Latest news with #thermalpower
Reuters
9 hours ago
- Business
- Reuters
China's May coal imports fall 18%, hit by cheap domestic coal, renewables
BEIJING, June 9 (Reuters) - China, the world's largest coal buyer, cut imports of the fuel by 18% year-on-year in May, customs data showed on Friday, as low-priced domestic coal chipped away at overseas purchases and renewables cut into coal-fired power generation. Imports for the month were 36.04 million metric tons, down from 43.82 million tons in May 2024, according to the General Administration of Customs. The fall marked a third consecutive month of year-on-year decline for China's coal imports, which had previously increased every month since November 2022, excluding January and February, when year-on-year comparisons are affected by the Lunar New Year holiday. For the first five months of the year, coal imports stood at 188.7 million metric tons, down 8% from 204.9 million tons a year earlier, the data showed. Domestic prices have remained at four-year lows, cutting into profits for imported coal. The price for medium-grade coal with a heat value of 5,500 kilocalories per kg averaged 632 ($87.91) for the month of May, according to the Bohai-Rim Bay thermal coal price index. Domestic coal production has also been on the rise, increasing 7% to 1.58 billion tons for the first four months of the year. China's thermal power generation, which mostly comes from coal with a small amount from natural gas, fell 4% during January-April while generation from renewables captured the 3% increase in power demand during the four months.
Yahoo
26-05-2025
- Business
- Yahoo
NTPC Ltd (BOM:532555) Q4 2025 Earnings Call Highlights: Strong Financial Performance Amid ...
Release Date: May 24, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NTPC Ltd (BOM:532555) achieved a significant milestone with the successful listing of NTPC Green Energy Limited, positioning it as a leader in India's renewable energy landscape. The company added 3,312 megawatts from renewable energy sources in FY 2025, demonstrating a strong commitment to energy transition. NTPC's thermal fleet achieved a plant load factor of 77.44%, outperforming the rest of India's PLF of 67.23%, showcasing operational excellence. The NTPC Group's total income for FY 2025 rose by 5%, with a robust growth in profit after tax by 9%, indicating strong financial performance. NTPC's strategic investments in international ventures and new business horizons are expanding its footprint and creating additional revenue streams. There were delays in capacity additions, particularly in the Khara and Bala projects, due to issues like cooling substation delays and land transfer problems. The company faces challenges in land acquisition and transmission connectivity for renewable projects, which could impact future capacity additions. Despite the increase in renewable capacity, NTPC still relies heavily on coal, with a significant portion of its capacity coming from thermal sources. The acquisition of the Sagra thermal power plant is still under discussion, indicating potential delays or complications in finalizing the deal. The company has not yet signed PPAs for some of its major projects, which could affect future revenue streams and project viability. Warning! GuruFocus has detected 3 Warning Sign with BOM:532555. Q: Can you provide details on NTPC Green Energy Limited's (NGL) renewable capacity addition and PPA status? A: The details are available in the uploaded documents. However, we can provide additional specifics separately. (Director of Finance) Q: What are the commissioning targets for FY 2025-26 and FY 2026-27 for both conventional and renewable energy? A: For FY 2025-26, NTPC expects to add 11,806 MW, including 3,580 MW of thermal, 1,000 MW of hydro, and 7,226 MW of renewable energy. For FY 2026-27, the target is 9,904 MW, with 1,460 MW of thermal, 444 MW of hydro, and 8,000 MW of renewable energy. (Director of Finance) Q: What explains the rise in joint venture income during the quarter? A: The increase in joint venture income to 630 crore is due to contributions from various JVs, including NTCL, BPI PCL, HURL, and others. (Director of Finance) Q: How confident is NTPC in achieving the 6.5 GW renewable energy target for this year, given last year's lower addition? A: We are confident based on the projects under construction. Last year's slippage will be compensated, and we are improving our target to 6.5 GW for FY 2025-26. (Director of Finance) Q: Are there any delays in thermal project tendering or awarding? A: There have been some delays, but major projects like Meja are expected to be awarded by the second week of July. (Director of Projects) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
19-05-2025
- Business
- Reuters
China's thermal power generation falls 2.3% year-on-year in April
BEIJING, May 19 (Reuters) - Thermal power generation in China, fuelled mainly by coal, fell 2.3% in April amid weak overall power output, official data showed on Monday. China's thermal power generation was 449.1 billion kilowatt-hours (kWh) last month, data from the National Bureau of Statistics showed. Over the first four months of the year, thermal power generation fell 4.1% to 1.98 trillion kWh year-to-date. Natural gas-fired power plants also contribute a small portion to thermal power generation. Total power generation rose 0.9% in April to 711.1 billion kWh. Power generation was 2.98 trillion kWh over the first four months, up 0.1%. NBS surveys industrial firms with at least 20 million yuan ($2.8 million) of annual revenue from their main operations. Hydropower, China's second-largest power source, meanwhile fell 6.5% to 78.6 billion kWh in March.
