COALspot.com keeps you connected across the coal world
  • OCTOBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 161.63 A TON
  • OCTOBER 2021 HBA FOR EXPORTS INCREASED BY $11.60 MOM, $85.79 YTM AND $110.63 YOY

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
Tuesday, 13 July 21
JAPAN STILL SEEKING TO EXPLOIT COAL POWER LOOPHOLES - IEEFA
IEEFAJBIC wants to continue burdening developing nations with its expensive coal-fired power technology

Japan is continuing to push its expensive coal-fired power technology on developing nations if such projects feature carbon capture and storage (CCS) or if a proportion of ammonia or biomass is co-fired with the coal.
 
The Japan Bank for International Cooperation’s (JBIC) announcement comes only a few months after it was reported that the state-owned lender would cease overseas coal power financing.
 
Despite investment over many decades, CCS for coal-fired power still cannot pass a market test whilst ammonia co-firing rates are low and will remain so for years, meaning coal will remain the predominant fuel in any new plants.
 
This new announcement goes a long way to explaining why the word “unabated” featured so noticeably in the recent G7 communique with regard to coal:
 
“…recognising that continued global investment in unabated coal power generation is incompatible with keeping 1.5°C within reach we stress that international investments in unabated coal must stop now and we commit now to an end to new direct government support for unabated international thermal coal power generation by the end of 2021.”
 
Presumably, Japan’s Ministry of Economy, Trade and Industry (METI) was keen to see this loophole added to the communique to enable Japan to keep selling its coal power technology to developing nations.
 
JBIC, and to a lesser extent the Japan International Cooperation Agency (JICA), have been key enablers of coal-fired power development in developing Asia. Such projects are sold to nations like Bangladesh, Vietnam, and Indonesia, often based on overly optimistic power demand growth projections.
 
When demand growth proves to be lower than forecast and the coal plants stand idle, JBIC and JICA are still shielded from risk by the inclusion of capacity payments in the coal plants’ power purchase agreements. The coal power stations receive these payments even if they produce nothing and the financial risk is pushed onto state-owned power utilities and consumers.
 
Bangladesh offers a cautionary study. Overcapacity has been rising as power demand growth failed to live up to forecasts. The nation’s thermal power fleet has an overall utilisation rate of just 40%. Meanwhile, capacity payments to under-utilised plants have already reached US$1 billion per annum.
 
Such capacity payments are a major burden on developing nations. They increase the average cost of power generation with the likely result that consumer power tariffs will need to rise – a poor development outcome.
 
With numerous coal power plants under construction in Bangladesh – including one financed by JICA and being built by Sumitomo Corporation – overcapacity can be expected to get even worse.
 
Japan has also been actively providing coal power finance in Indonesia which is also faced with a growing overcapacity problem and steeply rising and unsustainable capacity payments.
 
A shift away from providing further overseas coal finance – as South Korea has announced – could have helped to avoid further burdensome overcapacity. JBIC will instead continue to push coal plants on to nations that don’t need them, worsening the growing financial crises within their power systems.
 
Although the pipeline of coal power projects around Asia has been shrinking significantly, Japan may now offer new projects with CCS or biomass/ammonia co-firing, or attempt to sell CCS technology to extend the lives of existing plants.
 
Ammonia co-firing: Decarbonisation or cover for Japan’s coal power plant exports?
 
Japan is also seeking a significant role for ammonia co-firing in its domestic coal power plants as it seeks a path towards its 2050 net zero emissions target.
 
Originally aiming for a 20% ammonia co-firing rate at the nation’s coal-fired power plants by 2030 with the aim of expanding beyond 50% thereafter, the government has now brought forward its target and wants to see a demonstration of 50% co-firing by 2030.
 
Japan’s biggest power generator JERA is currently testing ammonia co-firing at its 1,000 megawatt (MW) Hekinan coal-fired power plant with the intention to reach 20% ammonia co-firing by 2024.
 
Japan’s early focus on green hydrogen produced via renewables seems to have been diluted to include blue hydrogen produced from coal and gas with carbon supposedly captured. Japan’s Green Ammonia Consortium has recently rebranded to become the Clean Fuel Ammonia Association, reflecting this change in focus.
 
Growing Japanese development of technologies like offshore wind will not be enough for the country to reach its net zero target. Zero-carbon ammonia co-firing may have a role in reducing emissions from Japan’s existing coal power plants over their remaining operating lives. There are no new coal-fired power proposals remaining in Japan following the cancellation of the last project in April 2021.
 
However, using ammonia as cover for further “abated” coal power developments overseas will mean more coal consumption and further economic burden from this expensive power source in nations that can’t afford it.
 
JBIC and the Japanese government do not appear to be serious about addressing climate concerns or the financial burden of coal power in developing nations and remain focused on further hindering them with Japanese coal power technology that they don’t need, will increase their cost of power generation and lead to higher power tariffs for consumers.
- Simon Nicholas -
 
Simon Nicholas is an energy finance analyst with IEEFA.
 
This article appeared in the Asia Times


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

Recent News

Wednesday, 20 October 21
CHINA'S COAL SHORTAGE TO EASE IN COMING MONTHS, INDUSTRY BODY SAYS - REUTERS
China’s coal shortage will likely ease in coming months, with domestic production and imports already showing signs of picking up, a coal ind ...


Wednesday, 20 October 21
CHINA'S RAW COAL OUTPUT DROPS IN SEPTEMBER - XINHUA
China’s raw coal output dropped 0.9 percent year on year to 330 million tonnes last month, data from the National Bureau of Statistics (NBS) ...


Wednesday, 20 October 21
OVER-RELIANCE ON COAL IN OUR POWER MIX HURTING INDIA - LIVEMINT
In spite of the renewables push, coal still accounts for about 50% of India’s installed power capacity. That means a simultaneous demand and ...


Wednesday, 20 October 21
CHINA COAL HITS RECORD HIGH AMID TIGHT SUPPLIES - REUTERS
China coal prices hit a record high on Tuesday buoyed by a widening power crunch and cold weather despite Beijing’s efforts to bolster supply ...


Wednesday, 20 October 21
MARKET INSIGHT - INTERMODAL
IMO 2020, Ballast Water Treatment regulations, Green Recycling, GHG emissions, EEXI, CII, ETS, Fit for 55, Carbon price/levy, the Poseidon Principl ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6427
News by Category
Popular News
 
Total Members : 27,597
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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