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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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Sunday, 13 December 20
LONGSTANDING DOWNSIDE RISKS TO TRADE OUTLOOK - BALTIC EXCHANGE
The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week.
The ...
Sunday, 13 December 20
INDONESIA COAL OUTPUT AT 514 MILLION TONNES THIS YEAR, 2021 TARGET UNCHANGED - REUTERS
Indonesia coal output in the period to Dec. 10 stood at 514.2 million tonnes, official data from the energy ministry’s website showed.
&n ...
Thursday, 10 December 20
MALAYSIA'S CIMB ANNOUNCES COAL FINANCING PHASE-OUT BY 2040 AS ASIA'S FOSSIL FUEL DIVESTMENT DRIVE ACCELERATES - IEEFA
The first emerging markets bank to announce a progressive coal exit policy
Malaysia’s CIMB Group Holdings (CIMB) has announced ...
Wednesday, 09 December 20
MARKET INSIGHT - INTERMODAL
Heading towards the end of a difficult year and with the entire planet under the shadow of the covid-19 virus, it is interesting to proceed with a ...
Tuesday, 08 December 20
MARKET ANALYSIS - ALLIED SHIPPING
It is now undisputed that oil consumption for 2020 will post a considerable drop, as demand for several petroleum products has plummeted since the ...
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- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
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