COALspot.com keeps you connected across the coal world
  • SEPTEMBER 2021 HBA FOR EXPORTS INCREASED BY $19.04 MOM, $74.19 YTM AND $100.61 YOY
  • SEPTEMBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 150.03 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

Thursday, 03 September 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Wednesday, 02 September 20
COAL PRODUCTION FALLS 7% IN APR-AUG; OFF TAKE DIPS 13.4% - FINANCIAL EXPRESS
In the month of August coal off take also increased 9.3% y-o-y to 44.34 MT as compared with 40.57 MT in the same period last year.   C ...


Wednesday, 02 September 20
MARKET INSIGHT - INTERMODAL
The imminent global shift towards eco-friendliness has caused divide among the shipping community because there is no outlined, clear-cut way via w ...


Wednesday, 02 September 20
INDONESIA COAL PRICE REFERENCE DIVES FURTHER IN SEPTEMBER DUE TO SUBDUED DEMAND & GLOBAL OVERSUPPLY
Subdued demand & global oversupply pushed down this month's HBA   COALspot.com: The Indonesia Coal Price Reference ...


Tuesday, 01 September 20
WHY INDIA CAN'T MATCH THE GULF REGION'S RECORD-LOW SOLAR TARIFFS - IEEFA
5-10% annual decline in tariffs estimated for the next decade A number of countries in the Gulf region have set record-low prices for solar in ...


   63 64 65 66 67   
Showing 321 to 325 news of total 6392
News by Category
Popular News
 
Total Members : 27,565
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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