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Tuesday, 29 January 19
HARD COAL BEARS THE BRUNT OF THE RECOMMENDATIONS OF THE COMMISSION GROWTH STRUCTURAL CHANGE AND EMPLOYMENT - VDKI
 Press Release: Hard coal bears the brunt of the recommendations of the Commission Growth Structural change and employment.
In its final report, the Commission makes no mention of the contribution of hard coal to reducing CO2 emissions, although hard coal has made the main contribution to reducing emissions in recent decades. By the end of 2018, it had cut its fuel consumption for electricity generation in half compared to 1990.
Against this background, the Commission nevertheless proposes to reduce the output of hard coal-fired power plants by 7.7 GW to around 15 GW as early as 2022. Not only is this proposal completely unrealistic, it also shows that representatives of regions, business, trade unions and environmental organisations have "reached agreement" at the expense of coal, an energy source not represented in the Commission. At the same time, they violate the goals of climate policy, economic efficiency and security of supply.
Hard coal-fired power plants are the existing and economical bridge solution for the energy system transformation: They compensate for the fluctuating supply of renewable energy sources. Whether the required capacity of open gas turbines will be completed by 2022 is highly uncertain. What is certain, however, is that this will cause additional costs that one could confidently do without. Because open gas turbines have a lower efficiency than coal-fired power plants - this measure is counterproductive in terms of climate policy. It makes the energy system transformation more expensive and provokes the demand of the economy for relief from these costs. And yet it would have been the easiest way, especially for business representatives, not to let this nonsensical cost burden arise in the first place.
As the world's leading exporter, Germany cannot isolate itself from the rest of the world in terms of energy economics. Hard coal is available worldwide free of political risks. Natural gas is not only associated with political risks but will also unnecessarily increase the price of energy supplies in Germany.
In its final report, the Commission reduced the 'coal industry' to those employed in power stations, ignoring those employed in trade and logistics. In the Ruhr area and Saarland there are many hard coal-fired power plants which have either been shut down in recent years or are still in operation. These regions have by no means survived the structural change and would urgently need support. Instead, this flows into regions with lower unemployment in many places than in the Ruhr area. Although this is to be understood as an electoral tactic, it has nothing in common with the Commission's mandate.
Nor can this be justified by the fact that the Commission 'discovered' the hard coal very late. In its interim report of 25 October 2018 on possible measures for the social and structural development of the lignite regions, it acknowledged that the Commission's work had so far focused only on structural change in the lignite mining areas. In avoiding structural breaks, however, she only thought of the lignite mining areas. For hard coal there was only one "if necessary" in the interim report and some project proposals for structural development for Saarland in the final report.
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Wednesday, 21 November 18
SHIPPING MARKET INSIGHT - DIMITRIS KOURTESIS
Halfway through the fourth and last quarter of the year, we spot a significant change in freight rates for tankers trading dirty, as well as on the ...
Tuesday, 20 November 18
FREIGHT RATES IN THE CRUDE OIL MARKET HAVE ALREADY PICKED UP OVER THE PAST COUPLE OF WEEKS - YIANNIS VAMVAKAS
Current geopolitical developments between Iran and the US, which have led the latter to re-impose its sanctions, have significantly affected oil pr ...
Tuesday, 20 November 18
GOLDEN ENERGY AND RESOURCES LEADS A$249M BID FOR AUSTRALIA-LISTED STANMORE COAL - THE STRAITS TIMES
Singapore-listed Golden Energy and Resources (GEAR) is leading deals worth up to A$249 million (S$250 million) to acquire Australia-listed Stanmore ...
Monday, 19 November 18
INDONESIA'S LEADING EIGHT COAL MINER'S COAL MINING CONTRACTS ARE EXPECTED TO EXPIRE BETWEEN YEAR 2019 - 2025
The Ministry of Energy and Mineral Resources (ESDM) said, eight Coal Contract of Works (CCoW) will expected to expire between 2019 to 2026, Liputan ...
Monday, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predict ...
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- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Planning Commission, India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Latin American Coal - Colombia
- The Treasury - Australian Government
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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