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Friday, 09 July 21
CAN WE EXPECT AFFORDABLE POWER SUPPLY BY REPLACING COAL BASED POWER WITH LNG? - FINANCIAL EXPRESS
Bangladesh government’s recent decision to cancel the contracts for 10 coal fired power plants in late June 2021 has invited interest in the country and abroad. On June 27, 2021, State Minister for Power, Energy and Mineral Resources Mr. Nasrul Hamid, MP confirmed that the government decided to cancel permissions for construction of the Patuakhali 1,320 MW, 1,200 MW North Bengal Super Thermal Power Plant, Magura 520 MW Coal Power Plant, Dhaka 282 MW Coal Power Plant, Chattogram 282 MW coal power plant, Khulna 565 MW coal power plant, 2 x1,320 MW coal power plant at Maheshkhali, Bangladesh Singapore 700 MW coal power plant, CPGCBL-Sumitomo 1,200 MW coal power plant. It may be mentioned that the ongoing major coal power plants under operation and the power plants under construction (including Matarbari 1,200 x 2=2,400 MW, Rampal 1,320 MW and Payra 1320 x2=2,620 MW and 1,320 MW, Bashkhali (Chattogram) 1,224 MW power plants and Barishal 307 MW) have been progressing their works. The present government approved earlier 18 coal fired power plants to be built in the country. The cancelled ten power plants are part of the said 18 coal power plants.
The Power Division officials indicate that the cancelled 10 coal power plants could not make any physical progress for their implementation despite the fact that their contracts were signed several year ago. Moreover, proponents of these cancelled power plant projects could not secure investments in the pipelines to advance their projects. Therefore, the government considered the projects unreal and unnecessary to keep them in the lists of upcoming power plants. The State Minister for Power, Energy and Mineral Resources of Bangladesh further stated that the government would consider converting part of the cancelled power plant projects to run with imported LNG fuel. However, Power Division officials indicate that the necessity for converting some of the cancelled power plants into LNG fuel power plants can be considered only after careful assessment of additional power generation capacity requirements in the country. Bangladesh already has grid connected power generation capacity of 22,023 MW. The projected maximum demand for power in 2025 (as per BPDB) would be 19,900 MW. BPDB expects that in 2025 there will be an installed net power generation capacity of 35,635 MW. And the cancellation of 10 coal power plant has no role in the projected generation capacity in 2025.
Coal remains as comparatively cheaper fuel for electricity generation worldwide. Bangladesh has opted not to extract its own coal available in the northern districts but decided to use imported coal for power generation. The coal power plants have been facing difficulties to import coal for power generation at a ‘cheaper’ price due to logistic constraints. The impediment is linked with the absence of deep sea port and large coal import vessel movement restrictions due to shallow depth of the existing port channels. As a result, small ships are to be used for coal import in the country (involving multiple transshipments and high handling costs), imported coal becomes costly. If the coal power plant location is away from the ports, coal import cost for the plant becomes costlier.
Also, the environmental restrictions compel coal fired power plant to use advanced and costlier technology to capture coal dust and Sulphur emission from the plant. Thus, the import based coal fired power plants in Bangladesh are not very cheap compared to many other countries. However, experience of Payra coal fired power plant (2×660 MW) still encourages the local power producers to maintain a healthy share of coal power plant for ensuring cheaper power generation and for fuel diversity.
The ongoing revision of integrated Energy and Power System Master Plan for the country may take two more years to complete. The analysis of primary fuel availability and cost for power generation and realistic projection for power sector growth requirements will influence the decision if increase of LNG share for power generation is justified.
There are infrastructural capacity constraints for LNG import as well. At present, the existing 2 Floating Storage and Regasification Units (FSRU) at Maheshkhali with installed capacity of 1,000 mmcfd (million cubic feet ) equivalent natural gas can no longer support additional import pressures for more LNG. The government has been progressing the installation of 2 more land based LNG Regasification plants (one at Payra, Patuakhali and the other at Maheshkhali, Cox’s Bazar) with 1,000 mmcfd capacity each. Installation of the land based LNG regasification plants is not cheap and their installation will take minimum 3-4 years. In addition, existing gas transmission pipelines have their capacity limitations. Therefore, more LNG regasification plants will invite additional gas transmission pipelines to be build.
The domestic gas production has been declining steadily as no new gas field is added to the gas supply system. These is a long list of industries and development projects requiring natural gas supply. However, the growing gas demands and declining productions of domestic gas fields will push for more gas and electricity supply. Already a number of gas-based power plants remain idle in the country due to gas supply shortages. So, the demand side pressure for natural gas supply as primary fuel for industries and for power generation need to be assessed carefully considering the huge cost of LNG import and its impacts on power generation costs. Significant cost escalation for power generation may invite conflicts with consumers’ affordability and business competiveness of the country.
The potential growth of renewable energy-based power plants and their limitations, potential capacity enhancement for nuclear power and its cost have to be assessed prior to enhancing LNG import. A balanced energy mix is healthy and may allow better energy security. On the other hand, the trend for continuous (for last 11 years per unit power price has increased on average about 90 per cent) energy and power cost escalation challenges the consumers’ demand for affordable energy supply. Therefore, share of coal power plant and LNG based power generation capacity have to be defined carefully keeping in mind the government’s commitment for affordable and sustainable energy and power supply to the consumers.
Source: Financial Express
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Thursday, 08 July 21
STRONGEST HALF YEAR FOR SHIPPING MARKETS SINCE 2008 - CLARKSONS
A year on from peak trade disruption, we update our half year report for the shipping industry profiling a strong recovery and some exceptional ind ...
Tuesday, 06 July 21
INDONESIA COAL PRICE REFERENCE RISES TO 112 MONTHS HIGH IN JULY 2021; 121.15% HIGHER COMPARED TO THAT IN JULY 2020 PRICE
COALspot.com: The Indonesia coal price reference for July 2021 fixed at US$ 115.35 per ton FOB vessel.
The Indonesia coal price referenc ...
Tuesday, 06 July 21
INDONESIAN COAL EXPORTS FELL BY 37% YOY IN 1Q21 DUE TO ADVERSE WEATHER CONDITIONS - FITCH RATINGS
Chinese coal imports declined by 25% yoy in 5M21as a result of both restrictions on Australian coal and the high base in 2020. Import volume in Jan ...
Tuesday, 06 July 21
INDONESIAN 4,200 INDEX HAS ALSO INCREASED TO OVER USD50 PER TONNE SINCE MAY THIS YEAR REFLECTING STRONG CHINESE IMPORT DEMAND - FITCH RATINGS
Price Surge Since March
APAC thermal coal has resumed its price surge since March this year. The benchmark Newcastle 6,000kcal/kg grade c ...
Thursday, 01 July 21
WHY INDIA’S SOLAR POWER TARIFFS ARE CLIMBING AFTER HITTING RECORD LOWS LAST YEAR - IEEFA
What’s behind the recent increase?
Solar tariffs are deflationary. Prices have fallen by 75% in seven years in India, and in 2 ...
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- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
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