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Saturday, 16 October 21
VIETNAM'S COAL-FIRED POWER MAY DOUBLE BY 2030 UNDER DRAFT ENERGY PLAN - REUTERS
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime minister for approval this week.
The draft plan guarantees that Vietnam will become more reliant on coal to power its fast growing economy at a time when financiers and insurers are refusing to back new projects because of fuel’s large climate change impact.
Coal-fired power plants will account for up to 31.4% of as much as 143.8 gigawatts (GW) of installed generation capacity planned in 2030, according to a copy of the so-called Power Development Plan 8 (PDP 8) reviewed by Reuters.
That translates to about 41 GW of coal power by the end of the decade, up from 20.7 GW out of 69 GW of capacity from all sources as of 2020, according to the plan.
The Ministry of Industry and Trade which drafted the plan did not respond to multiple emails from Reuters seeking comment on the forecasts.
Vietnam, with a population of 98 million, is seeking to boost its power generation to support the growth of production bases for firms such as South Korea’s Samsung Electronics 005030.KS and LG Electronics Inc 066570.KS.
The PDP 8 assumes Vietnam’s gross domestic product will increase annually by 6.6% between now and 2030 and 5.7% to 2045.
The country will need to invest $115.96 billion in new power plants and power grid expansions to 2030, and up to $227.4 billion to 2045, when installed capacity may be up to 329.6 GW, according to the plan.
Natural gas, including liquefied natural gas, will make up 22.4% of installed capacity by 2030 from 13% at the end of 2020 and then rise to as much as 26.9% by 2045, while coal slips to only as much as 19.4% by then.
By 2030, the proportion of non-hydro renewables will rise to 25.7% of the energy mix by 2030, flat from 24.6% at the end of last year, according to the plan. This would increase to as much as 41.7% by 2045.
Hydropower will fall in the energy mix to only about 20% by 2030 from 30.3% at the end of 2020, the plan showed.
Prime Minister Pham Minh Chinh earlier this week said Vietnam would raise the proportion of renewables in its power mix while pursuing sustainable and efficient use of energy amid the shrinking of its fossil fuel reserves.
“As a developing country that is still facing numerous difficulties, Vietnam is building a harmonious and balanced roadmap for a sustainable energy conversion, adapting to climate change and reducing carbon emission,” Chinh said in a statement.
Source: Reuters
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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 ...
Tuesday, 19 October 21
SPONGE IRON SECTOR MIGHT REPORT NEGATIVE GROWTH DUE TO COAL CRISIS: SIMA - PTI
The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to conti ...
Tuesday, 19 October 21
COAL INDIA, THE FALL GUY FOR POWER CRISIS - INDIA EXPRESS
The post-Covid economic recovery has led to a major increase in the demand for power, both in India and globally. In India, coal-based power plants ...
Saturday, 16 October 21
SOLAR INSTALLATION SURGE PUTS INDIA ON TRACK TO CAP COAL-FIRED POWER AS EARLY AS 2024 - IEEFA
Recent increase in solar power installations could push coal to peak sooner than expected
If India keeps installing solar capacity a ...
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- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- White Energy Company Limited
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
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