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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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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Anglo American - United Kingdom
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
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