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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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Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
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- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
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