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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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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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- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Planning Commission, India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
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