current 132 million tonnes, with manufactures importing the majority of the coal because of India’s limited domestic production of the filthy fossil fuel.

Coal power generation continues to decline in Germany The volume of electricity generated in coal-fired power plants in Germany decreased "markedly" by 37 percent to 34 billion kilowatt-hours (kWh) in the third quarter of 2019 compared to last year, the Federal Statistical Office (Destatis) said.

As in the previous quarter, the volume of electricity generated using wind power and photovoltaics in Germany were "slightly" higher than coal-generated electricity, totaling 36 billion kWh in the third quarter, according to Destatis.

Destatis said that electricity generated from natural gas power plants registered the highest growth rate of all energy sources, increasing by 31 percent year-on-year to 15.6 billion kWh. The marked "increase in the amount of electricity generated by natural gas is partly due to the favorable price development of this energy source for power plant operators," Destatis noted.

The share of all renewable energies in Germany, including wind and solar power as well as biogas, rose by 8.8 percent to 42.4 percent of total energy generation, according to Destatis.

Within the renewable energy sector, wind power registered an upswing of 18.6 percent compared to the same quarter of the previous year.

The shares of biogas and photovoltaics, on the other hand, stagnated or even fell slightly.

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IN PARLIAMENT GOVT. OF INDIA MINISTRY OF COAL LOK SABHA Q. No. 1443. DEMAND AND SUPPLY OF COAL 27.11.2019

SHRI JUGAL KISHORE SHARMA: SHRI BHARTRUHARI MAHTAB: SHRI RAHUL RAMESH SHEWALE: Will the Minister of COAL be pleased to state: (a) whether the demand of coal has exceeded its supply in the country and if so, the details thereof during each of the last three years and the current year and the reasons therefor, State and Sector-wise;

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(b) whether the cancellation of coal blocks by Supreme Court of India and delay in re-allocation of such coal blocks have impacted adversely on the production and supply of coal in the country and if so, the details thereof and the action plan contemplated by the Government to mitigate such adverse impact of cancellation of coal blocks along with its impact on import of coal; (c) whether the cases of violation of Coal Mining Nationalization Act, 1973 have come to the notice of the Government in re-allocation of such coal blocks and if so, the details thereof; (d) whether the Government has conducted any study on the cost escalation of power generation and power tariff due to delay in re-allocation

of such coal blocks in the country and if so, the details thereof along with the remedial measures taken by the Government in this regard; and the other steps taken/being taken by the Government to bridge the gap between demand and supply of coal in the country from the indigenous production of coal?

ANSWER MINISTER OF PARLIAMENTARY AFFAIRS, COAL AND MINES (SHRI PRALHAD JOSHI) (a): Demand of coal is higher than the current level of supply of coal in the country. All India demand and supply of coal during last three years is given below:Year

2016-17

2017-18

2018-19

Actual Demand (MT)

836.93

898.55

969.47

Domestic Supply (MT)

645.98

690.28

734.23

State-wise demand of coal is not assessed separately. Sector-wise demand / supply of coal during last three years are given below:Sector-wise Demand and Supply of Coal 2016-17 to 2018-19 (Estimated & Actual) (in MT) Sl No

Sectors

2016-17 Estimated demand

2016-17 2017-18 Actual Estimated supply demand

2017-18 Actual Supply

2018-19 Estimated demand

2018-19 Actual Supply (P)

1

Coking -Steel + Coke Oven

56.62

51.98

63.17

58.45

58.37

69.34

2

Power (Utility)

598.73

489.57

622.96

519.58

655.66

545.71

3

Power (Captive)

91.11

44.06

90.34

65.91

105.00

89.30

4

Cement

34.37

6.36

22.32

7.71

37.99

8.66

5

Steel DRI

24.05

5.56

24.61

8.53

41.33

12.15

6

Others

80.00

238.27

85.00

238.10

93.00

243.98

Total N-Coking

828.25

783.82

845.23

839.83

932.98

899.80

Total

884.87

835.80

908.40

898.28

991.35

969.14

.P- Provisional (Source: CCO/CIL) Demand / supply for the current year is not available.

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(b) : No information with regard to impact of cancellation of coal blocks by Supreme Court of India and delay in reallocation of such coal blocks on production and supply of coal in the country is available.

However, upon cancellation of 204 coal blocks by the Hon’ble Supreme Court vide its order dated 24/09/2014, it was considered expedient in public interest by the Central Government to take immediate action so as to ensure energy security of the country. Accordingly, the Coal Mines (Special Provisions) Act, 2015 was enacted w.e.f. 30th March, 2015.

The Coal Mines (Special provisions) Rules, 2014 were notified on 11/12/2014.

All India raw coal production has increased from 565.77 MT in 2013-14 to 730.35 MT (Prov.) in 2018-19, an absolute increase of 164.58 MT as compared to increase of coal production of 73.01 MT between 2008-09 and 2013-14. (c) : Reallocation of coal blocks cancelled by the Supreme Court is made under the provisions of Coal Mines (Special Provisions) Act, 2015. (d) : No such study has been conducted by the Government. (e) : The gap between demand and supply of coal cannot be bridged completely as there is insufficient domestic availability of coking coal and power plants designed on imported coal will continue to import coal for their production.

However, there has been a consistent effort to increase domestic coal production.

Further, the focus of the Government is on accelerating domestic production of coal through allocation of more coal blocks, pursuing with State Government for assistance in land acquisition and coordinated efforts with Railways for movement of coal.

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Q. No. 2068. INTERNATIONAL COALITION FOR DISASTER RESILIENT INFRASTRUCTURE

29.11.2019 SHRI SUNIL DATTATRAY TATKARE: SHRIMATI SUPRIYA SULE: DR. AMOL RAMSING KOLHE: SHRI A.K.P. CHINRAJ: DR. SUBHASH RAMRAO BHAMRE: SHRI KULDEEP RAI SHARMA: Will the Minister of ENVIRONMENT, FOREST AND CLIMATE CHANGE be pleased to state: (a) whether the Government has established an International Coalition for Disaster Resilient Infrastructure (CDRI); (b) if so, the details and the objectives thereof; (c) the amount that India has pledged to CDRI to help fund technical assistance and research projects; (d) whether India has been able to garner support of other countries to design and build infrastructure projects that can withstand the impact of natural disasters and climate change, if so, the details thereof and the benefit that India will derive from the same; and (e) the other steps taken by the Government to combat the effects of climate change and related disasters?

ANSWER MINISTER OF STATE IN THE MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE (SHRI BABUL SUPRIYO)

(a) to (c) The Government of India has approved the establishment of an International Coalition for Disaster Resilient Infrastructure (CDRI) at an outlay of Rs. 480 crore (approx. USD 70 million) for a corpus required to fund technical assistance and research projects on an ongoing basis over a period of 5 years from 2019-20 to 2023-24. The coalition envisages 3 tiered structures viz Governing Council (GC), Executive Committee (EC) and a Secretariat of the Society. The objectives of CDRI are as follows: (i) The CDRI is to serve as a platform where knowledge is generated and exchanged on different aspects of disaster and climate resilience of infrastructure. (ii) To bring together technical expertise from a multitude of stakeholders. In doing so, it is to create a mechanism to assist countries to upgrade their capacities and practices, with regard to infrastructure development in accordance with their risk context and economic needs. (iii) The work of CDRI is to focus on relevant thematic areas including the four major themes of a) Risk Assessment for key infrastructure sectors at multiple scales; b) Standards, regulation and mechanisms for enforcement; c) Role of finance in promoting disaster resilience; and d) Predictable mechanisms for supporting disaster recovery in key infrastructure sectors. (iv) Gaps in knowledge and practice in the above thematic areas act as barriers to the development of resilient infrastructure. This coalition is to provide a platform/forum for countries at all stages of development to access knowledge and resources from other members and to contribute to the resilience of each other’s infrastructure. (d) The charter of CDRI has been shared with 38 countries including G 20 and non-G 20 nations.

So far nine countries viz. Afghanistan, Australia, Bhutan, Fiji, Italy, Mauritius, Mongolia, Sri Lanka

and United Kingdom have conveyed their willingness to join the CDRI in writing. The coalition is to i). Provide a platform for India to emerge as a global leader on climate Action and Disaster Resilience: ii). Complement the International Solar Alliance (ISA) and address adaptation and disaster resilience. iii). Facilitate India’s support to resilient infrastructure in Africa, SIDS and Asia. iv). Provide access to knowledge, technology and capacity development for infra developers. v). Create opportunities for Indian infrastructure & technology firms to expand services abroad. (e) National Disaster Management Authority has released guidelines for management of disaster risks for various disasters including likely to be exacerbated due to climate change. The guidelines, inter-alia, contain roles and responsibilities of various stakeholders to manage disaster risks from these disasters. The recent revised National Disaster Management Plan (2019) considers the linkage between climate change in increasing disasters and aims to integrate disaster risk reduction with climate change adaptation and mitigation.

The Government is implementing National Action Plan on Climate Change (NAPCC) which comprises eight missions in specific areas of solar energy, energy efficiency, water, agriculture, Himalayan ecosystem, sustainable habitat, green India and strategic knowledge on climate change. NAPCC provides an overarching framework for all climate actions. Thirty three States/ Union Territories (UTs) have prepared their State Action Plan on Climate Change in line with NAPCC taking into account State’s/UT’s specific issues relating to climate change.

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RAJYA SABHA (c) whether the coal produced and supplied domestically is of adequate quality and sufficient quantity for use by power stations in the country; and

Q. No. 07. ANNUAL PRODUCTION OF COAL 18.11.2019

(d) if not, steps taken by the Ministry to reduce dependence on coal imports?

SHRI MD. NADIMUL HAQUE: Will the Minister of COAL be pleased to state: (a) the annual production target and actual production of coal by Coal India Limited during the last three years; (b) reasons for shortfall, if any, and details of steps taken to address them; (in Million tonnes) 2016-17 Company

CIL

ANSWER MINISTER OF PARLIAMENTARY AFFAIRS, COAL AND MINES (SHRI PRALHAD JOSHI) (a) : The annual production target and actual production of coal by Coal India Limited (CIL) during the last three years is given below:2017-18

2018-19

Target

Ach.

Target

Ach.

Target

Ach. (Prov)

598.61

554.14

600.00

567.37

610.00

606.89

(b) : The major reasons for short fall in production of CIL are Land acquisition, Physical possession of land, Rehabilitation & Resettlement (R&R) issues, encroachers, Forestry Clearance, Environmental clearance, Evacuation & logistics constraints, Law & Order problems etc. (c) : Most of the coal produced domestically is of lower grades and suitable for use by power plants. As a result of increased domestic production, import of thermal coal by Power sector has gone down appreciably. In the year 201415, the import of thermal coal by Power stations was 91.28 MT, which has reduced to 61.66 MT in the year 2018-19, a reduction of more than 32% though coal based power generation has increased from 800 Billion Unit to 988 Billion Unit during this period. The reduction in imports by power plants is despite the fact that

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coal imported by some coastal plants which are designed for import based coal only and high grade thermal coal imported for blending purposes cannot be substituted by domestic coal. (d) : The entire demand of coal is not met from domestic production as the supply of high quality coal/ coking coal (low-ash-coal) in the country is limited and thus no option is left but to resort to import of coking coal. Further, coal imported by power plants designed on imported coal and high grade coal required for blending purposes cannot be substituted by domestic coal. As per the current import policy, coal is kept under Open General License (OGL) and consumers are free

to import coal from the source of their choice as per their contractual prices on payment of applicable duty. In order to reduce dependence of coal imports, there has been a consistent effort to increase domestic coal production. All India raw coal production has increased from 565.77 MT in 2013-14 to 730.35 MT (Prov.) in 2018-19, an absolute increase of 164.58 MT as compared to increase of coal production of 73.01 MT between 2008-09 and 2013-14.

The focus of the Government is on accelerating domestic production of coal through allotment of more coal blocks, efforts to expedite Environment & Forest clearances expeditiously, pursuing with State Government for assistance in land acquisition and coordinated efforts with Railways for movement of coal.

Q. No. 10. DEMAND AND SUPPLY OF COAL 18.11.2019 SHRI NARAYAN LAL PANCHARIYA : Will the Minister of COAL be pleased to state:

(a) whether Government has made an assessment of demand and supply scenario in respect of coal; (b) if so, the details thereof and if not, the reasons therefor; (c) whether the demand of coal has exceeded its supply in the country during the last three years and the current year; (d) if so, the details thereof, State and Sectorwise and the reasons therefor; and (e) steps taken/being taken by Government to bridge the gap between demand and supply of coal in the country through the indigenous production of coal?

ANSWER MINISTER OF PARLIAMENTARY AFFAIRS, COAL AND MINES (SHRI PRALHAD JOSHI) (a)&(b): NITI Aayog has estimated the demand of coal for 2018-19 at 991.35 MT. An assessment of supply / production of coal has been made for next five years which is as under:-

Projected domesticProduction of Coal for next five years (in MT) Year

2019-20

2020-21

2021-22

2022-23

2023-24

Domestic Supply/production

810.00

881.00

964.00

1040.00

1119.00

&(d):Demand of coal is higher than the current level of supply of coal in the country. During the year 2018-19, as against a total demand of coal of 991.35 MT, the domestic supply was 734.23 MT. All India demand and supply of coal during last three years is given below:-

Year

2016-17

2017-18

2018-19

Actual Demand (MT)

836.93

898.55

969.47

Domestic Supply (MT)

645.98

690.28

734.23

Import (MT)

190.95

208.27

235.24

State-wise demand of coal is not assessed separately.

CCAI Monthly Newsletter December 2019

| 33

Sector-wise demand / supply of coal during last three years are given below:Sector-wise Demand and Supply of Coal 2016-17 to 2018-19 (Estimated & Actual) (in MT) 2016-17 Estimated demand

2016-17 Actual supply

56.62

51.98

63.17

58.45

58.37

69.34

Power (Utility)

598.73

489.57

622.96

519.58

655.66

545.71

3

Power (Captive)

91.11

44.06

90.34

65.91

105.00

89.30

4

Cement

34.37

6.36

22.32

7.71

37.99

8.66

5

Steel DRI

24.05

5.56

24.61

8.53

41.33

12.15

6

Others

80.00

238.27

85.00

238.10

93.00

243.98

Total N-Coking

828.25

783.82

845.23

839.83

932.98

899.80

Total

884.87

835.80

908.40

898.28

991.35

969.14

Sl No

Sectors

1

Coking -Steel + Coke Oven

2

2017-18 2017-18 2018-19 2018-19 Estimated Actual Estimated Actual Supply demand Supply demand (P)

.P- Provisional (Source: CCO/CIL) Demand / supply for the current year is not available. (e): The gap between demand and supply of coal cannot be bridged completely as there is insufficient domestic availability of coking coal and power plants designed on imported coal will continue to import coal for their production.

However, there has been a consistent effort to increase domestic coal production. All India raw coal production has increased from 565.77 MT in 2013-14 to 730.35 MT (Prov.) in 2018- 19, an absolute increase of 164.58 MT as compared to increase of coal production of 73.01 MT between 2008-09 and 2013-14.

of coal. In order to enhance coal production, CIL has taken the following steps: Opening of 55 greenfield projects having capacity of 92 MTPA and expansion of 193 brownfield projects having capacity of about 310 MTPA in next five years.

Portal based monitoring of on-going projects to ensure timely completion of projects. Introduction of state of the art technology to improve its work efficiency with high capacity Heavy Earth Moving Machinery (HEMM), like 42 cum Shovel and 240 T Rear Dumpers in Gevra Expansion, Dipka & Kusmunda open cast mines.

Coal India Limited (CIL) has increased its production from 462.41 MT in 2013-14 to 606.89 MT in 2018-19, an absolute increase of 144.48 MT as compared to increase of coal production of 58.68 MT between 2008-09 and 2013-14.

Introduction of Surface Miners in opencast mines to improve operational efficiency & to cater to environmental needs. During 2018-19 in CIL, around 50% of the opencast coal production was trough Surface miners. Introduction of IT enabled Operator Independent Truck Dispatch System (OITDS) in 11 nos. of mines of CIL..

In order to augment supply, a total of 78 coal blocks has been allotted under Coal Mines (Special Provision Act, 2015) so far. Further, the focus of the Government is on accelerating domestic production of coal through allocation of more coal blocks, pursuing with State Government for assistance in land acquisition and coordinated efforts with Railways for movement

Introduction of Mass Production Technology in underground coal mines, 2 mines are worked with Powered Support Longwall technology and 9 mines are worked with Continuous Miner technology. For rapid coal evacuation, 19 nos.

Coal Handling Plants with silos and rapid loading system having existing capacity of 152.5 million tonnes are in operation.

34 | CCAI Monthly Newsletter December 2019

OVERALL DOMESTIC COAL SCENARIO Coal Production (in MT) Company

November, 2019

November, 2018

% Growth

April - Nov, 2019

April - Nov, 2018

% Growth

CIL

50.0

52.1

-3.9%

330.4

358.3

-7.8%

SCCL

5.4

5.8

-5.7%

41.0

39.5

3.8%

% Growth

April – Nov, 2019

April – Nov, 2018

% Growth

Overall Offtake (in MT) Company

November, 2019

November, 2018

CIL

47.4

51.3

-7.6%

363.6

392.0

-7.2%

SCCL

5.3

6.1

-12.5%

40.8

43.0

-5.3%

Coal Despatch to Power (Coal and Coal Products) (in MT) Company

November 2019

November, 2018

% Growth

April – Nov, 2019

April – Nov, 2018

% Growth

CIL

38.8

43.1

-10.1%

291.4

320.0

-8.9%

SCCL

4.6

4.9

-5.6%

34.4

35.0

-1.7%

Company

Coal Qty. Allocated November, 2019

Coal Qty. Allocated November, 2018

Increase over notified price

Coal Qty. Allocated April - Nov, 2019

Coal Qty. Allocated April - Nov, 2018

Increase over notified price

CIL

3.58

1.00

65%

16.17

18.84

66%

Spot E-auction of Coal (in MT)

Special Forward E-auction for Power (in MT) Company

Coal Qty. Allocated November, 2019

Coal Qty. Allocated Nov, 2018

Increase over notified price

Coal Qty. Allocated April - Nov, 2019

Coal Qty. Allocated April - Nov, 2018

Increase over notified price

CIL

4.05

1.53

36%

16.95

21.91

33%

Exclusive E-auction for Non- Power (in MT) Company

Coal Qty. Allocated November, 2019

Coal Qty. Allocated November, 2018

Increase over notified price

Coal Qty. Allocated April - Nov, 2019

Coal Qty. Allocated April - Nov, 2018

Increase over notified price

CIL

-

-

-

4.84

7.30

32%

Coal Qty. Allocated November, 2018

Increase Over notified price

Coal Qty. Allocated April - Nov, 2019

Coal Qty. Allocated April - Nov, 2018

Increase Over notified price

-

0.66

0.50

30%

Special Spot E-auction (in MT) Company

Coal Qty. Allocated November, 2019

CIL

-

CCAI Monthly Newsletter December 2019

| 35

MONTHLY SUMMARY OF DOMESTIC COAL Comparative Price of Domestic Coal: Power/Non-power. *The price shown in the Chart below is without: (a) Surface Transportation Charges. (b) State specific taxes. (c) Coal company or area wise charges if any. (d) Evacuation Facility Charges INR 50 per tonne w.e.f. 00:00 of 20.12.2017 GCV (Kcal/kg) (Mid-value)

G3-6400-6700

G5-5800-6100

G7-5200-5500

G10-4300-4600

G11-4000-4300

G12-3700-4000

Basic ROM price (Rs./te)

3144/ 3144

2737/2737

1926/2311

1024/1228

955/1145

886/1063

Tentative Ex-Mine Price*

4447/4447

3941/3941

2932/3411

1809/2063

1724/1959

1638/1858

COAL * The government will open up the Indian coal sector with a large offering of over 200 blocks for commercial coal mining in the next five years having a potential to produce at least 400 million tonnes of coal at peak capacity.

The government hopes to stop coal imports by power plants by 2024, a senior government official said. * To ramp up domestic coal production and cut import bills, the government is planning to fast-track approvals for mining plans prepared by developers. Apart from simplifying the guidelines for preparing mining plans, the proposed framework also aims to amend relevant provisions of Mineral Concession Rules, 1960 to expedite approval process. * Coal India, the world’s largest miner, plans to give 10-15 days credit period to companies operating in the non-regulated sectors such as steel, cement, and aluminium. These companies, which are called customers in Coal India parlance, had to make an upfront payment before despatch.

36 | CCAI Monthly Newsletter December 2019

RAILWAYS *Even as railways’ receipts from transportation of goods appear to be falling short of the FY20 target by a steep 20% due to the economic slowdown and related decline in coal, cement and food grains loading, Railway Board chairman VK Yadav hinted at a plan to cut freight rates to woo customers and simultaneously hike passenger fares, which continue to be heavily subsidised. * South Eastern Railway (SER) has earned Rs 9330.02 crores from freight sector during the first eight months of 2019-20, loading 110.71 million tonnes of cargo, an official said.

Maintaining its growth in freight loading and earnings during April-November of 2019-20, SER has registered an increase of 9.49 per cent in cargo movement, in comparison to the same period of last year in which it loaded 101.11 million tonnes, SER spokesman said.

POWER

* The Power Ministry has scrapped the auction to procure 2,500MW electricity for medium term (three years) under a scheme to provide relief to thermal power plants plagued by short coal supplies, state-run NHPC said. According to sources, lack of interest from state power utilities due to a higher tariff of Rs 4.41 per unit discovered through the reverse auction process led to the cancellation of the auction. * In 2019, global coal power generation will experience the biggest drop ever and coal power generation in India will probably decline for the first time in 45 years, according to according to the International Energy Agency's latest market analysis and forecasts. Coal still fuels India's robust economic growth. India aims to become an economy of USD 5 trillion by 2024, in part by investing heavily in infrastructure. * After clocking a sub-par growth in 2019, capacity additions are expected to go up for India’s renewable sector — solar and wind — by over 40% in calendar year 2020 with projects allocated in 2018 getting commissioned in 2020. Experts believe policy measures and falling module prices will further assist in creating peak capacities. In calendar year 2020, the renewable sector is expected to add 15 GW of new capacities that will include 11 GW of utility-scale solar installations, and 4 GW of

wind capacity additions, said experts.

CEMENT * Although cement prices fell sequentially for the seventh consecutive month in December, analysts expect the companies to report better earnings given lower raw material prices and the fact that prices are still higher than the yearago levels. On a sequential basis, the all-India average price in December fell by 2.5 per cent to Rs 339 per bag. It has been continuously falling from the peak of Rs 368 per bag in May 2019.

STEEL * The government will soon come out with a white paper on steel industry that will focus on ways to reduce the tax-related expenditure in the sector and make it competitive, Union minister Dharmendra Pradhan said. The task will be completed in three-four months with the help of NITI Aayog and other ministries concerned, he said.

CCAI Monthly Newsletter December 2019

| 37

MONTHLY SUMMARY OF IMPORTED COAL & PETCOKE Coal Price Index COAL

(kcal/kg)

Monthly Price - FOB

Monthly Price - FOB

Monthly Change (USD)

South Africa

6000 NAR

USD 82.48

INR 5870

8.99

South Africa

5500 NAR

USD 60.85

INR 4331

2.77

Australia

5500 NAR

USD 52.88

INR 3763

1.21

Indonesia

5000 GAR

USD 49.65

INR 3533

0.77

Indonesia

4200 GAR

USD 34.26

INR 2439

0.49

USA

6900 NAR

USD 53.75

INR 3826

3.04

PET COKE

Sulphur

Price

India-RIL(Ex-Ref.)

-5%

INR 6172

Saudi Arabia (CIF)

+ 8.5%

INR 4671 ($66)

USA (CIF)

- 6.5%

INR 4813 ($68)

Exchange Rate

Change (Monthly)

USD/INR 71.17

-0.41

Coking Coal Price: Premium Low Vol

FOB Aus CFR China 136.04

150.29

HCC 64 MID Vol

Semi Soft

Low Vol PCI

Mid Tier PCI

MET COKE 62% CSR

FOB Aus

CFR China

FOB Aus

FOB Aus

FOB Aus

CFR India

FOB N China

121.43

135.06

74.45

85.95

81.95

248

268.50

South Africa: *Higher South African coal prices are prompting Indian sponge iron manufacturers to look for alternative sources to stay afloat. South African coal prices have risen since September, hurting many firms' margins and contributing to the closure of some sponge iron units and production cuts.

Australian Coal News:

* Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about industry projections that demand will continue to grow. The spot price of thermal coal, which is burned to generate electricity, fell to US$66.20 ($95), down more than a third from US$100.73 ($145) a year earlier. * Australian coking coal spot prices are

38 | CCAI Monthly Newsletter December 2019

expected rise in 2020 on narrowing surplus in the seaborne market, and strong demand from China for high grade coals, Citi Research said in a report.

Indonesian Coal News:

* Indonesia is considering lowering the minimum quantity of coal required to be sold to domestic buyers to 20 per cent of the production from the current 25 per cent, energy ministry official Dodik Ariyanto said. The government is reviewing rules that require coal miners to sell a portion of their coal to local buyers as suppliers struggle to meet the requirements.

US Coal News:

*The US coal sector is seeing little hope of improvement in the next few years, after a long list of bankruptcies, power plant closures, layoffs, and other troubles marred the industry’s timeline over the last decade. Federal records show US coal producers mined 1.09 billion

tons of coal in 2010, a figure the US Energy Information Administration expects to drop by more than one-third to 697 million tons in 2019. .

Pet Coke News: *India imported 809,000t of petcoke in October 2019, up more than 364 per cent from the year-ago period, according to Iman Resources. The imports were primarily sent from the US and Saudi Arabia, at 372,000t and 295,000t, respectively. Oman sent 38,000t, while 32,000t came from China.

Shipping Update: * It’s about to get harder for America’s miners to ship coal to Asia. The city of Richmond, California, is expected to approve a ban on coal at a terminal that accounts for almost a quarter of exports from the U.S. West Coast.

The prohibition will shut miners out of one of the few places in the region willing to handle the fuel and limit their access to one place in the world where coal demand is still growing.

CCAI Monthly Newsletter December 2019

| 39

40 | CCAI Monthly Newsletter November December 2019

57.91

78.98

Source CEA

70.47

54.4

14

13

DEC-2019

1330000.00

6218.00

ACTUAL*

NUCLEAR

HYDRO BHUTAN IMP TOTAL

44720.00

136932.00

PROGRAM

282814.14

0.00

THERMAL

Category

TOTAL

BHUTAN IMP

6780.00

45399.22

NUCLEAR

HYDRO

1142130.00

2

1

230634.92

Target Apr 2019 to Mar 2020

Monitored Capacity (MW)

THERMAL

Category

SUMMARY- ALL INDIA

98762.32

202.95

8883.85

3554.87

86120.65

4

ACTUAL*

60.9

59.54

15

ACTUAL SAME MONTH 2018-19

100841.32

32.15

7779.76

3072.22

89957.19

5

631.26 97.94

92.23

73.89

59.43

16

79.75

55.84

17

PROGRAM ACTUAL*

114.19

115.71

95.74

7

% OF LAST YEAR (4/5)

63.6

60.13

18

ACTUAL SAME PERIOD 2018-19

1006553.00

5434.00

114422.00

32576.00

854121.00

8

PROGRAM

GENERATION (GWH)

48.09

120.66

90.57

90.3

6

% OF PROGRAM (4/3)

APRIL 2019 - DEC 2019

PLANT LOAD FACTOR (%)

107080.00

422.00

7363.00

3925.00

95370.00

3

PROGRAM

ACTUAL SAME MONTH 2018-19

DEC-2019

AN OVERVIEW

PERIOD : DECEMBER, 2019

950396.68

5551.95

129535.26

35686.11

779623.36

9

ACTUAL*

949932.63

4322.12

111719.45

28457.54

805433.52

10

ACTUAL SAME PERIOD 2018-19

94.42

102.17

113.21

109.55

91.28

11

100.05

128.45

115.95

125.4

96.8

12

% OF LAST % OF PROGRAM YEAR (9/10) (9/8)

APRIL 2019 -DEC 2019

ENERGY GENERATION REPORT

PRODUCTION AND OFFTAKE PERFORMANCE OF CIL AND SUBSIDIARY COMPANIES COAL PRODUCTION (Figs in Mill Te) SUB CO.

DEC'19

APR'19 - DEC'19

ACTUAL ACTUAL THIS SAME % YEAR PERIOD GROWTH LAST YEAR

ACTUAL THIS YEAR

ACTUAL SAME PERIOD LAST YEAR

% GROWTH

ECL

4.91

4.57

7.4

33.32

32.91

1.2

BCCL

2.71

2.57

5.6

18.56

21.49

-13.2

CCL

6.44

6.69

-3.8

39.21

41.64

-5.8

NCL

9.64

9.03

6.8

79.58

74.65

6.6

WCL

6

5.61

6.8

33.05

32.16

2.8

SECL

13.93

12.52

11.3

95.17

110.75

-14.1

MCL

14.36

13.05

10.1

89.22

98.38

-9.3

NEC

0.04

0.1

-63.4

0.21

0.45

-53

CIL

58.02

54.14

7.2

388.41

412.44

-5.8

OFFTAKE (Figs in Mill Te) SUB CO.

DEC'19

APR'19 - DEC'19

ACTUAL ACTUAL THIS SAME % YEAR PERIOD GROWTH LAST YEAR

ACTUAL THIS YEAR

ACTUAL SAME PERIOD LAST YEAR

% GROWTH

ECL

4.55

4.46

2.1

34.49

34.73

-0.7

BCCL

2.52

2.5

0.8

20.66

24.55

-15.9

CCL

6.05

5.78

4.6

49.39

48.99

0.8

NCL

9.77

9.21

6

79.9

75.86

5.3

WCL

5.1

5.05

1

36.91

39.76

-7.2

SECL

13.25

12.95

2.3

101.38

115.43

-12.2

MCL

12.36

12.58

-1.7

94.23

104.86

-10.1

NEC

0.04

0.08

-54

0.3

0.45

-33.6

CIL

53.63

52.61

1.9

417.26

444.63

-6.2

CCAI Monthly Newsletter November December 2019

| 41

Note

42 | CCAI Monthly Newsletter December 2019

CCAI Monthly Newsletter December 2019

| 43

REGISTERED

44