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Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
 China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from thermal power in the last heating season, Fitch Ratings says. However, Fitch Ratings further says, we expect renewable energy to continue driving power installation and investment in 2021 as China aims to achieve carbon neutrality by 2060.
Power demand rose by 21.2% yoy to 1,921.9GWh in 1Q21, exceeding 1Q19 by 14.4%, driven by the industrial sector's 15.3% increase and the tertiary sector's 16.5% gain. Tertiary demand was marked by the rapid consumption growth of information and technology services. Demand from the charging and battery swapping industry also surged on faster growth in the new-energy vehicle sector.
Thermal power output increased 21.1% yoy in 1Q21, accounting for 73% of total power supply. This was 7pp higher than the contribution of thermal power to generation in 2020, although the proportion of coal-fired power capacity in China's fuel mix decreased to 48.8% in 1Q21 after dropping to below 50% for the first time by end-2020. This was due to higher output from heating power co-generation thermal units in the heating seasons and lower wind and solar contribution in winter.
Non-fossil fuels led installations and investments, accounting for 55% of new power generation capacity and 90% of generation capex in 1Q21, while 1Q21 capex contribution from thermal power fell to 10.1%, from 10.5% in 2020, under the government's restrictions on thermal power installations given the environmental ramifications.
China is also improving coal-fired power plants' flexibility. Some provinces, such as Shandong, have extended the service life of some large and efficient coal-fired power units, ensuring a stable power supply as renewable energy is usually affected by the intermittent nature of its source.
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Thursday, 25 March 21
'OMNIBUS LAW' REGULATION ON INDONESIA’S ENERGY AND MINING SECTORS TO BOOST COAL PROCESSING BUT ALSO RAISES QUESTIONS - ABNR
February 2021 saw the issuance of a raft of new government regulations to give effect to the reformist Job Creation Law (colloquially known as the ...
Thursday, 25 March 21
PROPOSED SWITCH FROM COAL TO LNG THREATENS RENEWABLE ENERGY DEVELOPMENT IN ASIA - IEEFA
Renewables offer an ever cheaper, financially sustainable and energy secure alternative, better able to support developing nations
A ...
Thursday, 25 March 21
MAJOR INVESTMENT ADVISORS BLACKROCK AND MEKETA PROVIDE A FIDUCIARY PATH THROUGH THE ENERGY TRANSITION - IEEFA
BlackRock and Meketa say divestment from fossil fuels improves, not weakens, investment returns
Two major financial management firms ...
Thursday, 25 March 21
EUROPE PASSES MILESTONE WITH HALF OF COAL PLANTS CLOSED OR SET TO RETIRE BY 2030 - EURACTIV
Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) ...
Wednesday, 24 March 21
MARKET INSIGHT - INTERMODAL
Since the start of the pandemic, the shipping industry has efficiently responded to ensure the continuity of operations and hence the security of s ...
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- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Planning Commission, India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- White Energy Company Limited
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
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