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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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Thursday, 15 September 11
BOTSWANA COAL AND ENERGY CONFERENCE 2011
Press Release - Botswana Coal and Energy Conference 2011 | 29-30 November 2011 | Gaborone. Botswana represents Africa’s exciting new coal and ...
Thursday, 15 September 11
DRY BULK MARKET EDGING FURTHER UP THE SCALE, CLOSING IN ON 2,000 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was up once again yesterday, reaching 1,927 points, or 1.375 higher on the day. Thus, it has kept its rising trend established d ...
Wednesday, 14 September 11
INDO STRAITS BAGS 2.4 MILLION TON COAL TRANSPORTATION CONTRACT FROM ARUTMIN
COALspot.com - PT Indo Straits Tbk (PTIS) bagged a contract to tranship about 2.40 million tons of coal over an initial period of 6 months fro ...
Wednesday, 14 September 11
DUTA PERTIWI DISCOVERS COAL RESERVE - INSIDER STORIES
Insider Stories reported that, PT Duta Pertiwi Nusantara Tbk (DPNS) yesterday steeply jumped 24.56% to Rp710 a share after the company discove ...
Wednesday, 14 September 11
GOVT SETS SEPTEMBER COAL REFERENCE PRICE AT $116.26 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the September 2011 coal reference price at US$ 116.26 per ton slightly ...
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- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- The University of Queensland
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Australian Coal Association
- Planning Commission, India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
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