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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, 19 June 23
DROUGHT-DEPLETED HYDROPOWER DRIVES CHINA TO TURN TO COAL - REUTERS
China has leant hard on coal-fired power plants as well as wind and solar generators to make up for a shortfall in hydroelectric generation as a re ...
Monday, 19 June 23
CHINA COAL OUTPUT UP 4.2 PCT IN MAY - XINHUA
China’s raw coal output posted steady growth in May, official data showed.
The country produced 390 million tonnes of raw coal ...
Wednesday, 24 May 23
AMMONIA-FUELLED BULK CARRIERS WITHIN FIVE YEARS - BALTIC EXCHANGE
Within five years, ships powered by clean ammonia could be a feature on the iron ore trade routes between West Australia and East Asia.
A study ...
Tuesday, 23 May 23
CHINA'S APRIL COAL OUTPUT LEAPS 11% ON YEAR, BUT DEMAND DOWNTURN LOOMS - REUTERS
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensu ...
Tuesday, 23 May 23
INDIA: COAL OUTPUT UP 8.9%, SUPPLY RISES 11.7% IN APRIL - FINANCIAL EXPRESS
India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to ...
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- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
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- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
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- Asmin Koalindo Tuhup - Indonesia
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- Miang Besar Coal Terminal - Indonesia
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- Singapore Mercantile Exchange
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- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
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- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
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- Posco Energy - South Korea
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
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- Planning Commission, India
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- Electricity Generating Authority of Thailand
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- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
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- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
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- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Mercator Lines Limited - India
- The University of Queensland
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- Australian Commodity Traders Exchange
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- Central Electricity Authority - India
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- Australian Coal Association
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