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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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Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
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- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Australian Coal Association
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- White Energy Company Limited
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
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