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Monday, 14 December 20
PHILIPPINE BANK RCBC TO STOP LENDING FOR NEW COAL-FIRED POWER PROJECTS - MANILA BULLETIN
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power projects in the Philippines.
That came as a daring statement from RCBC President and CEO Eugene S. Acevedo, the first bank chief executive to do so following last month’s coal moratorium declaration by the Department of Energy. “No more coal, no more coal. I’ll say that slowly — NO MORE COAL,” he told reporters who were attending the Yuchengco Groups’ Future-Proofing 2021 virtual forum.
Acevedo made it clear to the journalists that the bank will be taking a milestone change and shift on its energy project funding – that the leaning moving forward will be largely on renewables and gas-fired power facilities.
“The good news is, many of those who used to be coal are migrating to renewables,” the RCBC chief executive said, noting that while there might not be a set percentage on their energy loan portfolios now, the sure thing is they will just bankroll clean energy projects in the foreseeable future.
“I’m going to say that moving forward, all our loans for energy projects will be non-coal, it will be 100 percent non-coal… but it’s very difficult for the country to subsist on purely renewables, so we’ll have a mix,” he said.
Acevedo further opined that “to create a robust energy grid, there has to be a combination of renewables plus a few power plants that are rapidly ratcheted up — and those plants are usually gas-fired. So, we might have a combination of gas and a lot of renewables moving forward.”
- Myrna M. Velasco -
Source: Manila Bulletin
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Monday, 04 January 21
U.S. RENEWABLE ENERGY CONSUMPTION SURPASSES COAL FOR THE FIRST TIME IN OVER 130 YEARS - EIA
In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S ...
Monday, 04 January 21
BLISS FOR SHIPOWNERS! DAMAGES MAY BE CLAIMED IN ADDITION TO DEMURRAGE FOR VOYAGE CHARTERPARTY DELAY - WFW
KNOWLEDGE TO ELEVATE
In a significant decision for the maritime sector, The Eternal Bliss[1], the English Commercial Court has resol ...
Sunday, 03 January 21
INDIA: COMMERCE MINISTRY LAUNCHES COAL IMPORT MONITORING SYSTEM - PTI
CIMS shall require importers to submit advance information in an online system for imports of items and obtain an automatic registration number by ...
Wednesday, 30 December 20
A LOOK BACK INTO 2020: THE HEADWINDS, THE TAILWINDS AND EVERYTHING IN BETWEEN - SIGNAL
There is no doubt that 2020 has been a turbulent year for commercial shipping. The coronavirus pandemic has shaken the global maritime transport. T ...
Tuesday, 29 December 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.66 PCT - XINHUA
China Taiyuan coal transaction price index stood at 134.78 points Monday, up 0.66 percent week on week.
The index, released by China ...
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- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Parliament of New Zealand
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
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