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Friday, 12 November 21
ASIA COAL POWER PIPELINE TO SHRINK BY TWO THIRDS AFTER CHINA FINANCE CUT - REUTERS
Asia’s pipeline of proposed coal-fired power plants is expected to shrink from 65 gigawatts to 22 gigawatts following China’s pledge to put an end to the financing of overseas projects, new research showed on Wednesday.
Excluding China and India’s domestic coal power programmes, there are now just 28 new coal-fired plants being planned across Asia, less than 30% of which have secured finance, the Centre for Research on Energy and Clean Air (CREA) and Global Energy Monitor (GEM) think tanks said in a joint report.
“Once the final bastion of coal power, Asia’s coal power sector has witnessed wave after wave of coal power plant cancellations,” said GEM’s Russell Gray. “China’s pledge to stop financing coal power plants overseas will trigger one more wave.”
The report said nearly all of Bangladesh and Sri Lanka’s planned coal-fired power plants now face cancellation, as well as 65% of Indonesia’s.
However, there are still about 43 GW of projects already under construction throughout Asia, the report estimated.
Chinese President Xi Jinping pledged to end China’s support for new overseas coal power plants during his video address to the United Nations General Assembly in September. The move meant that 99% of global development financing was now committed to the transition to clean energy.
According to the Boston University Global Development Policy Center, if all the China-financed overseas coal plants now under construction or being planned were cancelled, 646 million tonnes of annual CO2 emissions could be avoided, more than the total annual footprint of Canada.
As COP26 climate talks continue in Glasgow, China’s coal industry plans have come under increasing scrutiny.
China, the world’s biggest producer of greenhouse gases, has promised to switch to lower-carbon forms of energy, but it will only start to cut total coal consumption from 2026.
Source: Reuters
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Wednesday, 13 October 21
FBX INDEX: THE IMPOSSIBILITY OF SHORT-TERM FORECASTING - LARS JENSEN
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start droppin ...
Wednesday, 13 October 21
CHINA FLOODS: COAL PRICE HITS FRESH HIGH AS MINES SHUT - BBC
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by ...
Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty ...
Tuesday, 12 October 21
INDONESIA'S COAL-BASED POWER PLANTS ARE SUBJECT TO CARBON TAX NEXT YEAR, ELECTRICITY COSTS COULD RISE! - CNBC
The Indonesian government is planning plans to implement a carbon tax of IDR 30 per kilogram (kg) of carbon dioxide equivalent (CO2e) or equivalent ...
Monday, 11 October 21
COAL ABANDONMENT IN POWER GENERATION PROMOTED GAS DEMAND GROWTH IN EUROPE - TOP MANAGER: TASS
Accelerated abandonment of coal in power generation and the overall recovery of economic activity facilitated gas demand growth in Europe and led t ...
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- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
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