(EnergyAsia, December 22, Tuesday) — India’s power generating companies which rely heavily on imported coal are expected to take a financial hit from rising international coal prices. Spot prices of coal at Australia’s Newcastle port, a benchmark for Asia, have appreciated by nearly 10% in November, while prices at China’s benchmark Qinhuangdao port, have also…
INDIA: Coal import-dependent power firms seen to take a financial hit
Posted on December 21, 2009 by EnergyAsia