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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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- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Australian Coal Association
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
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