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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, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- The University of Queensland
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