Coal and Electricity Production in China will be tight till Chinese New Year – Sabyasachi Mishra
Coal and Electricity Production in China will be tight till Chinese New Year – Sabyasachi Mishra
Global dependence on coal will reduce significantly over the next 15 years.
Sabyasachi Mishra, Business Head at JSW International Tradecorp, Singapore explains why coal prices are at historical highs. He was the former Head of Business Development at Tata International in Singapore.
In this wide-ranging conversation, he covered:
• The types of coal, the global and regional trade flows in coal
• Why have coal prices more than doubled since May 2021?
• The impact on coal trade flows from the impasse between China and Australia.
• Indian companies picking up millions of tons of discharged Australian coal (different grades) from Chinese ports at a $12 to $50 a ton discount
• How will coal and power shortages in China and India pan out? (China- Wait for Chinese New Year!)
• Indian Electricity Purchase Prices from power plants need to be reviewed.
• Renewables yet to substitute coal as a dependable energy source
• How long will we be dependent on coal for energy?
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Credits:
Coal production, consumption and trade statistics and infographics from IEA (2020), Coal 2020, IEA, Paris https://www.iea.org/reports/coal-2020
How Electricity is Made infographic from World Coal Association https://www.worldcoal.org/coal-facts/...
Steel Production infographic from World Coal Association https://www.worldcoal.org/coal-facts/...
