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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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Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
...
Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
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- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
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