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Friday, 17 June 16
CHINA'S NEW POLICY TO REDUCE WASTE IN RENEWABLE ENERGY - FITCH
 Chinese renewable energy producers are likely to benefit from a new policy that guarantees a minimum amount of solar and wind power is purchased in certain provinces, Fitch Ratings says. The extent of the impact of this new policy announced by China's National Development and Reform Commission on 27 May 2016 will depend on execution at the provincial level.
According to Fitch, the new policy comes as solar and wind power producers frequently face curtailment, where power grids do not purchase all the energy generated. The wastage arises as the government has not strictly enforced the Renewable Energy Law, which requires grid companies to purchase solar and wind power generated first before buying from other sources. In the past, delayed grid connectivity and higher on-grid priority for power/heating co-generation during the winter season in certain regions contributed to solar and wind power curtailment. Starting from 2015, renewable energy faced additional challenges from slower power demand growth due to the weaker economic growth, and the significant capacity additions by thermal and renewable power producers.
Fitch further noted that, the under the new policy, the NDRC will guarantee that grid companies purchase solar and wind power, based on a minimum utilisation hour for such projects, in 11 provinces where producers face severe curtailment. The 11 provinces are: Inner Mongolia, Xinjiang, Gansu, Jilin, Heilongjiang, Ningxia, Liaoning, Qinghai, parts of Hebei, Shanxi and Shaanxi. The curtailment ratios in these provinces were higher than China's average solar and wind power curtailment ratios of 14% and 26%, respectively, in 1Q16. These provinces represented 69% of China's total wind power generation and 70% of total solar capacity in 2015.
The NDRC's guarantee of a minimum utilisation hour for solar and wind power, which is set to allow these generators a reasonable return, will provide some comfort to renewable energy investors in these provinces, who have seen the utilisation hours for wind and solar power in these provinces decline in the past two years. The NDRC will guarantee minimum utilisation hour of between 1,800 and 2,000 hours for wind power and between 1,300 and 1,500 hours for solar power in these regions. The average minimum guarantee is about 17% higher than the actual utilisation in 2015, although around 8% lower than that in 2013.
The new NDRC policy also bans new wind and solar power projects in the regions where the utilisation rate is below the minimum amount under the guaranteed purchase policy. There are still 33GW of wind power projects in the pipeline in these 11 provinces, and those that have not started construction may be suspended.
We believe the effectiveness of the guarantee in provinces such as Gansu, Jilin and Heilongjiang will be most dependent on the execution; especially because the policy has not specified who will bear the cost of any non-compliance with the minimum purchase guarantee. These regions' actual utilisation hours in 2015 were 19%-34% below the announced guarantee. The expected growth in power demand in these regions is also weak and export transmission capacity is currently limited. Thermal power (mostly co-gen units) is also running at low utilisation, which means there is limited room to allocate more on-grid capacity to renewable energy without further hurting the thermal power producers.
The NDRC's guarantee does not affect the on-grid tariff subsidies currently in place for solar and wind power. Beyond the minimum purchase guaranteed by NDRC, solar and wind power generators can sell any excess power generated through a market power sales programme. The generators will receive the proceeds from the power sales and any applicable subsidies for solar or wind power, Fitch Ratings says.
The impact of the new policy on the thermal-power sector will be minimal, as wind and solar together account for only 4% of national power generation. We estimate that thermal-power utilisation would only have been less than 1% lower if the off-take from solar and wind projects were at the guaranteed requirement in 2015. However, we expect utilisation levels for coal-fired generation to continue to fall due to the increasing over-capacity in the sector, Fitch Ratings Concluded.
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Thursday, 19 May 16
AUSTRALIAN IRON ORE CARGOES PUSHED UP THE FREIGHT RATES FOR CAPE THIS WEEK - FEARNLEYS
Cape
It has been a big jump in the freight rates for Cape size this week, says Fearnleys in its latest weekly report. All of the Australian iron ...
Thursday, 19 May 16
DISPUTE OVER VAT ON COAL DRAGS ON, CAUSING DOUBLE-BLOW TO MINERS - JP
The dispute over the value-added tax ( VAT ) mechanism between coal miners operating under third-generation contracts and the Finance Ministry&rsqu ...
Wednesday, 18 May 16
DRY BULK OUTLOOK REMAINS GLOOMY SAYS DANISH SHIP FINANCE, AS SHIPPING NEEDS TO RETHINK BUSINESS MODEL - HELLENIC SHIPPING
Our Shipping Market Review – May 2016 is devoted to the fourth industrial revolution. To understand the truly disruptive nature of the fourth ...
Wednesday, 18 May 16
LONG TERM FUNDAMENTALS ARE SLOWLY IMPROVING FOR THE DRY BULK MARKET - INTERMODAL
As we are approaching the end of the first half of the year, there is a number of market participants over at the dry bulk sector that have started ...
Tuesday, 17 May 16
INDONESIAN COAL PRICE REFERENCE DECLINE AGAIN
COALspot.com: The Indonesia Coal Benchmark Price declined in May 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of ...
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Showing 2426 to 2430 news of total 6871 |
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- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- The University of Queensland
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
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