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Monday, 02 November 20
PHILIPPINES GOVERNMENT SAYS NO TO NEW COAL PLANT PROPOSALS - IEEFA | 24 PILIPINAS
The Duterte administration will no longer accept proposals to construct new coal power plants, a dramatic shift in energy policy that counts on declining costs of renewables to attract clean power investments.
The moratorium was announced in tandem with the relaxation on foreign ownership limits in geothermal energy, doubling down on the slow transition to clean power seen as a long-term fix to the Philippines’ supply problems and now even sky-high power costs.
When President Rodrigo Duterte took office in 2016, his government abandoned a policy of his predecessor that prioritized renewables in favor of one that disregarded the energy source so long as it improves the country’s baseload capacity to meet the demand of a growing economy.
As a result, by 2017, the latest period on which data is available, coal projects proliferated, eating up a larger pie of the country’s energy mix at 26.7%. This happened while the share of renewables declined to just 39% in the same year from as much as 46.1% in 2006.
At the time, coal and other fossil fuels were still deemed cheaper than renewables even though 15.8% of the former were being imported and therefore translated to import costs passed on to consumers. But times have changed and Sara Ahmed, energy finance analyst at Institute for Energy Economics and Financial Analysis, a think tank, said the government’s energy shift is very timely.
“The costs trajectory and the current costs of renewable energy, per kilowatt energy when generated domestically is getting cheaper than imported coal and imported gas,” Ahmed said in a phone interview. “The constraints we previously thought we have, we don’t actually have,” she added.
Source: IEEFA | 24 Pilipinas
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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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- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Sojitz Corporation - Japan
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
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