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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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Friday, 20 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 19 November 20
MARKET INSIGHT - INTERMODAL
As we are moving towards the end of the year, the overall deal landscape of the dry bulk sector corresponding to the second half of 2020 (up to dat ...
Tuesday, 17 November 20
COAL SQUEEZE INTENSIFIES - BALTIC EXCHANGE
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff s ...
Tuesday, 17 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.
The index, released by China ...
Tuesday, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...
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- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Parliament of New Zealand
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- The University of Queensland
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
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