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Wednesday, 26 August 20
PENDING SOUTH KOREA LEGISLATION COULD FORCE HALT TO COUNTRY’S COAL PLANT EXPORT DEALS - KOREA ECONOMIC DAILY
South Korea’s parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired plant deals under way at risk of being scrapped.
Late last month, four lawmakers from the ruling Democratic Party proposed a set of bills, aimed at prohibiting utility Korea Electric Power Corp. (KEPCO), two state-run Korean banks and the state trade insurance provider from financing foreign coal projects.
The draft bills concerning KEPCO, Korea Development Bank, Export-Import Bank of Korea (Korea EXIM) and Korea Trade Insurance Corp. are very likely to pass at the ruling party-controlled National Assembly next month.
Under the proposed bills, the four state-run entities will be prohibited from participating in the construction and operation of coal-fired power plants abroad, as well as extending the life of existing plants. After passing through the National Assembly’s regular session, the bills will take effect immediately.
South Korea is the world’s No. 2 coal power plant exporter in terms of orders received, winning $5.8 billion worth of orders between January 2013 and July 2020, according to EndCoal. China is the biggest coal power plant exporter for orders of $50 billion, nearly 10 times more than South Korea.
But the new legislation may herald the collapse of the relevant industry in Korea. In particular, Doosan Heavy would be hard hit by a ban on the country’s financing of overseas coal plants, as this accounts for half of its overseas business. The company has already suffered from the South Korean government’s policy to phase out nuclear power.
Source: The Korea Economic Daily
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Monday, 24 August 20
A COMBINATION OF DEVELOPMENTS DROVE THE FALLOFF COAL PRICES - CHIEF ECONOMIST’ OFFICE, AUSTRALIA
China, rising domestic production combined with subdued power demand;
India, a lockdown coupled with government directives that fav ...
Monday, 24 August 20
AUSTRALIA'S THERMAL COAL EXPORTS ARE FORECAST TO DROP FROM AN ESTIMATED $20 BILLION IN 2019-20 TO $16 BILLION IN 2020-21: REPORT
Thermal coal spot prices have fallen sharply as the impact of COVID-19 drives a contraction in seaborne trade for only the second time this century ...
Saturday, 22 August 20
REPORT SEES INDIA’S RELIANCE ON THERMAL POWER DROPPING TO 50% IN 2021, 43% IN 2026 - ET ENERGY | IEEFA
India’s dependence on thermal power will reduce to 50 per cent by 2021-22 and 43 per cent by 2026-27 on the back of renewable energy (RE) cap ...
Friday, 21 August 20
323 MILLION ELECTRIC VEHICLES WILL BE ON THE ROADS BY 2040 - WOOD MACKENZIE
Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new ...
Friday, 21 August 20
BHP COMMITS TO SELLING ITS THERMAL COALMINES WITHIN TWO YEARS - THE GUARDIAN
Move follows pressure from investors but company stops short of full exit from coalmining
BHP has announced it plans to sell off its ...
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- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
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