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Monday, 28 April 14
CHINA LIKELY TO FALL SHORT OF NUCLEAR POWER TARGETS AT 175GW OF CAPACITY BY 2030 - WOOD MACKENZIE
 Coal will remain dominant supply at 64% of power mix
Wood Mackenzie forecasts that China will not meet its environmentally-driven, government target of 200 Gigawatts (GW) nuclear power capacity by 2030 due to a number of constraints. The report, titled 'Are China's nuclear power plans achievable?', concludes that while there will be significant progress, with nuclear capacity increasing from 14.6 GW in 2013 to 175 GW by 2030, the missed targets will translate into opportunities for coal producers to capture additional demand growth.
Mr Gavin Thompson, Head of Asia Pacific Gas & Power research for Wood Mackenzie says, "China's environmental measures will drive notable nuclear capacity growth. Additionally, uranium supply will be available for China. However, remaining challenges will result in nuclear falling short of government targets. The government targets 200 GW of nuclear capacity, which would make up 11% of the power generation mix by 2030. In reality, we forecast nuclear capacity to reach 175 GW by then, making up just ten percent of the power generation mix: equivalent to a 2.3% annual growth, from 14.6 GW of nuclear capacity in 2013."
Wood Mackenzie says that by 2030, China's nuclear capacity will account for 30% of the world's total nuclear fleet. Mr Thompson adds, "Putting things into context, in 2013 China made up a mere 4.5% of the global nuclear fleet. Therefore the growth we expect in this timeframe is phenomenal, even if targets are not met."
"What is noteworthy about our forecast is that despite environmental measures pushing for a reduction in coal-fired power generation in China, a shortfall in nuclear capacity will create additional opportunities for coal suppliers, on top of coal remaining the dominant source of base-load electricity," Thompson explains.
Wood Mackenzie's nuclear generation forecast reveals a 200 terawatt-hours (TWh) gap of base-load electricity supply. Coal is expected to meet 125 TWh of the gap while natural gas and renewables accounts for the remainder. Though natural gas production and imports will significantly increase, it will be insufficient to prevent coal from accounting for 64% of the power generation mix by 2030. The report highlights that although coal's share will decline from 75% in 2013, due to the rapid growth in natural gas and renewables capacity, coal will still see net volume growth. Additionally, the one percent upside for coal from nuclear not meeting targets will translate to an additional coal demand of 63 million tonnes per year (mmtpa) by 2025 and 55 mmtpa by 2030.
"Our expectations for a lower level of installed nuclear capacity compared to the government's target are based on a number of factors: operational and siting challenges; constraints on the pace of local nuclear technology development; lack of skilled and trained personnel; lack of supporting infrastructure for uranium fuel fabrication and disposal; and a lack of full support by the public in building inland plants. As such, it's likely that some of the planned and proposed capacity build will be delayed or cancelled," Thompson elaborates.
Mr Thompson concludes, "We took into account these challenges that hold back the development of nuclear but still see China making incredible progress and coming close to government targets of 200 GW by 2030. Our nuclear outlook for China reinforces Wood Mackenzie's view that coal will continue to play a dominant role in power generation in the foreseeable future, even with the successful implementation of new environmental measures. While nuclear will moderate the growth in coal-fired generation, China's coal story is far from over."
Editor's notes:
Wood Mackenzie is a global leader in commercial intelligence for the energy, metals and mining industries. We provide objective analysis and advice on assets, companies and markets, giving clients the insights they need to make better strategic decisions.
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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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Showing 76 to 80 news of total 6871 |
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- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- The University of Queensland
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
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