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Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to convert 13 large coal power projects into clean liquefied natural gas (LNG) based plants.
In a letter sent to the Prime Minister’s Office earlier this month, the Power Division said these 13 coal-based projects either made little progress or could not secure financing, a well-placed source said. Besides, coal power has become costlier in recent years than clean power.
These ongoing projects have a total capacity of 13,000 megawatts – which is more than the country’s current power consumption. As such, the ministry suggested keeping only the projects that are already under construction, and five ongoing coal power projects having 5,371MW of capacity fit the criteria.
The 13 other projects in question have acquired land, and they could be renegotiated into LNG based power projects, Power Division officials told The Business Standard.
State Minister for Energy and Power Nasrul Hamid, who announced the policy direction to shift from coal, recently revealed that financing issues and slow progress are the main reasons behind the re-thinking on the projects. “As most of the sponsored companies failed to get financing, we have decided to rethink the projects. However, further discussion will be taken with the directive of the prime minister,” he had said.
While coal power is difficult to finance, LNG attracts financiers easily now-a-days because of its declining price and clean reputation. Currently, the government is importing 1000 mmcf (million cubic feet) LNG per day through two floating storage units. However, it plans to increase the import capacity to 2,000 mmcf gas per day by 2030.
Meanwhile, a total of five LNG-based projects with a capacity of 8,750 megawatts of electricity are in the pipeline. Payra 3,600 megawatts and Moheskhali 3,600MW combined cycle power projects are the two of these plants which will be implemented by Siemens and General Electric (GE) respectively. Summit Power also joined hands with GE to set up another big LNG based power plant in Meghnaghat.
Source: The Business Standard
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Wednesday, 26 August 20
ASIAN COAL PRICES LIKELY TO REMAIN DEPRESSED SAY TRADERS, ANALYSTS - REUTERS
Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher befo ...
Wednesday, 26 August 20
WORLD COAL EXPORTS: INDONESIAN THERMAL COAL EXPORTS HAVE COME UNDER PRESSURE AS THERMAL COAL PRICES WEAKEN - REPORT
Indonesia’s exports to decline sharply from record highs
Indonesia is the world’s largest thermal coal exporter, sellin ...
Wednesday, 26 August 20
JAPAN'S COAL IMPORTS ARE BEING AFFECTED BY COMPETING INFLUENCES - REPORT
Japan is the world’s third largest thermal coal importer, importing an estimated 135 million tonnes of thermal coal in 2019. The country&rsqu ...
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 p ...
Tuesday, 25 August 20
INDIA'S IMPORTS FALL AS LOCKDOWNS IMPACT THE POWER AND INDUSTRIAL SECTORS - REPORT
India is the world’s second largest thermal coal consumer and importer, importing an estimated 211 million tonnes of thermal coal in 2019.&nb ...
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- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- Singapore Mercantile Exchange
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- MS Steel International - UAE
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Planning Commission, India
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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