Australia Coal and Laos Power: Operational and Financial Summary
India thermal coal market review
INDIA
INDIA THERMAL COAL IMPORTS*
Unit: Mt
68
88
163 164
160
136
107
87
2010 2011
2012 2013
2014 2015 2016F
Sources:: Salva Report India, Banpu MS&L Estimates
INDIA ANNUALIZED ACTUAL IMPORT IQ13-4Q15
Unit: Mt
197
159
163 168
180
171
161
131
135
120
126
142
1Q13
3Q13 1Q14 3Q14
1Q15
3Q15
Note: *includes lignite grade imports (approximately 25% - 30%)
BANPU
COMMENTS
India is now the world's largest thermal coal-
importing country as China rapidly retreating
from international market.
Current government's reform measures to
improve India's domestic coal production
scenario are expected to slow coal import growth
» Higher domestic coal production has increased
coal stocks at plants and mines
Government cuts coal import targets for inland
utilities amid weak power demand conditions as
a resulted of slower economic growth
Strong increases in imports of petroleum coke
for cement industry
Power distribution companies are facing
financial loss and limit their ability to buy power
» Lower power off-take by distribution companies
seems to be the key reason for the slowdown in
coal imports
But overall low energy cost and lower financing
cost give GDP growth optimism
30
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