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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, 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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- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
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