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Wednesday, 26 August 20
PENDING SOUTH KOREA LEGISLATION COULD FORCE HALT TO COUNTRY’S COAL PLANT EXPORT DEALS - KOREA ECONOMIC DAILY
South Korea’s parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired plant deals under way at risk of being scrapped.
Late last month, four lawmakers from the ruling Democratic Party proposed a set of bills, aimed at prohibiting utility Korea Electric Power Corp. (KEPCO), two state-run Korean banks and the state trade insurance provider from financing foreign coal projects.
The draft bills concerning KEPCO, Korea Development Bank, Export-Import Bank of Korea (Korea EXIM) and Korea Trade Insurance Corp. are very likely to pass at the ruling party-controlled National Assembly next month.
Under the proposed bills, the four state-run entities will be prohibited from participating in the construction and operation of coal-fired power plants abroad, as well as extending the life of existing plants. After passing through the National Assembly’s regular session, the bills will take effect immediately.
South Korea is the world’s No. 2 coal power plant exporter in terms of orders received, winning $5.8 billion worth of orders between January 2013 and July 2020, according to EndCoal. China is the biggest coal power plant exporter for orders of $50 billion, nearly 10 times more than South Korea.
But the new legislation may herald the collapse of the relevant industry in Korea. In particular, Doosan Heavy would be hard hit by a ban on the country’s financing of overseas coal plants, as this accounts for half of its overseas business. The company has already suffered from the South Korean government’s policy to phase out nuclear power.
Source: The Korea Economic Daily
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Monday, 24 August 20
A COMBINATION OF DEVELOPMENTS DROVE THE FALLOFF COAL PRICES - CHIEF ECONOMIST’ OFFICE, AUSTRALIA
China, rising domestic production combined with subdued power demand;
India, a lockdown coupled with government directives that fav ...
Monday, 24 August 20
AUSTRALIA'S THERMAL COAL EXPORTS ARE FORECAST TO DROP FROM AN ESTIMATED $20 BILLION IN 2019-20 TO $16 BILLION IN 2020-21: REPORT
Thermal coal spot prices have fallen sharply as the impact of COVID-19 drives a contraction in seaborne trade for only the second time this century ...
Saturday, 22 August 20
REPORT SEES INDIA’S RELIANCE ON THERMAL POWER DROPPING TO 50% IN 2021, 43% IN 2026 - ET ENERGY | IEEFA
India’s dependence on thermal power will reduce to 50 per cent by 2021-22 and 43 per cent by 2026-27 on the back of renewable energy (RE) cap ...
Friday, 21 August 20
323 MILLION ELECTRIC VEHICLES WILL BE ON THE ROADS BY 2040 - WOOD MACKENZIE
Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new ...
Friday, 21 August 20
BHP COMMITS TO SELLING ITS THERMAL COALMINES WITHIN TWO YEARS - THE GUARDIAN
Move follows pressure from investors but company stops short of full exit from coalmining
BHP has announced it plans to sell off its ...
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- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- The University of Queensland
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
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