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Thursday, 06 October 11
SOUTH EAST ASIAS AGGRESSIVE POWER DEMAND GROWTH WILL REQUIRE INVESTMENT OF US$125 BN BY 2020 - WOOD MACKENZIE
 COALspot.com - Wood Mackenzie says that South East Asia’s demand growth for new power generation is so aggressive that new power generation investments of at least US$125 billion (bn) will still be required between now and 2020. A recent report titled ‘Power Crunch in South East Asia’ provides insight into this by examining regional demand hotspots of Java-Bali, Sumatra, Peninsular Malaysia, Singapore, Thailand and Vietnam.
Graham Tyler, Head of Asia Gas and Power Research, says, “South East Asia’s power demand growth will outpace Gross Domestic Product (GDP) growth in the next decade. The major demand centres alone will see demand grow from about 92,000 Megawatts (MW) in 2011 to 163,000 MW in 2020, creating a drop in reserve margins, particularly in the 2014 to 2015 period. Therefore timely investments for new power generation will be required.”
The report forecasts that capacity additions in the region are expected to top 30,000 MW and 85,000 MW by 2015 and 2020 respectively. This requires an increase in power project investment from US$44 bn by 2015 to at least US$125 bn by 2020, even if an economic downturn with GDP growth levels similar to 2009 occurs for two consecutive years from 2010-2013. The bulk of the new investment is in coal, amounting to 42% of the investment. The remainder is dominated by gas, which accounts for 18% of the total.
Mr Tyler says, “If immediate actions are taken to correct the existing situation and attract the level of investment required, the impact of power shortages will be softened from 2015 onwards. To achieve this, governments need to encourage the project financing required to meet the power capacity investment levels by speeding up regulatory and approval processes.”
Wood Mackenzie places reserve capacity at an optimal level of 15%. This is crucial to meet unplanned or unexpected power needs. A fall below this will be uncomfortable but if it drops below ten percent, scheduled power cuts should be expected as a regular feature, especially in peak demand seasons that usually fall within the warmer or drier months of the year. Vietnam is hardest hit in the drier months as 40% of their power needs are currently met by hydropower.
The report highlights that Vietnam and Indonesia are most exposed to a potential power crunch and hence require the most investments, representing about 60% of the total required. The regions in West Java and South Vietnam, are particularly in need of new capacity, as they currently have low margins and an over-dependence on power flows from other regions.
Malaysia and Thailand will also see reserve capacity fall below optimal levels in the period to 2015, but the impact should be more manageable as they have been quick to respond to the power shortages by importing power, announcing new projects and speeding up the development of existing ones. These steps will alleviate the power crunch unless project delays or higher demand growth occurs, in which case both countries will also need additional investments.
Summarising, Mr Tyler says, “Power demand growth will increase substantially in the next decade. This strong growth signals that investments of US$125 bn are required to build power capacity additions, even if we see a repeat of 2009’s economic recession over the next two years. Encouraging timely investments in West Java and South Vietnam will be especially crucial and governments can play a part in prioritising investments by expediting processes where possible.”
About Wood Mackenzie
Wood Mackenzie is the most comprehensive source of knowledge about the world’s energy and metals industries. Wood Mackenzie analyses and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger. For more information visit: www.woodmac.com.
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Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
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- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Planning Commission, India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- CNBM International Corporation - China
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
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