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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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- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Planning Commission, India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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