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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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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
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Showing 21 to 25 news of total 6871 |
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- Ministry of Mines - Canada
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Coal and Oil Company - UAE
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
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