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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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Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...
Wednesday, 16 December 20
INDONESIAN COAL RECOVERING - FITCH
Commenting on Indonesian coal, Fitch Ratings, the Indonesian 4,200 kcal index has begun to recover, improving to over USD 29 in November compared t ...
Tuesday, 15 December 20
NEWCASTLE PRICES RECOVER - FITCH
Prices for the benchmark Newcastle 6,000 kcal/kg grade coal have rebounded to over USD 70/tonne since late November as major Asian economies ease l ...
Tuesday, 15 December 20
APAC COAL PRICES REBOUND ON IMPROVED DEMAND AND SUPPLY CUTS - FITCH RATINGS
Prices for the benchmark Newcastle 6,000kcal/kg grade coal have rebounded to over USD70/tonne since late November as major Asian economies ease loc ...
Tuesday, 15 December 20
CHINA EXTENDS FULL OPEN GESTURE TO IMPORTED COAL EXCEPT FOR AUSTRALIA - GLOBAL TIMES
Domestic, overseas suppliers will take up share with easier clearance
China's top economic planner on Saturday gave approval to ...
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- Thiess Contractors Indonesia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Australian Coal Association
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
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