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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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Wednesday, 13 October 21
MARKET INSIGHT - INTERMODAL
Following up on our insight on May 2021, where we discussed about the Capesize market outlook for the second half of the year, we are pleased to se ...
Wednesday, 13 October 21
FBX INDEX: THE IMPOSSIBILITY OF SHORT-TERM FORECASTING - LARS JENSEN
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start droppin ...
Wednesday, 13 October 21
CHINA FLOODS: COAL PRICE HITS FRESH HIGH AS MINES SHUT - BBC
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by ...
Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty ...
Tuesday, 12 October 21
INDONESIA'S COAL-BASED POWER PLANTS ARE SUBJECT TO CARBON TAX NEXT YEAR, ELECTRICITY COSTS COULD RISE! - CNBC
The Indonesian government is planning plans to implement a carbon tax of IDR 30 per kilogram (kg) of carbon dioxide equivalent (CO2e) or equivalent ...
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- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- MS Steel International - UAE
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- The University of Queensland
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
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