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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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Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...
Wednesday, 06 January 21
INDONESIA EXCEEDS COAL PRODUCTION TARGET IN 2020
Indonesian coal production reached 557.54 Million Tons in 2020 1.37% higher than of last year’s total target of 550.00 Million Tons, accordin ...
Wednesday, 06 January 21
CHINESE CITIES REPORTEDLY GO DARK AS COUNTRY FACES SHORTAGE OF COAL, A MAJOR AUSTRALIAN EXPORT - CNBC
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.
Analysts said pr ...
Tuesday, 05 January 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP - XINHUA
China Taiyuan coal transaction price index stood at 136 points Monday, up 0.91 percent week on week.
The index, released by China Ta ...
Tuesday, 05 January 21
THE INDONESIA COAL PRICE REFERENCE SOARS TO HIGHEST ONE-MONTH INCREASE SINCE DECEMBER 2016
COALspot.com: The Indonesia coal price reference for January 2021 settles above $75 for the first time since July 2019 and to highest one-month inc ...
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- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
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