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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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Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and ...
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- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
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