Eid Mubarak
  • MAY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 89.74 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 14 April 21
BANGLADESH NEEDS A RENEWABLES FOCUS, NOT A SWITCH FROM 'COAL TO GAS' - IEEFA
IEEFARenewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations
 
The emerging markets of Bangladesh and Vietnam are alluring for foreign energy companies looking to make money in the region. But these nations stand to lose both economically and environmentally through a pivot from coal to gas. Such a switch risks hindering investment into renewable energy and derailing climate progress across the continent.
 
In Bangladesh, the U.S. gas turbine company, GE, has been negotiating to sell more of its gas technology, potentially paving the way for more U.S. LNG exports to the country. Meanwhile, the Japan International Cooperation Agency (JICA) signed an agreement earlier this month to help develop the country’s new power plan.
 
Japan’s JICA has stated that it wants to promote a “transformation to a low or zero carbon energy system” in Bangladesh. But given LNG’s full lifecycle greenhouse emissions are comparable to that of coal, promoting the expansion of imported gas on environmental grounds is simply false. From a financial risk perspective, the pursuit of LNG is just as contentious.
 
For greater grid stability and cheaper costs, Bangladesh’s power plan needs a renewables focus
 
Through a revision of its Power System Master Plan, Bangladesh has the opportunity to address system-wide electricity inefficiencies. The country is gearing up to cancel nine coal projects, but reports indicate that these will be replaced with LNG-fired power plants instead. Such a move would be a drastic oversight and threatens to worsen the country’s growing overcapacity issue.
 
At the moment, the government is contractually obligated to make payments to power plants even though many of them are lying idle much of the time. This poor planning pushes up the average cost of electricity for consumers. This risks the financial sustainability of the sector as demonstrated in Pakistan where capacity payments are on course to reach US$10 billion/year by 2023.
 
Volatile price spikes to LNG are already an unsustainable cost burden to Bangladesh, but if the country becomes even more LNG-dependent, these costs could soon become unmanageable. Japan, one of the world’s biggest gas importers, saw its electricity prices surge to record levels in January 2021 because of a global gas shortage. Bangladesh’s fossil fuel subsidies have increased substantially to avoid significant electricity price rises that could hold back economic development, but this is unsustainable for government finances in the mid to long term.
 
Unlike gas, renewable energy is much better suited to Bangladesh’s financial, demand, and climate needs. Renewables generation can be added in a piecemeal manner, expanding the grid sustainably while protecting the country against foreign price volatility. It is also the only energy source that is truly low carbon and climate ambitious.
 
In the wake of Bangladesh’s new Five Year Plan, the government’s draft National Solar Energy Roadmap (SREDA) recommends a new solar target to address slow progress in developing renewable energy – up to 30,000 megawatts (MW) by 2041.
 
SREDA sees 40% of its renewables target coming from rooftop solar: 5,000MW could be installed on garment, textiles and other industrial building rooftops. Similarly, it has been calculated that 2,000MW could be installed on government buildings.
 
Capacities of this scale look entirely achievable given Vietnam added an astonishing 9,000MW of rooftop solar in 2020. However, this target risks being crowded out by an increased focus on LNG-fired power investment, and it is vital that the government prioritises its long-term needs for cheap, reliable, and truly clean energy through pursuing renewables.
 
LNG displacing solar in Vietnam’s new power plan
 
Like Bangladesh, Vietnam has been scaling back focus on coal-fired power. While many conventional fossil fuels projects in Vietnam have failed to progress, solar power developers over-delivered by five times, and they have done so in a fraction of the time.
 
Despite this, Vietnam’s latest draft long term power plan sees a total of 18GW of LNG-fired power planned by 2030 while solar additions are capped at just 2GW. This is an illogical decision given the country’s excellent solar track record and one which will cost the country both cash and climate ambition.
 
Like Bangladesh, increased investment towards grid and battery storage investment in Vietnam would enable solar and wind development progress rather than a curtailment. These technologies are expected to see sharply declining costs over the coming decade.
 
Developing Asian nations do not need growing fossil fuel subsidies dialling up stress on government finances and higher power prices that impact consumers and businesses. Both the U.S. and JICA should be aware that a switch from one fossil fuel to another that is exposed to even greater fuel price risk, does nothing to improve the sustainability of a power system already exposed to large financial losses.
 
Foreign governments need to be conscious of the needs of these nations, which are poorly suited to the proliferation of LNG imports, but ideal candidates for renewable energy development.
 
Simon Nicholas is an Energy Finance Analyst with IEEFA. 
 
This article first appeared in New Age.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 12 May 21
U.S. COAL PRODUCTION TO INCREASE BY 43 MMST IN 2021 TOTAL 582 MILLION SHORT TONS - EIA
U.S. energy Information Administration expects U.S. coal production to total 582 million short tons (MMst) in 2021, 43 MMst (8%) more than in 2020. ...


Wednesday, 12 May 21
MARKET INSIGHT - INTERMODAL
Tanker S&P is finally back! For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sect ...


Monday, 10 May 21
PAKISTAN: COAL GASIFICATION AND LIQUEFACTION HARMFUL TO ECONOMY - IEEFA
There is no second life for coal Pakistan’s intention to use coal for power production through gasification and liquefaction technologie ...


Sunday, 09 May 21
HERE'S WHY INVESTORS ARE POURING MONEY INTO COAL, DESPITE ITS BLEAK FUTURE - FORBES
Coal stocks have surged this year – along with the wider energy sector – but experts warn these are likely short-term gains for an indu ...


Sunday, 09 May 21
MAYBANK TO STOP COAL FINANCING - BERNAMA
Malayan Banking Bhd (Maybank) will stop financing new coal activities as part of its sustainable agenda.   Currently, coal financing m ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6289
News by Category
Popular News
 
Total Members : 27,417
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • JPower - Japan
  • Rio Tinto Coal - Australia
  • Banpu Public Company Limited - Thailand
  • Gupta Coal India Ltd
  • Jaiprakash Power Ventures ltd
  • Freeport Indonesia
  • Indogreen Group - Indonesia
  • Platts
  • KOWEPO - South Korea
  • India Bulls Power Limited - India
  • IMC Shipping - Singapore
  • Sarangani Energy Corporation, Philippines
  • Cemex - Philippines
  • European Bulk Services B.V. - Netherlands
  • Directorate General of MIneral and Coal - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Jatenergy - Australia
  • Maybank - Singapore
  • Economic Council, Georgia
  • Thermax Limited - India
  • Carbofer General Trading SA - India
  • Bank of America
  • Argus Media - Singapore
  • Ernst & Young Pvt. Ltd.
  • Vedanta Resources Plc - India
  • San Jose City I Power Corp, Philippines
  • Total Coal South Africa
  • GHCL Limited - India
  • Coaltrans Conferences
  • Maheswari Brothers Coal Limited - India
  • Platou - Singapore
  • Sojitz Corporation - Japan
  • Mechel - Russia
  • World Coal - UK
  • Coal India Limited
  • Global Business Power Corporation, Philippines
  • JPMorgan - India
  • Cardiff University - UK
  • Parliament of New Zealand
  • Glencore India Pvt. Ltd
  • Eastern Energy - Thailand
  • IHS Mccloskey Coal Group - USA
  • NALCO India
  • PNOC Exploration Corporation - Philippines
  • Arch Coal - USA
  • Grasim Industreis Ltd - India
  • Sical Logistics Limited - India
  • Formosa Plastics Group - Taiwan
  • ICICI Bank Limited - India
  • CIMB Investment Bank - Malaysia
  • CESC Limited - India
  • Renaissance Capital - South Africa
  • Shree Cement - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Kideco Jaya Agung - Indonesia
  • TANGEDCO India
  • McKinsey & Co - India
  • ANZ Bank - Australia
  • Power Finance Corporation Ltd., India
  • Borneo Indobara - Indonesia
  • Kobe Steel Ltd - Japan
  • TeaM Sual Corporation - Philippines
  • Indika Energy - Indonesia
  • McConnell Dowell - Australia
  • Orica Mining Services - Indonesia
  • Vizag Seaport Private Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • BNP Paribas - Singapore
  • Rashtriya Ispat Nigam Limited - India
  • Credit Suisse - India
  • Baramulti Group, Indonesia
  • ING Bank NV - Singapore
  • Ministry of Transport, Egypt
  • EMO - The Netherlands
  • Lafarge - France
  • Videocon Industries ltd - India
  • Parry Sugars Refinery, India
  • Standard Chartered Bank - UAE
  • Coastal Gujarat Power Limited - India
  • PTC India Limited - India
  • Kartika Selabumi Mining - Indonesia
  • GNFC Limited - India
  • Coal and Oil Company - UAE
  • SUEK AG - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Chettinad Cement Corporation Ltd - India
  • Posco Energy - South Korea
  • Mercuria Energy - Indonesia
  • Mitra SK Pvt Ltd - India
  • Siam City Cement PLC, Thailand
  • Thai Mozambique Logistica
  • Sree Jayajothi Cements Limited - India
  • Salva Resources Pvt Ltd - India
  • Krishnapatnam Port Company Ltd. - India
  • Aboitiz Power Corporation - Philippines
  • Petron Corporation, Philippines
  • Central Electricity Authority - India
  • Indian Oil Corporation Limited
  • BRS Brokers - Singapore
  • Oldendorff Carriers - Singapore
  • The State Trading Corporation of India Ltd
  • SRK Consulting
  • Indonesian Coal Mining Association
  • Mjunction Services Limited - India
  • Peabody Energy - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • Lanco Infratech Ltd - India
  • Ince & co LLP
  • Indian Energy Exchange, India
  • Maruti Cements - India
  • Semirara Mining Corp, Philippines
  • Maersk Broker
  • Georgia Ports Authority, United States
  • J M Baxi & Co - India
  • SASOL - South Africa
  • Leighton Contractors Pty Ltd - Australia
  • Merrill Lynch Bank
  • Indo Tambangraya Megah - Indonesia
  • Uttam Galva Steels Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • Makarim & Taira - Indonesia
  • Russian Coal LLC
  • Medco Energi Mining Internasional
  • Port Waratah Coal Services - Australia
  • KPMG - USA
  • Indonesia Power. PT
  • Inspectorate - India
  • Africa Commodities Group - South Africa
  • PowerSource Philippines DevCo
  • Australian Coal Association
  • SMG Consultants - Indonesia
  • Core Mineral Indonesia
  • Directorate Of Revenue Intelligence - India
  • Barclays Capital - USA
  • GMR Energy Limited - India
  • Altura Mining Limited, Indonesia
  • Savvy Resources Ltd - HongKong
  • Bukit Makmur.PT - Indonesia
  • Asian Development Bank
  • The Treasury - Australian Government
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Shenhua Group - China
  • Coal Orbis AG
  • Humpuss - Indonesia
  • PLN Batubara - Indonesia
  • Adaro Indonesia
  • Arutmin Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Clarksons - UK
  • PLN - Indonesia
  • Cargill India Pvt Ltd
  • Energy Link Ltd, New Zealand
  • Bhatia International Limited - India
  • Inco-Indonesia
  • Metalloyd Limited - United Kingdom
  • White Energy Company Limited
  • Britmindo - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Bayan Resources Tbk. - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Interocean Group of Companies - India
  • Adani Power Ltd - India
  • Price Waterhouse Coopers - Russia
  • Wood Mackenzie - Singapore
  • HSBC - Hong Kong
  • UBS Singapore
  • Marubeni Corporation - India
  • Ind-Barath Power Infra Limited - India
  • TGV SRAAC LIMITED, India
  • Panama Canal Authority
  • Kaltim Prima Coal - Indonesia
  • Meralco Power Generation, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Barasentosa Lestari - Indonesia
  • Riau Bara Harum - Indonesia
  • Latin American Coal - Colombia
  • DBS Bank - Singapore
  • Anglo American - United Kingdom
  • Toyota Tsusho Corporation, Japan
  • Antam Resourcindo - Indonesia
  • Madhucon Powers Ltd - India
  • Rudhra Energy - India
  • Pendopo Energi Batubara - Indonesia
  • The University of Queensland
  • Billiton Holdings Pty Ltd - Australia
  • Heidelberg Cement - Germany
  • Miang Besar Coal Terminal - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • Singapore Mercantile Exchange
  • RBS Sempra - UK
  • Global Green Power PLC Corporation, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Tata Power - India
  • Runge Indonesia
  • Trasteel International SA, Italy
  • bp singapore
  • Asia Cement - Taiwan
  • Surastha Cement
  • Eastern Coal Council - USA
  • Bangkok Bank PCL
  • International Coal Ventures Pvt Ltd - India
  • UOB Asia (HK) Ltd
  • Orica Australia Pty. Ltd.
  • Timah Investasi Mineral - Indoneisa
  • GAC Shipping (India) Pvt Ltd
  • Malabar Cements Ltd - India
  • Electricity Authority, New Zealand
  • Bulk Trading Sa - Switzerland
  • Attock Cement Pakistan Limited
  • LBH Netherlands Bv - Netherlands
  • Global Coal Blending Company Limited - Australia
  • Cosco
  • Infraline Energy - India
  • Therma Luzon, Inc, Philippines
  • SGS (Thailand) Limited
  • Cebu Energy, Philippines
  • Essar Steel Hazira Ltd - India
  • Independent Power Producers Association of India
  • The India Cements Ltd
  • Semirara Mining and Power Corporation, Philippines
  • Xindia Steels Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Cement Manufacturers Association - India
  • Ministry of Finance - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Merrill Lynch Commodities Europe
  • NTPC Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Romanian Commodities Exchange
  • TRAFIGURA, South Korea
  • Coeclerici Indonesia
  • IBC Asia (S) Pte Ltd
  • Vitol - Bahrain
  • Deloitte Consulting - India
  • Kumho Petrochemical, South Korea
  • Indian School of Mines
  • Commonwealth Bank - Australia
  • Samtan Co., Ltd - South Korea
  • Gujarat Sidhee Cement - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Ambuja Cements Ltd - India
  • Samsung - South Korea
  • Jorong Barutama Greston.PT - Indonesia
  • CNBM International Corporation - China
  • Thomson Reuters GRC
  • Idemitsu - Japan
  • Minerals Council of Australia
  • Ceylon Electricity Board - Sri Lanka
  • Iligan Light & Power Inc, Philippines
  • Indorama - Singapore
  • Intertek Mineral Services - Indonesia
  • Tamil Nadu electricity Board
  • Aditya Birla Group - India
  • Kohat Cement Company Ltd. - Pakistan
  • Australian Commodity Traders Exchange
  • Tata Chemicals Ltd - India
  • Enel Italy
  • EIA - United States
  • MS Steel International - UAE
  • Geoservices-GeoAssay Lab
  • globalCOAL - UK
  • Coalindo Energy - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • APGENCO India
  • Reliance Power - India
  • South Luzon Thermal Energy Corporation
  • SMC Global Power, Philippines
  • Agrawal Coal Company - India
  • Cigading International Bulk Terminal - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Mitsubishi Corporation
  • Bharathi Cement Corporation - India
  • Mintek Dendrill Indonesia
  • ASAPP Information Group - India
  • Sucofindo - Indonesia
  • Permata Bank - Indonesia
  • Petrosea - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • TNPL - India
  • Bangladesh Power Developement Board
  • Gresik Semen - Indonesia
  • New Zealand Coal & Carbon
  • ACC Limited - India
  • CoalTek, United States
  • Maharashtra Electricity Regulatory Commission - India
  • Chamber of Mines of South Africa
  • Vale Mozambique
  • Noble Europe Ltd - UK
  • Bank of China, Malaysia
  • Manunggal Multi Energi - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Ministry of Mines - Canada
  • Berau Coal - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Qatrana Cement - Jordan
  • Sakthi Sugars Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Kepco SPC Power Corporation, Philippines
  • Central Java Power - Indonesia
  • Electricity Generating Authority of Thailand
  • OCBC - Singapore
  • Bhoruka Overseas - Indonesia
  • Tanito Harum - Indonesia
  • PetroVietnam
  • Mercator Lines Limited - India
  • U S Energy Resources
  • London Commodity Brokers - England
  • Moodys - Singapore
  • KEPCO - South Korea
  • Pinang Coal Indonesia
  • Edison Trading Spa - Italy
  • KPCL - India
  • Kobexindo Tractors - Indoneisa
  • Fearnleys - India
  • Thailand Anthracite
  • OPG Power Generation Pvt Ltd - India
  • Thiess Contractors Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • IOL Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Larsen & Toubro Limited - India
  • Wilmar Investment Holdings
  • Sindya Power Generating Company Private Ltd
  • Thriveni
  • IEA Clean Coal Centre - UK
  • Jindal Steel & Power Ltd - India
  • Star Paper Mills Limited - India
  • Deutsche Bank - India
  • Malco - India
  • Xstrata Coal
  • World Bank
  • Siam City Cement - Thailand
  • GVK Power & Infra Limited - India
  • Energy Development Corp, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Mitsui
  • Dalmia Cement Bharat India
  • ETA - Dubai
  • WorleyParsons
  • CCIC - Indonesia
  • Bhushan Steel Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Simpson Spence & Young - Indonesia
  • Goldman Sachs - Singapore
  • Karaikal Port Pvt Ltd - India
  • VISA Power Limited - India
  • GB Group - China
  • Japan Coal Energy Center
  • Planning Commission, India
  • MEC Coal - Indonesia