COALspot.com keeps you connected across the coal world
  • OCTOBER 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 51.00 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 23 September 20
VIETNAM'S NEW POWER DEVELOPMENT PLAN MUST OPTIMIZE RENEWABLES AND AVOID FOSSIL FUEL LOCK-IN: IEEFA
IEEFAEVN’s financial constraints leaves the utility with little room for error

Implementing Vietnam’s soon-to-be-launched next Power Development Plan will ultimately depend on the country’s ability to mobilize more innovative sources of offshore financing, finds a new report by think tank the Institute for Energy Economics and Financial Analysis (IEEFA).
 
Vietnam is poised to launch Power Development Master Plan 8 (PDP 8) for the next decade featuring a timely departure from reliance on inflexible coal-burning independent power plants and a move towards renewable energy and liquefied natural gas (LNG).
 
Report co-author Melissa Brown says state utility Electricity of Vietnam’s (EVN) ability to embrace renewable energy technologies and avoid lock-in will be key to the success of the new strategy.
 
“EVN has a unique opportunity to attract competitively priced investment in cost-effective renewables technologies and much-needed grid infrastructure,” says Brown.
 
“With the right policies to support market development, EVN can avoid locking in high-cost baseload fossil fuel power projects with high fixed cost financial burden, which will become a barrier to integrating cleaner cheaper energies.
 
“Instead, EVN will be ready for the cost-effective renewable energy innovations that will certainly emerge over the next five years.”
 
The authors suggest the most dynamic aspect of the power development plan’s progress will be how well EVN and the Ministry of Industry and Trade can optimize renewable energy sources that will unlock low-cost investment capital and cheaper power generation.
 
EVN’s constrained financial position means the utility has little margin for error, particularly if its investment in long-lived power assets fails to produce a cost-effective solution for future power needs.
 
“Due to Vietnam’s limited domestic funding and lack of direct access to international capital markets, EVN has relied on international developers to finance new generation capacity, only retaining full control of transmission and distribution,” says co-author Thu Vu.
 
“Over the past five years, EVN’s generation capacity shrank from 61% to 52% of the total system, a ratio we expect to fall even more rapidly in coming years.
 
“Consequently, EVN now faces the risk that if tariff increases cannot keep pace with independent power producer (IPP) charges, new debt will be needed to help meet growing payment obligations.” 
 
The authors estimate that EVN’s cost of purchased power might account for 60% of operating costs by 2023, up from 43% in 2019.
 
“And due to the impact of COVID-19, unit sales growth is forecast to rise only 2.2% this year compared with the usual double-digit rise of recent years,” says Vu.
 
“At the same time, forecast revenues have been hurt by a tariff rebate program and a tariff freeze order. Taken together, EVN is expected to report a net loss in 2020 as well as a significant drop in cash.”
 
With the pandemic continuing to unfold in unpredictable ways, the authors note it may be time for planners to reset future tariff and demand expectations. Any review should also include consideration of the way that transparency and competition can support more cost-effective and flexible development options.
 
“In addition to renewable energies, the apparent pivot toward LNG reflects a combination of geostrategic and planning considerations,” says Brown. 
 
The authors note Vietnam’s LNG focus is backed by the country’s political leadership and has been formalized in Resolution 55. Offshore gas output, the majority of which is used for power generation, had been expected to peak by 2026. This timeline may change however with the recent announcement of a new offshore gas discovery which may permit EVN to defer new commitments to LNG facilities.
 
“Despite clear signs of policy commitment, it is notable that many fundamental questions about how the links in the LNG value chain will evolve in Vietnam have yet to be answered,” says Brown. 
 
“At a time when the global gas market is facing existential questions about long-term market structures, this is not a minor issue.” 
 
The authors suggest the full cost of integrating a large commitment to LNG into Vietnam’s energy and power markets is not yet fully understood domestically, or by regional analysts. There is neither a comprehensive master plan nor a centralized management model for Vietnam’s LNG industry.
 
Brown notes the most common mistake analysts are likely to make when tracking developments in Asian power markets is failing to differentiate between the formal policies and regulations that define current market activity and the plans that are used to shape policy choices. 
 
“Analysts may be best served if they assess PDP 8 as a directional roadmap, rather than as a rigid master plan with fixed milestones,” says Brown. 
 
“Experience with PDP 7 has shown that sectoral master plans in Vietnam are best understood as being aspirational in nature. 
 
“They are significant because they serve the administrative purpose of laying the legal basis for project approvals. But, when market conditions change, revisions are to be expected. 
 
“If the past three years have been any indication, provincial and central authorities are willing to revise power master plans if new investments make socio-economic sense.” 


Authors: Melissa Brown and Thu Vu 
 
 About IEEFA: The Institute for Energy Economics and Financial Analysis (IEEFA) examines issues related to energy markets, trends and policies. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 14 October 20
MARKET INSIGHT - INTERMODAL
The tanker market has experienced severe freight rate and asset value declines over the past 5 months. A potential market upturn may arise in the c ...


Friday, 09 October 20
INDIA'S COAL IMPORTS IMPROVE SOMEWHAT, BUT RECOVERY IS UNEVEN - REUTERS
India’s coal imports, depressed by the impact of coronavirus this year, regained ground in September, but in an uneven uptick – shipmen ...


Thursday, 08 October 20
CHINA'S COAL IMPORTS FROM INDONESIA DECLINED 16.4% Y-O-Y, TO 80.2 MLN TONNES IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
China's coal imports boomed in 2019,  surprising many who had expected the government would clamp down strictly on shipments.   ...


Thursday, 08 October 20
GLIMMER OF LIGHT FOR COAL, BUT SHORT TERM - FNARENA
Is coal on the rebound? Demand appears stronger and supply reductions have underpinned a tightening market. Certainly, the Newcastle thermal coal p ...


Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease. COVID-19 a ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6118
News by Category
Popular News
 
Total Members : 27,133
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Global Coal Blending Company Limited - Australia
  • Attock Cement Pakistan Limited
  • Gupta Coal India Ltd
  • Edison Trading Spa - Italy
  • Samtan Co., Ltd - South Korea
  • Credit Suisse - India
  • Ind-Barath Power Infra Limited - India
  • Chettinad Cement Corporation Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Mitsui
  • Renaissance Capital - South Africa
  • CIMB Investment Bank - Malaysia
  • KPMG - USA
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Permata Bank - Indonesia
  • Iligan Light & Power Inc, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Coastal Gujarat Power Limited - India
  • Thriveni
  • Dalmia Cement Bharat India
  • New Zealand Coal & Carbon
  • SGS (Thailand) Limited
  • Shree Cement - India
  • White Energy Company Limited
  • Moodys - Singapore
  • Therma Luzon, Inc, Philippines
  • Kalimantan Lumbung Energi - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Metalloyd Limited - United Kingdom
  • Thai Mozambique Logistica
  • World Coal - UK
  • globalCOAL - UK
  • Orica Australia Pty. Ltd.
  • Australian Coal Association
  • HSBC - Hong Kong
  • KPCL - India
  • Port Waratah Coal Services - Australia
  • Wood Mackenzie - Singapore
  • PowerSource Philippines DevCo
  • Medco Energi Mining Internasional
  • Carbofer General Trading SA - India
  • Economic Council, Georgia
  • The Treasury - Australian Government
  • Salva Resources Pvt Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Lanco Infratech Ltd - India
  • Coeclerici Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Central Electricity Authority - India
  • Mitra SK Pvt Ltd - India
  • Central Java Power - Indonesia
  • SMG Consultants - Indonesia
  • Berau Coal - Indonesia
  • Ministry of Mines - Canada
  • Surastha Cement
  • BNP Paribas - Singapore
  • Deloitte Consulting - India
  • Siam City Cement - Thailand
  • SMC Global Power, Philippines
  • KOWEPO - South Korea
  • UBS Singapore
  • Infraline Energy - India
  • Electricity Generating Authority of Thailand
  • Mercuria Energy - Indonesia
  • Asian Development Bank
  • Japan Coal Energy Center
  • Parliament of New Zealand
  • Essar Steel Hazira Ltd - India
  • European Bulk Services B.V. - Netherlands
  • Maybank - Singapore
  • Humpuss - Indonesia
  • Fearnleys - India
  • Pinang Coal Indonesia
  • Cardiff University - UK
  • CNBM International Corporation - China
  • OPG Power Generation Pvt Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Malabar Cements Ltd - India
  • The State Trading Corporation of India Ltd
  • Orica Mining Services - Indonesia
  • OCBC - Singapore
  • Manunggal Multi Energi - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Bukit Makmur.PT - Indonesia
  • Xindia Steels Limited - India
  • Ernst & Young Pvt. Ltd.
  • CCIC - Indonesia
  • CoalTek, United States
  • DBS Bank - Singapore
  • SN Aboitiz Power Inc, Philippines
  • Eastern Energy - Thailand
  • Miang Besar Coal Terminal - Indonesia
  • Barclays Capital - USA
  • Romanian Commodities Exchange
  • TNPL - India
  • Riau Bara Harum - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Madhucon Powers Ltd - India
  • London Commodity Brokers - England
  • Indonesian Coal Mining Association
  • Trasteel International SA, Italy
  • RBS Sempra - UK
  • Formosa Plastics Group - Taiwan
  • Idemitsu - Japan
  • Total Coal South Africa
  • India Bulls Power Limited - India
  • Merrill Lynch Bank
  • Platts
  • Bangladesh Power Developement Board
  • Jindal Steel & Power Ltd - India
  • APGENCO India
  • Global Business Power Corporation, Philippines
  • ING Bank NV - Singapore
  • Bayan Resources Tbk. - Indonesia
  • BRS Brokers - Singapore
  • Parry Sugars Refinery, India
  • KEPCO - South Korea
  • Panama Canal Authority
  • Kobexindo Tractors - Indoneisa
  • LBH Netherlands Bv - Netherlands
  • Core Mineral Indonesia
  • Latin American Coal - Colombia
  • MEC Coal - Indonesia
  • World Bank
  • IEA Clean Coal Centre - UK
  • Rio Tinto Coal - Australia
  • Merrill Lynch Commodities Europe
  • Indika Energy - Indonesia
  • Petron Corporation, Philippines
  • Karbindo Abesyapradhi - Indoneisa
  • Cement Manufacturers Association - India
  • Simpson Spence & Young - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Ministry of Transport, Egypt
  • Mjunction Services Limited - India
  • Banpu Public Company Limited - Thailand
  • Sindya Power Generating Company Private Ltd
  • TeaM Sual Corporation - Philippines
  • ASAPP Information Group - India
  • bp singapore
  • GB Group - China
  • Xstrata Coal
  • Meralco Power Generation, Philippines
  • Bhushan Steel Limited - India
  • Freeport Indonesia
  • Maheswari Brothers Coal Limited - India
  • ANZ Bank - Australia
  • Binh Thuan Hamico - Vietnam
  • Cigading International Bulk Terminal - Indonesia
  • Indonesia Power. PT
  • Bank of China, Malaysia
  • SASOL - South Africa
  • TRAFIGURA, South Korea
  • Coal and Oil Company - UAE
  • Billiton Holdings Pty Ltd - Australia
  • Australian Commodity Traders Exchange
  • The University of Queensland
  • Holcim Trading Pte Ltd - Singapore
  • Kaltim Prima Coal - Indonesia
  • Shenhua Group - China
  • Eastern Coal Council - USA
  • Karaikal Port Pvt Ltd - India
  • NALCO India
  • Maruti Cements - India
  • Sinarmas Energy and Mining - Indonesia
  • Gujarat Sidhee Cement - India
  • Globalindo Alam Lestari - Indonesia
  • Tamil Nadu electricity Board
  • Agrawal Coal Company - India
  • Price Waterhouse Coopers - Russia
  • Bhatia International Limited - India
  • Baramulti Group, Indonesia
  • Indogreen Group - Indonesia
  • Thailand Anthracite
  • Coalindo Energy - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Mitsubishi Corporation
  • Platou - Singapore
  • Cebu Energy, Philippines
  • Kartika Selabumi Mining - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Makarim & Taira - Indonesia
  • Tata Chemicals Ltd - India
  • Barasentosa Lestari - Indonesia
  • Chamber of Mines of South Africa
  • Mercator Lines Limited - India
  • Indian School of Mines
  • Vitol - Bahrain
  • Petrochimia International Co. Ltd.- Taiwan
  • Planning Commission, India
  • Intertek Mineral Services - Indonesia
  • SUEK AG - Indonesia
  • McConnell Dowell - Australia
  • Semirara Mining and Power Corporation, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • Bangkok Bank PCL
  • Commonwealth Bank - Australia
  • Coal India Limited
  • Petrosea - Indonesia
  • Toyota Tsusho Corporation, Japan
  • The India Cements Ltd
  • Ambuja Cements Ltd - India
  • PetroVietnam
  • Borneo Indobara - Indonesia
  • Bulk Trading Sa - Switzerland
  • Gresik Semen - Indonesia
  • Sical Logistics Limited - India
  • Mintek Dendrill Indonesia
  • Malco - India
  • Savvy Resources Ltd - HongKong
  • Jorong Barutama Greston.PT - Indonesia
  • Runge Indonesia
  • GNFC Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • McKinsey & Co - India
  • IHS Mccloskey Coal Group - USA
  • Straits Asia Resources Limited - Singapore
  • Antam Resourcindo - Indonesia
  • Mechel - Russia
  • Cosco
  • Energy Link Ltd, New Zealand
  • Reliance Power - India
  • Geoservices-GeoAssay Lab
  • Uttam Galva Steels Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Minerals Council of Australia
  • Britmindo - Indonesia
  • Thermax Limited - India
  • Russian Coal LLC
  • San Jose City I Power Corp, Philippines
  • Inco-Indonesia
  • Vale Mozambique
  • TANGEDCO India
  • Sojitz Corporation - Japan
  • Independent Power Producers Association of India
  • IBC Asia (S) Pte Ltd
  • EMO - The Netherlands
  • Georgia Ports Authority, United States
  • Glencore India Pvt. Ltd
  • ICICI Bank Limited - India
  • Interocean Group of Companies - India
  • Siam City Cement PLC, Thailand
  • Sucofindo - Indonesia
  • Arutmin Indonesia
  • WorleyParsons
  • Indo Tambangraya Megah - Indonesia
  • Arch Coal - USA
  • IOL Indonesia
  • Anglo American - United Kingdom
  • GVK Power & Infra Limited - India
  • PLN Batubara - Indonesia
  • Tanito Harum - Indonesia
  • Videocon Industries ltd - India
  • Aditya Birla Group - India
  • Altura Mining Limited, Indonesia
  • GHCL Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • NTPC Limited - India
  • Aboitiz Power Corporation - Philippines
  • Rashtriya Ispat Nigam Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Jatenergy - Australia
  • Energy Development Corp, Philippines
  • Standard Chartered Bank - UAE
  • Pipit Mutiara Jaya. PT, Indonesia
  • Meenaskhi Energy Private Limited - India
  • Kideco Jaya Agung - Indonesia
  • South Luzon Thermal Energy Corporation
  • ETA - Dubai
  • Qatrana Cement - Jordan
  • Star Paper Mills Limited - India
  • Inspectorate - India
  • Enel Italy
  • Ceylon Electricity Board - Sri Lanka
  • Noble Europe Ltd - UK
  • JPower - Japan
  • Bharathi Cement Corporation - India
  • Krishnapatnam Port Company Ltd. - India
  • Heidelberg Cement - Germany
  • VISA Power Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • Indorama - Singapore
  • Directorate Of Revenue Intelligence - India
  • IMC Shipping - Singapore
  • ACC Limited - India
  • Semirara Mining Corp, Philippines
  • MS Steel International - UAE
  • Kumho Petrochemical, South Korea
  • Bank of America
  • Coal Orbis AG
  • J M Baxi & Co - India
  • Clarksons - UK
  • Asia Cement - Taiwan
  • Cargill India Pvt Ltd
  • Maersk Broker
  • Peabody Energy - USA
  • Leighton Contractors Pty Ltd - Australia
  • Sree Jayajothi Cements Limited - India
  • Wilmar Investment Holdings
  • Indian Oil Corporation Limited
  • Adaro Indonesia
  • Kobe Steel Ltd - Japan
  • GN Power Mariveles Coal Plant, Philippines
  • Adani Power Ltd - India
  • Samsung - South Korea
  • EIA - United States
  • CESC Limited - India
  • SRK Consulting
  • Tata Power - India
  • Directorate General of MIneral and Coal - Indonesia
  • Jaiprakash Power Ventures ltd
  • Vizag Seaport Private Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Lafarge - France
  • Sakthi Sugars Limited - India
  • Vedanta Resources Plc - India
  • Power Finance Corporation Ltd., India
  • Ministry of Finance - Indonesia
  • Africa Commodities Group - South Africa
  • Sarangani Energy Corporation, Philippines
  • Thiess Contractors Indonesia
  • Singapore Mercantile Exchange
  • Rudhra Energy - India
  • Marubeni Corporation - India
  • UOB Asia (HK) Ltd
  • Posco Energy - South Korea
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Kepco SPC Power Corporation, Philippines
  • Cemex - Philippines
  • U S Energy Resources
  • Larsen & Toubro Limited - India
  • Goldman Sachs - Singapore
  • Kapuas Tunggal Persada - Indonesia
  • Ince & co LLP
  • Timah Investasi Mineral - Indoneisa
  • Bhoruka Overseas - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • TGV SRAAC LIMITED, India
  • Oldendorff Carriers - Singapore
  • Thomson Reuters GRC
  • Bukit Asam (Persero) Tbk - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Deutsche Bank - India
  • Coaltrans Conferences
  • Grasim Industreis Ltd - India
  • JPMorgan - India
  • International Coal Ventures Pvt Ltd - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • GMR Energy Limited - India
  • Argus Media - Singapore
  • PLN - Indonesia
  • PTC India Limited - India