COALspot.com keeps you connected across the coal world
  • NOVEMBER 2021 HBA FOR EXPORTS INCREASED BY $33.03% MOM, $85.79 YTM AND $183.50% YOY
  • NOVEMBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$215.01 A TON

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

Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...


Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...


Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...


Tuesday, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...


Tuesday, 16 November 21
CHINA'S MONTHLY COAL OUTPUT RISES TO HIGHEST SINCE MARCH 2015 - REUTERS
China’s October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame reco ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6477
News by Category
Popular News
 
Total Members : 27,652
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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