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Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
 Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a drop in demand for electricity, Deputy Minister of State Assets Artur Sobon said on Friday.
Poland generates most of its electricity from burning coal, which has become costly due to rising prices of carbon emission permits. The industry has also struggled with falling demand for coal, which accelerated during the COVID-19 lockdown because the country used less power.
“The situation in coal mining is not easy … We have a fall in electricity production and a fall in production of electricity from coal. We should expect that this is a sustained trend,” Sobon said during a discussion panel on energy transformation during the European Economic Congress in Katowice, the heart of Poland’s coal region.
He said data provided by power stations showed that next year demand for coal would likely shrink by around 7 million tonnes.
Speaking at the same panel, Tomasz Rogala, chief executive at Poland’s biggest coal producer, state-run PGG, said the group had to adjust its output to the demand from Polish utilities, as it would not find new markets for its products.
PGG produces around 30 million tonnes of coal a year, but its output is expected to drop this year due to falling demand and the COVID-19 pandemic.
The company’s management prepared a restructuring plan, which assumed the closure of two of its coal mines, but the proposal was rejected by the trade unions in July. Since then, the government, PGG and unions have been working on a new restructuring scheme.
“The biggest challenge today is to design this change in such a way that it is as acceptable as possible,” Rogala said, adding that figures reflecting the market trends could not be ignored.
Source: Reuters (Reporting by Agnieszka Barteczko; Editing by Mark Potter)
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Wednesday, 09 September 20
MARKET INSIGHT - INTERMODAL
The uneventful summer lull which is coming to an end soon has left its stigma on the newbuilding market, which has already been devastated by the g ...
Saturday, 05 September 20
INDIA WON'T KICK ITS COAL HABIT SO EASILY - HINDU BUSINESS LINE
India has traditionally considered itself lucky to have been endowed with abundant coal reserves, which it has sought to use to meet its energy nee ...
Saturday, 05 September 20
FINANCING COMPLETE FOR 900MW FIFTH PHASE OF MASSIVE DUBAI SOLAR PARK: ARABIAN BUSINESS
Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashi ...
Saturday, 05 September 20
PAKISTAN'S NEW 27-YEAR POWER PLAN RISKS LOCKING IN LONG-TERM OVERCAPACITY, LEAVING IMPORTED COAL AND LNG PLANTS STRANDED - IEEFA
Wind and solar, the country’s cheapest source of new generation, also overlooked
Pakistan risks locking itself into building m ...
Friday, 04 September 20
IN A DEEPENING DEBT HOLE OF $34 BILLION, INDONESIA’S PLN MUST STOP DIGGING - IEEFA
The utility has added IDR100 trillion in debt annually for the last five years
Utilities globally started changing the way they do business ye ...
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- Posco Energy - South Korea
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- Independent Power Producers Association of India
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- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
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- San Jose City I Power Corp, Philippines
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- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
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- Eastern Coal Council - USA
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- Parry Sugars Refinery, India
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- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
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- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
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- Vedanta Resources Plc - India
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- Baramulti Group, Indonesia
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- Wood Mackenzie - Singapore
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- Bangladesh Power Developement Board
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- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
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- London Commodity Brokers - England
- India Bulls Power Limited - India
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- Australian Commodity Traders Exchange
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- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
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- MS Steel International - UAE
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- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- The University of Queensland
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- South Luzon Thermal Energy Corporation
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- ICICI Bank Limited - India
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- Economic Council, Georgia
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- SN Aboitiz Power Inc, Philippines
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- Trasteel International SA, Italy
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- Minerals Council of Australia
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