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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, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
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- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- The University of Queensland
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
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