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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, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- PTC India Limited - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- The University of Queensland
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
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