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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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Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
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- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
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