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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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- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
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