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Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
 China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from thermal power in the last heating season, Fitch Ratings says. However, Fitch Ratings further says, we expect renewable energy to continue driving power installation and investment in 2021 as China aims to achieve carbon neutrality by 2060.
Power demand rose by 21.2% yoy to 1,921.9GWh in 1Q21, exceeding 1Q19 by 14.4%, driven by the industrial sector's 15.3% increase and the tertiary sector's 16.5% gain. Tertiary demand was marked by the rapid consumption growth of information and technology services. Demand from the charging and battery swapping industry also surged on faster growth in the new-energy vehicle sector.
Thermal power output increased 21.1% yoy in 1Q21, accounting for 73% of total power supply. This was 7pp higher than the contribution of thermal power to generation in 2020, although the proportion of coal-fired power capacity in China's fuel mix decreased to 48.8% in 1Q21 after dropping to below 50% for the first time by end-2020. This was due to higher output from heating power co-generation thermal units in the heating seasons and lower wind and solar contribution in winter.
Non-fossil fuels led installations and investments, accounting for 55% of new power generation capacity and 90% of generation capex in 1Q21, while 1Q21 capex contribution from thermal power fell to 10.1%, from 10.5% in 2020, under the government's restrictions on thermal power installations given the environmental ramifications.
China is also improving coal-fired power plants' flexibility. Some provinces, such as Shandong, have extended the service life of some large and efficient coal-fired power units, ensuring a stable power supply as renewable energy is usually affected by the intermittent nature of its source.
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Thursday, 27 May 21
KOMIPO INVITED BIDS FOR 1.56 MILLION TONS OF BITUMINOUS COAL
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Thursday, 27 May 21
CHINA POWER DEMAND EXCEEDS PRE-COVID-19 LEVELS; THERMAL OUTPUT STRONG - FITCH RATINGS
Rising Consumption: Total power consumption rose by 21.2% yoy to 1,921.9GWh in 1Q21 due to the fast recovery of China’s economy, after a drop ...
Wednesday, 26 May 21
THE INDONESIA COAL PRICE REFERENCE FOR MAY 2021 SETTLES AT US$ 89.74 PER TON
COALspot.com: The Indonesia coal price reference for May 2021 settles at US$ 89.74 per ton FOB vessel.
The Indonesia coal pric ...
Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of un ...
Wednesday, 26 May 21
NEW POWER AND ENERGY MASTER PLAN MUST BE DESIGNED IN BANGLADESH'S BEST INTERESTS, NOT JAPAN'S - IEEFA
JICA must deliver a low or zero emissions plan as promised, not fund Matarbari 2 coal plant
Clear understandings from the Bangladesh ...
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- Economic Council, Georgia
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Parliament of New Zealand
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