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Monday, 14 December 20
PHILIPPINE BANK RCBC TO STOP LENDING FOR NEW COAL-FIRED POWER PROJECTS - MANILA BULLETIN
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power projects in the Philippines.
That came as a daring statement from RCBC President and CEO Eugene S. Acevedo, the first bank chief executive to do so following last month’s coal moratorium declaration by the Department of Energy. “No more coal, no more coal. I’ll say that slowly — NO MORE COAL,” he told reporters who were attending the Yuchengco Groups’ Future-Proofing 2021 virtual forum.
Acevedo made it clear to the journalists that the bank will be taking a milestone change and shift on its energy project funding – that the leaning moving forward will be largely on renewables and gas-fired power facilities.
“The good news is, many of those who used to be coal are migrating to renewables,” the RCBC chief executive said, noting that while there might not be a set percentage on their energy loan portfolios now, the sure thing is they will just bankroll clean energy projects in the foreseeable future.
“I’m going to say that moving forward, all our loans for energy projects will be non-coal, it will be 100 percent non-coal… but it’s very difficult for the country to subsist on purely renewables, so we’ll have a mix,” he said.
Acevedo further opined that “to create a robust energy grid, there has to be a combination of renewables plus a few power plants that are rapidly ratcheted up — and those plants are usually gas-fired. So, we might have a combination of gas and a lot of renewables moving forward.”
- Myrna M. Velasco -
Source: Manila Bulletin
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Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
Friday, 15 January 21
OVER US$50 BILLION IN GAS POWER PROJECTS AND LNG IMPORT FACILITIES AT RISK OF CANCELLATION IN BANGLADESH, PAKISTAN AND VIETNAM - IEEFA
Pakistan and Bangladesh have already cancelled tenders for LNG imports
Emerging markets such as Vietnam, Pakistan and Bangladesh tha ...
Friday, 15 January 21
VIETNAM'S EXTRAORDINARY ROOFTOP SOLAR SUCCESS DEALS ANOTHER BLOW TO THE REMAINING COAL PIPELINE - IEEFA
9.3 gigawatts peak of solar capacity, equal to 6 coal power plants, installed in less than a year
Vietnam’s solar power indust ...
Friday, 15 January 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
COALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin ...
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- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
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