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

Thursday, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...


Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies   The Department of Energy’s call for a moratorium on ...


Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms   Foreign investors will face higher-than-usual risks ...


Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...


Monday, 02 November 20
PHILIPPINES GOVERNMENT SAYS NO TO NEW COAL PLANT PROPOSALS - IEEFA | 24 PILIPINAS
The Duterte administration will no longer accept proposals to construct new coal power plants, a dramatic shift in energy policy that counts on dec ...


   61 62 63 64 65   
Showing 311 to 315 news of total 6439
News by Category
Popular News
 
Total Members : 27,602
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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