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Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
 Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in major Asian markets, according to the International Energy Agency’s latest market analysis and forecasts.
The weakness in coal demand this year results mainly from coal-fired electricity generation, which is set to experience its largest ever decline – over 250 terawatt hours (TWh), or more than 2.5%. This drop is led by double-digit falls in the United States and Europe, according to Coal 2019, which was released today and contains forecasts through 2024.
It is too soon to say whether the expected global decrease in coal power generation this year will be the start of a lasting trend. The IEA forecasts that renewable sources will supply a major portion of the increase in global electricity demand over the next five years. Electricity generation from coal will rise only marginally over that period, at less than 1% per year – and its share will decline from 38% in 2018 to 35% in 2024. This means coal remains by far the single largest source of power supply worldwide.
Ultimately, global trends will depend largely on China, where half of the world’s coal is produced and consumed.
In Europe and the United States, coal power generation is sinking to levels not seen in decades. Growth in solar PV and wind, low natural gas prices and stagnating electricity demand have created a perfect storm for coal in both regions, where coal plants retirements continue to take place. These trends will continue through 2024, although the speed of the declines is expected to slow unless coal comes under additional pressure from stronger climate policies or lower-than-expected natural gas prices.
“Wind and solar PV are growing rapidly in many parts of the world. With investment in new plants drying up, coal power capacity outside Asia is clearly declining and will continue to do so in the coming years,” said Keisuke Sadamori, the IEA’s Director of Energy Markets and Security, who is launching the report in Johannesburg today alongside Gwede Mantashe, South Africa’s Minister of Mineral and Energy Resources.
“But this is not the end of coal, since demand continues to expand in Asia,” Mr Sadamori added. “The region’s share of global coal power generation has climbed from just over 20% in 1990 to almost 80% in 2019, meaning coal’s fate is increasingly tied to decisions made in Asian capitals.”
The report highlights that countries in South and Southeast Asia – such as India, Indonesia and Vietnam – are relying on coal to fuel their economic growth. Natural gas and oil have traditionally been the main sources of power generation in Pakistan, but the country has commissioned 5 gigawatts (GW) of coal power capacity since 2017, and another 5 GW is set to come online in the next few years. In Bangladesh, where natural gas has long generated the bulk of electricity supply, coal will gain share in the coming years, with 10 GW of capacity in the pipeline.
“In 2019, global coal power generation will experience the biggest drop ever and coal power generation in India will probably decline for the first time in 45 years,” Mr Sadamori said. “The global picture, however, has not changed much. Coal is disappearing in many advanced economies, but it remains resilient and is even continuing to grow in developing Asia. The low coal power generation in India this year was due to unusually low growth in electricity demand and exceptionally high hydropower output. It is not at all clear that it will be repeated.”
The IEA forecast for global coal demand in this year’s report is very similar to those in previous years, but Coal 2019 warns that potential threats to the sector are increasing. Public opposition to coal is building, many countries are mulling stronger climate and environmental policies, and renewables and natural gas are becoming more and more competitive.
Source: IEA
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Wednesday, 13 January 21
CHINA THERMAL GENCO PROFITS FACE PRESSURE AMID POWER SHORTAGES - FITHCH WIRE
High coal and gas prices will put near-term pressure on margins for thermal power generators in China, says Fitch Ratings. However, the power short ...
Wednesday, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...
Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021
Medium-term outlook is less favourable although demand declines are expected to be subtle ...
Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...
Friday, 08 January 21
INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive
Although one of the top 10 solar module producers in the world, India ...
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- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Economic Council, Georgia
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Australian Coal Association
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
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