The sharp decline in the prices of coal to $42.55 per tonne in global market is unlikely to bring any cheer to the imported coal based power producers. However, with cost generation going down by as much as 35 percent, the cases of compensatory tariff contested on basis of escalating global price of coal could stand invalid now.
The global coal future are also at 12 year low of $52.85 per tonne."The power plants which have short term contracts for imported coal purchase will make hay as the price go down but for a brief stint. The plants with coal linkages and the ones with long term purchase agreements of imported coal are unlikely to benefit from this downward price trend"- said a power market analyst based in Delhi.
Read complete story @ http://www.business-standard.com/article/economy-policy/global-coal-price-on-the-downslide-115082700011_1.html
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