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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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Thursday, 17 December 20
CHINA'S BAN IS LESS OF A THREAT TO AUSTRALIA'S COAL INDUSTRY THAN INTERNATIONAL CLIMATE AMBITION - IEEFA
Australian coal exporters will survive this near-term political fight but there are longterm structural headwinds
The decision by Ch ...
Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...
Wednesday, 16 December 20
INDONESIA 2020 COAL CONSUMPTION ESTIMATED AT 140-145 MLN TONNES - OFFICIAL, REUTERS REPORTED
Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, t ...
Wednesday, 16 December 20
RUSSIA REVISES DOWN EXPORT EXPECTATION - FITCH
The Ministry of Economy of Russia, the world’s third largest thermal coal exporting country, released its annual forecasts ...
Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
Fitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes (mt) i ...
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- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- PTC India Limited - India
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
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