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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, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
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- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- The University of Queensland
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
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