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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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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
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