presentation:ips 2012 new delhi, india, page-2

India is set to overtake China as the world’s biggest importer of thermal coal this year as Indian power producers seek more fuel to meet ambitious government requests to boost electricity capacity across the sub-continent, where economic growth is matching that of its northern neighbour, China. India’s government would like to see $36 billion worth of new power plants established to meet demand but lack of domestic coal means a number of plants have been put on the back-burner.

This, in turn, has caused a recent slowdown in growth of the $1.7 trillion Indian economy as power and manufacturing output slowed, prompting the government to urge coal producers, including state-run Coal India, to plug the domestic shortfall with thermal coal from overseas sources. India is aiming for an annual average growth rate of 9% during the next five year period starting April 1 2012… growth that will bring increasing demand for power and steel, and therefore the coal that is needed for both.

India , a country on par with china in regards to the importation of thermal coal and a country which has considerable lignite reserves, a country which looking to push $30+ billion into its power generation starting last year!!

India IMO is a much better prospect for ECT than Victoria. The T20 that was posted yesterday....comparing it with past T20s...those big holders in that range show little movement in stock from pre and post ALDP news...probably also suggests that the talk of the big holders knowing and pulling the pin prior to ALDP is incorrect....