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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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Wednesday, 12 August 20
U.S. COAL PRODUCTION IN 2020 WILL DECREASE BY 29% FROM 2019 LEVELS TO 502 MMST - EIA
U.S. coal consumption, which dropped to its lowest point since April, totaled 95 MMst in the second quarter of 2020.
EIA expec ...
Tuesday, 11 August 20
BHP COAL ASSETS WORTH A BILLION LESS THAN JUST TWO YEARS AGO - IEEFA
Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting & ...
Monday, 10 August 20
COAL IMPORT DROPS 43% IN JULY OWING TO HIGH STOCKPILE AT PITHEADS, PLANTS - PTI
“The market participants seem to have adopted a wait and watch approach and are currently looking for a direction. We do not expect to see an ...
Saturday, 08 August 20
GLOBAL COAL POWER PUZZLE - BALTIC EXCHANGE
Global Energy Monitor’s latest Global Coal Plant Tracker has put another nail in the coffin for the coal-carrying fleet with its finding that ...
Friday, 07 August 20
PEABODY'S $1.42 BILLION WRITE-DOWN CONCEDES COAL MINES HAVE LITTLE VALUE AND DIM FUTURE - IEEFA
Trouble at biggest mine in Powder River Basin speaks volumes about state of industry
Peabody Energy, the world’s largest priva ...
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- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- PTC India Limited - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
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