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Thursday, 23 January 20
COAL-BASED ELECTRICITY GENERATION SURGES 95% IN 2019 - PROFIT PAKISTAN TODAY
Coal-based power generation jumped 94.5 percent to 2,030 Gigawatt hours (GWh) in the year to November 2019, taking its share in the country’s energy mix to 27 percent, thanks to China Power Hub Generation and Engro Powergen Thar project.
China Power Hub Generation Company (CPHGC) set up a 1,320-megawatt plant at a cost of $2 billion at Hub, Balochistan, under the China-Pakistan Economic Corridor (CPEC).
The imported coal-fired power plant started commercial operations by supplying power to the national grid station in August 2019. The Engro Powergen Thar project of 660MW, set up at an estimated cost of $1.1 billion, operational in July 2019.
China is investing in 21 energy projects under the CPEC, a flagship project under the larger Belt and Road Initiative. The majority of this investment has gone into coal power generation.
According to data released by National Electric Power Regulatory Authority (NEPRA) the other day said overall electricity generation clocked in at 7,434GWh (10,325 MW) during November 2019, compared to 7,546GWh (10,480 MW) in the same month of 2018. Major contributors during the month were hydel, coal, nuclear, gas and RLNG (regasified liquefied natural gas). On yearly basis, coal-based power generation increased by 95 percent followed by 13 percent rise in hydel-based generation. However, gas and RLNG based generation went down by 54 percent and 47 percent, respectively.
There was zero generation on furnace oil, which is the most expensive source for power generation. Similarly bagasse-based cost of generation also went down by 11.4 percent to Rs5.5/KWh.
On the other hand, hydel-based power generation went up 13.1 percent year-on-year to 2,900GWh, nuclear-based increased 4.6 percent year-on-year to 858GWh, wind-based power was up 19.7 percent to 152GWh, while solar-based power generation inched up 2.4 percent to 49GWh.
Source: Profit Pakistan Today
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Tuesday, 14 January 20
SHIPPING MARKET ANALYSIS - ALLIED SHIPBROKING
Uncertainty in the global geopolitical sphere seems to have not come to an end along with 2019, as 2020 commenced with renewed tensions between the ...
Tuesday, 14 January 20
DRY BULK MARKET: "THIS IS NOT THE END OF COAL" SAYS IEA - BALTIC EXCHANGE
A historic drop in coal-fired electricity generation will not sway global coal demand from its upward trajectory through to 2024, though growth wil ...
Saturday, 11 January 20
ARE YOU 95% CONFIDENT THAT YOUR VERY LOW SULPHUR FUEL IS ON SPEC AND MARPOL COMPLIANT? - GARD
KNOWLEDGE TO ELEVATE
Bunker fuel is a commodity and, like all commodities, is produced and sold according to specifications. Bunkers are usual ...
Saturday, 11 January 20
NEW PRICING COULD SPELL TROUBLE FOR CHINA'S COAL SECTOR - CHINA DIALOGUE
Benchmark coal tariffs have been the foundation of China’s electricity pricing since 2004 but this mechanism was replaced on January 1 with a ...
Saturday, 11 January 20
BALTIC BRIEFING TANKER REPORT - WEEK 2
VLCC
Escalating tensions between the USA and Iran, in addition to a continuing strong market, made for an interesting week, with rates firming ...
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