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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, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
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- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- The University of Queensland
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Agrawal Coal Company - India
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