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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, 21 December 20
COAL'S PARTIAL RECOVERY IS SET TO FADE AFTER 2021 - IEA
Global coal consumption is estimated to have fallen by 7%, or over 500 million tonnes, between 2018 in 2020. A decline of this size over a two-year ...
Monday, 21 December 20
A REBOUND IN GLOBAL COAL DEMAND IN 2021 IS SET TO BE SHORT-LIVED, BUT NO IMMEDIATE DECLINE IN SIGHT - IEA
After a major drop in recent years, global coal demand is forecast to rise by 2.6% in 2021 before flattening out to 2025
A global ec ...
Friday, 18 December 20
AUSTRALIA PM WARNS OF ‘LOSE-LOSE’ IN ANY CHINA COAL SHIFT - REUTERS
Australian Prime Minister Scott Morrison said any shift by China away from importing high quality Australian coal would be a “lose-lose&rdquo ...
Friday, 18 December 20
BIG OIL AND COAL EXPORTERS FACE RECKONING AS PARIS AGREEMENT TURNS FIVE - CNA
On Dec 12, more than 70 global leaders came together at the UN’s Climate Ambition Summit, marking the fifth anniversary of the Paris Agreemen ...
Friday, 18 December 20
SOUTH AFRICAN COAL EXPORTERS LARGELY DEPENDENT ON THE ASIAN MARKETS - BANCHERO COSTA
South Africa is the fourth largest exporter of coal in the world, after Australia, Indonesia and Russia. In calendar 2019 the country exported a to ...
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- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- The University of Queensland
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
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