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Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
 China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says in its latest China Power Watch report.
Total power consumption rose by 16.2% yoy in 1H21, or 7.6% based on a two-year CAGR, mainly driven by the industrial sector, which contributed 68% to total power consumption. This, together with higher residential demand on hot days, pushed peak loads to record high levels for many regional grids in 2Q21, when hydropower, the second largest contributor of power generation in China, was weak due to low waterflow. As a result, many places in China saw restrictions on power usage.
Tight power supply also reflects weak peak-load flexibility in China. However, China is stepping up efforts to improve the flexibility of its power system. Power generation companies (gencos) are upgrading thermal power plants and increasing peak shaving capacity. They are also investing in power storage projects to ensure stable power supply. The grid company State Grid Corporation of China (SGCC, A+/Stable) is increasing capex on grid infrastructure and we believe this will also enhance grid flexibility.
Coal prices also surged in 1H21 as market demand exceeded domestic production, which is further heightened by a 19.7% yoy decrease in import coal volume. High coal prices will squeeze gencos' profit due to lack of pass-through under the current tariff mechanism. Fitch expects this, together with power gencos' higher capex to fund renewable projects, will result in weakened 2021 credit metrics.
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Thursday, 01 July 21
END TO COAL POWER BROUGHT FORWARD TO OCTOBER 2024
Press Release: The deadline to phase out coal from Great Britain's energy system has been brought forward by a whole year, highlighting the UK& ...
Thursday, 01 July 21
WHY BUILD 600 NEW UNPROFITABLE COAL PLANTS? - DEUTSCHE WELLE
Governments in Asia are planning 600 new coal plants that could lose investors $150 billion and derail efforts to limit temperature rise in line wi ...
Thursday, 01 July 21
FIVE ASIAN COUNTRIES ACCOUNT FOR 80% OF NEW COAL POWER INVESTMENT - THE GUARDIAN
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a rep ...
Wednesday, 30 June 21
DELTA DUNIA MAKMUR RECORDED AN IMPROVED REVENUE IN Q1 2021; REVENUE INCREASED BY 49% QOQ TO US$160 MILLION ON THE BACK OF COAL PRICE RECOVERY
PT Delta Dunia Makmur Tbk. (“DOID”) released its consolidated financial and operating results that include its primary and wholly-owned ...
Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the p ...
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- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Planning Commission, India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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