We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 02 September 20
MARKET INSIGHT - INTERMODAL
The imminent global shift towards eco-friendliness has caused divide among the shipping community because there is no outlined, clear-cut way via w ...
Wednesday, 02 September 20
INDONESIA COAL PRICE REFERENCE DIVES FURTHER IN SEPTEMBER DUE TO SUBDUED DEMAND & GLOBAL OVERSUPPLY
Subdued demand & global oversupply pushed down this month's HBA
COALspot.com: The Indonesia Coal Price Reference ...
Tuesday, 01 September 20
WHY INDIA CAN'T MATCH THE GULF REGION'S RECORD-LOW SOLAR TARIFFS - IEEFA
5-10% annual decline in tariffs estimated for the next decade
A number of countries in the Gulf region have set record-low prices for solar in ...
Tuesday, 01 September 20
COVID-19 PUSHES US LNG INTO A TIGHT SPOT - DREWRY
The pandemic-led weak projections for economic growth will derail US LNG exports in full-year 2020 with the country also losing ground in the long ...
Monday, 31 August 20
DEFECTIVE PASSAGE PLANNING: UNSEAWORTHINESS OR A NAVIGATIONAL DECISION? THE CMA CGM LIBRA QUESTION SAILS ON TO THE UK SUPREME COURT - GARD
KNOWLEDGE TO ELEVATE
The UK Supreme Court has granted leave to appeal the recent decision in Alize 1954 v Allianz Elementar Versicherungs AG ( ...
|
|
|
Showing 801 to 805 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
|
| |
| |
|
