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Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more permits in a couple of weeks of March than it did all of last year.
The Chinese government issued permits for the construction of 6.6 gigawatts of coal-fired power capacity between March 1 and March 18, compared with 6.3 gigawatts in 2019, according to a new report by the Global Energy Monitor, which tracks coal plant capacity from proposal stage through to completion.
The report, Boom and Bust 2020: Tracking The Global Coal Plant Pipeline, found that due to the Morrison government’s pro-coal policies, Australia was second only to China in the world for proposals of new coal power stations, with 3 gigawatts proposed. However, would-be developers were having trouble sourcing finance as banks and lenders toughened their stance against fossil fuels and as prices for new renewable energy continued to fall beneath that for coal-fired generators.
The fifth annual survey of the coal demand – which tracks plants from proposal stage, through permits to completion – found there was a 16 per cent drop in capacity in the pipeline over the past year and a 66 per cent fall since 2015.
Despite the decline in development, coal capacity swelled by 34.1 gigawatts in 2019, the first increase in net capacity since 2015. Nearly two-thirds of newly commissioned capacity was in China.
Outside China, the global coal fleet overall shrank for the second year in a row, as other countries together retired more coal capacity than they commissioned.
“Global power generation from coal fell by a record amount in 2019, as renewable energy grew and power demand slowed down,” said Christine Shearer, lead author and Director of Global Energy Monitor’s Coal Program. “Regardless, the number of new plants added to the grid accelerated, meaning that the world’s coal plants were operated a lot less – more plants generating less power,” she said. “For banks and investors that continue to underwrite new coal plants, this means weakened profitability and increased risk.”
The coronavirus pandemic has also stalled projects worth $US17.1 billion due to labour and supply chain disruption across south and south-east Asia – regions crucial to the future of the Australian thermal coal industry – the report found.
Even more ominously for Australian exporters, the report found that between 2016 and 2019 construction starts fell by more than 85 per cent, from 12.8 GW to 1.8 GW. In India the pre-construction pipeline shrank by half.
Tim Buckley, the director of Energy Finance Studies at the Institute for Energy Economics and Financial Analysis, said that the report confirmed the thermal coal industry was in terminal decline, despite the uptick in permits in China.
He said that over the past two years China had suspended its efforts to curb pollution – and coal energy capacity – in response to the trade war with the United States, and was now leaning even more heavily on coal to stimulate its economy in the face of the coronavirus.
But he said that as a result of that diversion of effort, China was no longer investing in coal plants throughout the Asian region.
China’s coal power capacity was increasingly idle, running at below 50 per cent.
He said that even as it built new coal-fired power plants, China was decommissioning plants built just a decade ago, or well shy of their designed life.
Source: Sydney Morning Herald
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Monday, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
As the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more ...
Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...
Monday, 18 May 20
CHINA'S COAL OUTPUT UP 1.3 PCT IN JANUARY-APRIL: XINHUA
Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed.
&nbs ...
Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the ...
Friday, 15 May 20
CHINA'S COAL CONSUMPTION TO FALL Y/Y IN SECOND QUARTER, IMPROVEMENT EXPECTED IN SECOND HALF - INDUSTRY BODY: REUTERS
China’s coal consumption is expected to decline in the second quarter from a year earlier, but will see an improvement in the second half of ...
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- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
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