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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Raphael Lotilla said.
Lotilla made this comment during the Power Summit 2024, organized by the Philippine Chamber of Commerce and Industry.
‘’We do not set aside our responsibility to ensure adequate base load capacities in conjunction with our push to increase (renewable energy) share in the power mix,” he said.
The Philippines has over 6,300 megawatts (MW) of dependable coal capacity aged 10 years or younger, which can operate for at least another 30 years, Department of Energy (DOE) data showed.
More than 4,700 MW of dependable coal capacities are between 11 and 30 years old, while 592 MW are 36 years and older.
“We are prepared for the various scenarios of the energy transition, and the relatively young age of these coal plants helps ensure that we will have enough base load capacity through 2030,” Lotilla said.
He emphasized that maximizing the utilization of these existing energy facilities would avoid placing an added cost burden on both the economy and consumers.
According to the energy chief, the country’s economy is over dependent on imported coal, noting that 83 percent of the country’ coal supply was imported last year.
This, he said, has exposed the vulnerability of the Philippines and “started a mad scramble for alternative sources.”
“Our indigenous coal, which has a lower calorific content, cannot meet the requirements of our coal-fired power plants,” he said.
Lotilla also underscored the need to diversify electricity sources, particularly indigenous ones, to ensure the country’s energy security and sustainability.
“While there is an existing moratorium on building coal-fired power plants, there are also exemptions for committed, indicative and expansion plans,” he said.
He said that it was not the moratorium that discouraged the development of coal plants but the market itself.
“The scarcity of financing, higher insurance costs and the risks of carbon taxes and carbon pricing have deterred new coal projects,” Lotilla added.
The DOE has implemented a coal moratorium since October 2020, barring the processing of applications for greenfield coal-fired power generation facility projects requesting endorsements.
Source: Philstar Global
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Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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 ...
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- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Planning Commission, India
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