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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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Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
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- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Latin American Coal - Colombia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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