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Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to convert 13 large coal power projects into clean liquefied natural gas (LNG) based plants.
In a letter sent to the Prime Minister’s Office earlier this month, the Power Division said these 13 coal-based projects either made little progress or could not secure financing, a well-placed source said. Besides, coal power has become costlier in recent years than clean power.
These ongoing projects have a total capacity of 13,000 megawatts – which is more than the country’s current power consumption. As such, the ministry suggested keeping only the projects that are already under construction, and five ongoing coal power projects having 5,371MW of capacity fit the criteria.
The 13 other projects in question have acquired land, and they could be renegotiated into LNG based power projects, Power Division officials told The Business Standard.
State Minister for Energy and Power Nasrul Hamid, who announced the policy direction to shift from coal, recently revealed that financing issues and slow progress are the main reasons behind the re-thinking on the projects. “As most of the sponsored companies failed to get financing, we have decided to rethink the projects. However, further discussion will be taken with the directive of the prime minister,” he had said.
While coal power is difficult to finance, LNG attracts financiers easily now-a-days because of its declining price and clean reputation. Currently, the government is importing 1000 mmcf (million cubic feet) LNG per day through two floating storage units. However, it plans to increase the import capacity to 2,000 mmcf gas per day by 2030.
Meanwhile, a total of five LNG-based projects with a capacity of 8,750 megawatts of electricity are in the pipeline. Payra 3,600 megawatts and Moheskhali 3,600MW combined cycle power projects are the two of these plants which will be implemented by Siemens and General Electric (GE) respectively. Summit Power also joined hands with GE to set up another big LNG based power plant in Meghnaghat.
Source: The Business Standard
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Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...
Thursday, 24 September 20
SUPRAMAX: INDO TO INDIA FIXING AROUND US$13,000 - FEARNLEYS
Cape
Over the last week the iron ore segment from Brazil to China has picked up, and we see freight rates up USD 2 (12%) week on week Fearnleys ...
Thursday, 24 September 20
KOREA MIDLAND POWER TO BUY 1.92 MILLION TONS OF 4,300-4,700 NCV COAL FOR THREE YEARS
COALspot.com: Korea Midland Power Co. Ltd, has issued an International tender for 640,000 MT 4,300-4,700 kcal/kg NCV coal per year.
...
Wednesday, 23 September 20
VIETNAM'S NEW POWER DEVELOPMENT PLAN MUST OPTIMIZE RENEWABLES AND AVOID FOSSIL FUEL LOCK-IN: IEEFA
EVN’s financial constraints leaves the utility with little room for error
Implementing Vietnam’s soon-to-be-launched next Power De ...
Wednesday, 23 September 20
MARKET INSIGHT - INTERMODAL
Undoubtedly, this year (ongoing) will never be forgotten because in a matter of months it has managed to severely affect and shape our day to day p ...
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- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- The University of Queensland
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
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