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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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Wednesday, 08 September 21
MARKET INSIGHT - INTERMODAL
Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness. The dry bulk index exceeded the 4,0 ...
Wednesday, 01 September 21
KOMIPO TO BUY 1.56 MILLION TONS OF 5600 NAR COAL OF AUSTRALIA OR SOUTH AFRICAN ORIGIN FOR 2022 - 2024
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Wednesday, 01 September 21
MARKET INSIGHT - INTERMODAL
As the summer season is coming to an end, the dry bulk market continues to rally. The confidence that the outstanding freight market performance ha ...
Monday, 30 August 21
68% OF U.S. COAL FLEET RETIREMENTS SINCE 2011 WERE PLANTS FUELED BY BITUMINOUS COAL - EIA
In 2011, the United States had 317.6 gigawatts (GW) of coal-fired electric generation capacity. About 88.7 GW of that capacity was retired in the d ...
Friday, 27 August 21
ALL YOU NEED TO KNOW ABOUT COAL'S MASSIVE RALLY AND NEAR-TERM OUTLOOK - CNBCTV18
Australia’s thermal coal at Newcastle Port, the benchmark for the vast Asian market, has surged over 100 percent this year to trade above $16 ...
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- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- PTC India Limited - India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
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- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Economic Council, Georgia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
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