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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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Wednesday, 14 October 20
MARKET INSIGHT - INTERMODAL
The tanker market has experienced severe freight rate and asset value declines over the past 5 months. A potential market upturn may arise in the c ...
Friday, 09 October 20
INDIA'S COAL IMPORTS IMPROVE SOMEWHAT, BUT RECOVERY IS UNEVEN - REUTERS
India’s coal imports, depressed by the impact of coronavirus this year, regained ground in September, but in an uneven uptick – shipmen ...
Thursday, 08 October 20
CHINA'S COAL IMPORTS FROM INDONESIA DECLINED 16.4% Y-O-Y, TO 80.2 MLN TONNES IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
China's coal imports boomed in 2019, surprising many who had expected the government would clamp down strictly on shipments.
...
Thursday, 08 October 20
GLIMMER OF LIGHT FOR COAL, BUT SHORT TERM - FNARENA
Is coal on the rebound? Demand appears stronger and supply reductions have underpinned a tightening market. Certainly, the Newcastle thermal coal p ...
Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease.
COVID-19 a ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- PTC India Limited - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
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