Energy Market News Directory

Indian Coal-Fired Plants Running Out of Stock

Reuters reported today that according to India's state run NTPC (NSE:NTPC), six of the country's coal fired power plants could not handle even a small supply disruption due to low coal stocks. NTPC Chairman Arup Roy Choudhury told the news outlet that coming monsoons would make it even more difficult to replenish stocks in the country.

Japan Grants Preliminary Approval for Two Reactor Restarts

RT News reported this morning that Japan's Nuclear Regulation Authority has given its preliminary approval regarding the restart of two reactors at the Sendai power plant. Prior to the Fukushima plant disaster, the country generated a third of its electricity from nuclear plants, according to RT News.

India Puts 2.5 Percent Duty on Coking Coal Imports

The Economic Times reported on Thursday that India will impose a 2.5 percent duty on imports of coking coal, which could lift domestic steel production costs. However, the government also imposed a duty on flat-rolled stainless steel products in an attempt to give an impetus to the stainless steel industry. Coking coal is currently priced at US$120 per tonne, according to the Times.