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IEEFA BRIEFING NOTE POWER PRICES The required wholesale power price for imported coal is prohibitive relative to domestic coal or renewable energy
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A similar grade of Indian coal at the mines now costs Rs 4 340 per tonne Indonesian coal accounts for 70 per cent of India s import of the mineral and even accounting for shipping and insurance charges the rates are very competitive While the lower price of imported coal will help the economics of power plants that run on them lined along the Indian coasts the Railways face a daunting problem
difference between imported coal and domestic coal The required wholesale power price for imported coal is prohibitive relative to domestic coal or renewable energy
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The Hindu Business Line reported that imported coal prices are on the rise again and it is unclear if they will subside soon Indonesia s Ministry of Energy and Mineral Resources set its February thermal coal reference price also known as Harga Batubara Acuan
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After a lull of nearly two years prices of imported coal have started firming up again on lower production and improved demand Indonesia has set its July HBA thermal coal price 2
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For thermal coal the price for imported cargoes are tracking resilience in domestic prices which in turn are being supported by measures to cut capacity The price of thermal coal at the port of Qinhuangdao a domestic benchmark was 615 yuan a tonne on Dec 1 down slightly from the recent high of 630 yuan in early October but well up on the low for this year of 565 yuan in June
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