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Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more permits in a couple of weeks of March than it did all of last year.
The Chinese government issued permits for the construction of 6.6 gigawatts of coal-fired power capacity between March 1 and March 18, compared with 6.3 gigawatts in 2019, according to a new report by the Global Energy Monitor, which tracks coal plant capacity from proposal stage through to completion.
The report, Boom and Bust 2020: Tracking The Global Coal Plant Pipeline, found that due to the Morrison government’s pro-coal policies, Australia was second only to China in the world for proposals of new coal power stations, with 3 gigawatts proposed. However, would-be developers were having trouble sourcing finance as banks and lenders toughened their stance against fossil fuels and as prices for new renewable energy continued to fall beneath that for coal-fired generators.
The fifth annual survey of the coal demand – which tracks plants from proposal stage, through permits to completion – found there was a 16 per cent drop in capacity in the pipeline over the past year and a 66 per cent fall since 2015.
Despite the decline in development, coal capacity swelled by 34.1 gigawatts in 2019, the first increase in net capacity since 2015. Nearly two-thirds of newly commissioned capacity was in China.
Outside China, the global coal fleet overall shrank for the second year in a row, as other countries together retired more coal capacity than they commissioned.
“Global power generation from coal fell by a record amount in 2019, as renewable energy grew and power demand slowed down,” said Christine Shearer, lead author and Director of Global Energy Monitor’s Coal Program. “Regardless, the number of new plants added to the grid accelerated, meaning that the world’s coal plants were operated a lot less – more plants generating less power,” she said. “For banks and investors that continue to underwrite new coal plants, this means weakened profitability and increased risk.”
The coronavirus pandemic has also stalled projects worth $US17.1 billion due to labour and supply chain disruption across south and south-east Asia – regions crucial to the future of the Australian thermal coal industry – the report found.
Even more ominously for Australian exporters, the report found that between 2016 and 2019 construction starts fell by more than 85 per cent, from 12.8 GW to 1.8 GW. In India the pre-construction pipeline shrank by half.
Tim Buckley, the director of Energy Finance Studies at the Institute for Energy Economics and Financial Analysis, said that the report confirmed the thermal coal industry was in terminal decline, despite the uptick in permits in China.
He said that over the past two years China had suspended its efforts to curb pollution – and coal energy capacity – in response to the trade war with the United States, and was now leaning even more heavily on coal to stimulate its economy in the face of the coronavirus.
But he said that as a result of that diversion of effort, China was no longer investing in coal plants throughout the Asian region.
China’s coal power capacity was increasingly idle, running at below 50 per cent.
He said that even as it built new coal-fired power plants, China was decommissioning plants built just a decade ago, or well shy of their designed life.
Source: Sydney Morning Herald
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Wednesday, 25 March 20
MARKET INSIGHT - INTERMODAL
There is no doubt that the Covid-19 pandemic crisis is a world-shattering event that will change the world as we know it. Societies are facing chal ...
Wednesday, 25 March 20
INDONESIA TO CANCEL RULES REQUIRING DOMESTIC SHIPS FOR COAL, PALM EXPORTS : REFINITIV
Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinatin ...
Wednesday, 25 March 20
JAN-FEB 2020, INDONESIA SHIPPED 64.5 MLN TONNES OF COAL, UP +3.4% YOY - BANCHERO COSTA
In the 12 months of calendar 2019, Indonesia exported 386.4 mln tonnes of coal, according to vessel tracking data from Refinitiv. This represents a ...
Tuesday, 24 March 20
MARKET ANALYSIS - ALLIED
As countries around the world struggle to take back control of the ongoing COVID-19 pandemic the global economy shuts down bit by bit, leaving only ...
Tuesday, 24 March 20
THE TRIPLE SHOCK OF CORONAVIRUS IN SHIPPING: WILL IT LAST? - DREWRY
Transport capacity shortages, disruptions to supply chains and inability to plan since late January have been a dangerous combination. But will all ...
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- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
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