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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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Tuesday, 14 December 21
COAL LOCK-IN IN SOUTHEAST ASIA PRESENTS A CHALLENGE FOR THE ASIAN DEVELOPMENT BANK'S COAL RETIREMENT PLAN - IEEFA
In August, the Asian Development Bank (ADB) announced an ambitious plan to buy high emissions coal-fired power plants in Southeast Asia and retire ...
Saturday, 11 December 21
BUNKER BUYERS LOSE UP TO $5/MT FOR NOT COVERING ENOUGH SUPPLIERS - INTEGR8 FUELS
With the Brent price recently touching the $80 mark and before the Omicron variant concerns pushed it lower, bunker prices reached levels not seen ...
Tuesday, 07 December 21
SUPERCYCLE DEMAND: ARE WE THERE YET? - WOOD MACKENZIE
Taking young children on a long journey is fraught with challenges, not least the inevitable question a few minutes after leaving: are we there yet ...
Tuesday, 07 December 21
COAL WOULD REMAIN ENERGY LEADER FOR AT LEAST 15 YEARS - LIVEMINT
Coal India Ltd (CIL) has been in the eye of the storm after fuel stocks at coal-fuelled power plants depleted in October. Fuel stocks since are bei ...
Tuesday, 07 December 21
GLOBAL SHIPPING OUTLOOK TURNS STABLE FROM POSITIVE ON THE BACK OF PEAKING EARNINGS DURING 2021 - MOODY'S
The outlook for the global shipping industry is changed to stable from positive for the next 12 to 18 months due to demand slightly outstripping su ...
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- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
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