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Thursday, 06 October 11
SOUTH EAST ASIAS AGGRESSIVE POWER DEMAND GROWTH WILL REQUIRE INVESTMENT OF US$125 BN BY 2020 - WOOD MACKENZIE
 COALspot.com - Wood Mackenzie says that South East Asia’s demand growth for new power generation is so aggressive that new power generation investments of at least US$125 billion (bn) will still be required between now and 2020. A recent report titled ‘Power Crunch in South East Asia’ provides insight into this by examining regional demand hotspots of Java-Bali, Sumatra, Peninsular Malaysia, Singapore, Thailand and Vietnam.
Graham Tyler, Head of Asia Gas and Power Research, says, “South East Asia’s power demand growth will outpace Gross Domestic Product (GDP) growth in the next decade. The major demand centres alone will see demand grow from about 92,000 Megawatts (MW) in 2011 to 163,000 MW in 2020, creating a drop in reserve margins, particularly in the 2014 to 2015 period. Therefore timely investments for new power generation will be required.”
The report forecasts that capacity additions in the region are expected to top 30,000 MW and 85,000 MW by 2015 and 2020 respectively. This requires an increase in power project investment from US$44 bn by 2015 to at least US$125 bn by 2020, even if an economic downturn with GDP growth levels similar to 2009 occurs for two consecutive years from 2010-2013. The bulk of the new investment is in coal, amounting to 42% of the investment. The remainder is dominated by gas, which accounts for 18% of the total.
Mr Tyler says, “If immediate actions are taken to correct the existing situation and attract the level of investment required, the impact of power shortages will be softened from 2015 onwards. To achieve this, governments need to encourage the project financing required to meet the power capacity investment levels by speeding up regulatory and approval processes.”
Wood Mackenzie places reserve capacity at an optimal level of 15%. This is crucial to meet unplanned or unexpected power needs. A fall below this will be uncomfortable but if it drops below ten percent, scheduled power cuts should be expected as a regular feature, especially in peak demand seasons that usually fall within the warmer or drier months of the year. Vietnam is hardest hit in the drier months as 40% of their power needs are currently met by hydropower.
The report highlights that Vietnam and Indonesia are most exposed to a potential power crunch and hence require the most investments, representing about 60% of the total required. The regions in West Java and South Vietnam, are particularly in need of new capacity, as they currently have low margins and an over-dependence on power flows from other regions.
Malaysia and Thailand will also see reserve capacity fall below optimal levels in the period to 2015, but the impact should be more manageable as they have been quick to respond to the power shortages by importing power, announcing new projects and speeding up the development of existing ones. These steps will alleviate the power crunch unless project delays or higher demand growth occurs, in which case both countries will also need additional investments.
Summarising, Mr Tyler says, “Power demand growth will increase substantially in the next decade. This strong growth signals that investments of US$125 bn are required to build power capacity additions, even if we see a repeat of 2009’s economic recession over the next two years. Encouraging timely investments in West Java and South Vietnam will be especially crucial and governments can play a part in prioritising investments by expediting processes where possible.”
About Wood Mackenzie
Wood Mackenzie is the most comprehensive source of knowledge about the world’s energy and metals industries. Wood Mackenzie analyses and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger. For more information visit: www.woodmac.com.
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Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease.
COVID-19 a ...
Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
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- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- PTC India Limited - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
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