We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
|
|
|
Showing 76 to 80 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
|
| |
| |
|
