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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, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
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- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- The University of Queensland
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
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