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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power shortages in over a decade and slash rising generation costs.
Coal rose to prominence in Bangladesh’s power mix in 2023 at the expense of cleaner fuels, as the government struggled to pay for costly natural gas, furnace oil and diesel imports because of shrinking dollar reserves and a weakening currency.
Power generation from coal surged to a record 21 billion kilowatt-hours (kWh) in 2023, up from the 7.9 billion kWh of electricity produced from coal in 2022, an analysis of daily operational reports by the Power Grid Company of Bangladesh (PGCB) showed.
“The share of coal is expected to increase further this year as a new unit is expected to get commissioned. Dependence on gas is expected to remain steady and use of liquid fuels will fall,” a senior energy ministry official said.
Coal’s share of the power generation fuel mix rose to 14.2% in 2023, from 8.9% in 2022, the PGCB data showed, while the share of natural gas rose to 55.2% in 2023, the first increase in four years and up from 51% in 2022.
However, natural gas’s share last year was much lower than the average of about 66% in the ten years to 2022 as high international prices for the fuel limited its usage. Dwindling local gas reserves and LNG, mainly from Qatar, are the main gas sources for the country.
Coal and natural gas gained mainly at the expense of liquid fuels such as fuel oil and diesel, whose share in power generation slipped to 20.1% in 2023 from 29.6% in 2022, the data showed.
Bangladesh, home to over 170 million people and the world’s second-largest garments exporter, supplying global retailers including Walmart, H&M and Zara, faced unscheduled power cuts during three out of every four days in 2023.
Overall shortages surged nearly 40% year-on-year to 2.7 billion kWh in 2023, or 2.8% of demand, PGCB data showed, with shortages easing in the second half of the year because of higher coal-fired output.
Along with other major Asian economies India and Vietnam, Bangladesh boosted its use of relatively inexpensive coal to meet it surging power demand growth, which rose over 5% in 2023.
Higher coal-fired generation also put the south Asian nation on track to cut average generation costs for the first time in four years.
The cost of power generation averaged 5.23 Bangladesh Taka (4.78 U.S. cents) per kWh during the 11 months ending November, about 9% lower than in 2022.
Bangladesh, among the top ten economies most dependent on fossil fuels for power generation, hopes to boost its green credentials this year by doubling its solar capacity additions and commissioning a long-delayed nuclear power plant.
However, fossil fuels will continue to dominate power generation in the coming years and renewables are not expected to make up more than 5% of overall output this decade, industry officials say.
Source: Reuters
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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- The University of Queensland
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
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