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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, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- The University of Queensland
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
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