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Tuesday, 21 January 20
ASIA'S APPETITE FOR COAL GROWS, WITH CHINA THE KEY DECIDER - NIKKEI
Although renewable power generation is expected to rise significantly in Asia, India’s vast electricity needs will still underpin global demand for coal until 2024, according to a recent report released by the International Energy Agency.
The IEA said, however, that China will be the biggest decider of coal’s future after 2024, as it accounts for half of global consumption.
In India, the report said that wind power generation capacity is expected to double between 2018 and 2024, while solar power generation is seen to surge fourfold over the same period. But India’s coal consumption is expected to rise by 4.6% per year through 2024, the biggest expansion it sees in any country. Over the same period, Southeast Asia’s coal demand is also seen to increase by 5% annually, led by Indonesia and Vietnam.
Such rises will offset any drop in coal consumption in the European Union. “Although [coal consumption] will probably decline in 2019, we expect it to remain broadly steady thereafter through 2024,” said the IEA.
The burning of coal for fuel emits more greenhouse gases than from any other energy source. As such, it is a key contributor to climate change, and several countries in the EU have adopted plans to phase out coal power generation.
Even China’s coal consumption is expected to decline over the next few years as a result of air pollution concerns and structural economic changes. The IEA report said: “Overall, coal demand in China plateaus by 2022 and then starts to decline slowly.”
Despite some moves toward cleaner energy, Japan has come under criticism for its lack of commitment to reducing coal-fired power plants, as brought to the fore at the United Nations Climate Change Conference in December. “I cannot share new developments on our core policy today,” said Japanese Environment Minister Shinjiro Koizumi at the conference, nicknamed COP25.
Japan’s three leading banks were the top lenders to companies involved in coal-fired power projects, according to a report by nonprofit and nongovernmental organizations including BankTrack.
Mizuho Financial Group, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are thought to have provided $39.3 billion in loans to the sector between 2017 and the third quarter of 2019. The report also showed that Chinese financial institutions — Industrial and Commercial Bank of China, Ping An Insurance Group and CITIC — were the top three underwriters for coal developers.
An official at one of the named companies said the figures were misleading because they included loans to companies that undertake both coal-fired power plants and other projects, including renewable energy, although she declined to speak on the record.
Given the global shift toward cleaner energy, many Japanese banks and companies have announced guidelines to limit investments in new coal-fired plants.
Trading company Sumitomo Corp. had said it wanted to decrease coal generation capacity to 30% of its total from 50%. But it still faced criticism for commencing construction on the 1,320-megawatt Van Phong 1 coal-fired power plant in Vietnam, which was finalized in 2009. The project is also funded by Mizuho, MUFG and SMFG.
“The project is needed to fill the electricity demand gap” in Vietnam, said a Sumitomo spokesperson. The company also has a project under construction in Indonesia.
Despite such legacy projects, there are new renewable projects on smaller scales that are more competitive, a trend that is leading to “a slow death” for coal, said a lawyer specializing in energy projects. According to the IEA, more solar power plants were approved in Southeast Asia in the first half of 2019 than new coal-fired projects.
According to Keisuke Sadamori, an IEA director, China’s energy needs will also depend on its future policies. The Chinese government is expected to release its 14th five-year plan this year to set targets for 2021 to 2025.
Source: Nikkei
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Monday, 25 November 19
COAL SUPPLY BY CIL TO POWER SECTOR DROPS OVER 8 PC TO 253 MT IN APRIL-OCTOBER - PTI
Supply of coal by state-owned CIL to the power sector registered a decline of 8.5 per cent to 253 million tonnes in the April-October period of thi ...
Monday, 25 November 19
A 53,000DWT SHIP FIXED AT $9,500 DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY VIETNAM - BALTIC BRIEFING
Capesize
After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC averag ...
Monday, 25 November 19
KOWEPO INVITED 6.79 MILLION TONS OF (SUB)BITUMINOUS STEAM COAL BIDS
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for 6,798,000 tons of coal for 5 years ...
Friday, 22 November 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 22 November 19
FORTY PERCENT OF ADARO'S COAL SALES VOLUME IN 9M19 GOES TO THE SOUTHEAST ASIA REGION
PT Adaro Energy Tbk released its consolidated financial statements yesterday, for the nine month period, ending September 30, 2019.
...
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- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- The University of Queensland
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
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