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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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Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- PTC India Limited - India
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- The University of Queensland
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
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