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Thursday, 25 November 21
SE ASIA POWER DEMAND TO RISE AS STATE SUPPORT MITIGATES COVID-19 IMPACT - FITCH RATINGS
 Electricity demand in south-east Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has mitigated the impact of the coronavirus pandemic on power consumption, Fitch Ratings says in a new report.
In Vietnam, a resurgence of Covid-19 cases in 2H21 led to re-imposition of restrictions. As a result, Fitch expects Vietnam’s electricity demand to rise by 5% in 2021 (1H21: 8% yoy), slower than the annual average of 9% in the past decade. The government approved tariff subsidies for consumers in 2020, and this continued at lower levels in 2021. We expect Vietnam Electricity's (BB/Positive) ‘bb’ Standalone Credit Profile to have reasonable headroom to absorb the lower electricity demand and delay in tariff increase.
Fitch expects electricity demand in Indonesia to increase by around 5% in 2021 (9M21: 4.4%), after demand fell by 0.8% in 2020 due to the pandemic-led economic slowdown. Fitch expects an electricity-tariff freeze and various Covid-19 relief measures to continue till the end of the year. This will mean Perusahaan Listrik Negara (Persero) (BBB/Stable) will remain reliant on state support to sustain its operations over the medium term.
A spike in Covid-19 cases in Thailand led to a lockdown from July to September 2021, which is likely to drag down overall demand growth for electricity to 1%-1.5% for the year. Thailand’s electricity demand declined by 3% in 2020 (2019: 3% growth), driven by the pandemic-led economic slowdown and decline in tourism. The government provided several relief measures to aid households and businesses. We expect Electricity Generating Authority of Thailand's (BBB+/Stable) strong financial profile to provide buffer against lower electricity demand and tariff discounts.
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Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
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- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
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