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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, 28 September 21
THE MAIDEN EDITION OF DIVE TECHNOLOGY SUMMIT 2021 CONCLUDES SUCCESSFULLY
Press Release: DIVE TECHNOLOGY SUMMIT 2021, a one-day conference on the recent technological advancements in the Industrial Diving industry conclud ...
Monday, 27 September 21
CHINESE COAL FIRMS MEET TO ADDRESS WINTER SUPPLY CHALLENGES - CNBC
Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country’s winter consumption peak approaches, ...
Saturday, 25 September 21
HIGH STAKES FOR ASIAN DEVELOPMENT BANK’S AMBITIOUS COAL POWER RETIREMENT PLAN - IEEFA
Implementation challenges could block funding for other equally important high impact clean energy funding strategies
In the lead up ...
Thursday, 23 September 21
LONGER COAL CONTRACTS MAY REIN IN PRICES - ECNS
In China’s coal sector that has been marred recently by price surges, regional authorities and related enterprises should ensure the fuel con ...
Thursday, 23 September 21
BALTIC INDEX HITS 12-YEAR PEAK ON FIRMER VESSELS RATES - REUTERS
The Baltic Exchange’s main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rat ...
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- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- PTC India Limited - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Australian Coal Association
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
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