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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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Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
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- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
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