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Saturday, 16 October 21
VIETNAM'S COAL-FIRED POWER MAY DOUBLE BY 2030 UNDER DRAFT ENERGY PLAN - REUTERS
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime minister for approval this week.
The draft plan guarantees that Vietnam will become more reliant on coal to power its fast growing economy at a time when financiers and insurers are refusing to back new projects because of fuel’s large climate change impact.
Coal-fired power plants will account for up to 31.4% of as much as 143.8 gigawatts (GW) of installed generation capacity planned in 2030, according to a copy of the so-called Power Development Plan 8 (PDP 8) reviewed by Reuters.
That translates to about 41 GW of coal power by the end of the decade, up from 20.7 GW out of 69 GW of capacity from all sources as of 2020, according to the plan.
The Ministry of Industry and Trade which drafted the plan did not respond to multiple emails from Reuters seeking comment on the forecasts.
Vietnam, with a population of 98 million, is seeking to boost its power generation to support the growth of production bases for firms such as South Korea’s Samsung Electronics 005030.KS and LG Electronics Inc 066570.KS.
The PDP 8 assumes Vietnam’s gross domestic product will increase annually by 6.6% between now and 2030 and 5.7% to 2045.
The country will need to invest $115.96 billion in new power plants and power grid expansions to 2030, and up to $227.4 billion to 2045, when installed capacity may be up to 329.6 GW, according to the plan.
Natural gas, including liquefied natural gas, will make up 22.4% of installed capacity by 2030 from 13% at the end of 2020 and then rise to as much as 26.9% by 2045, while coal slips to only as much as 19.4% by then.
By 2030, the proportion of non-hydro renewables will rise to 25.7% of the energy mix by 2030, flat from 24.6% at the end of last year, according to the plan. This would increase to as much as 41.7% by 2045.
Hydropower will fall in the energy mix to only about 20% by 2030 from 30.3% at the end of 2020, the plan showed.
Prime Minister Pham Minh Chinh earlier this week said Vietnam would raise the proportion of renewables in its power mix while pursuing sustainable and efficient use of energy amid the shrinking of its fossil fuel reserves.
“As a developing country that is still facing numerous difficulties, Vietnam is building a harmonious and balanced roadmap for a sustainable energy conversion, adapting to climate change and reducing carbon emission,” Chinh said in a statement.
Source: Reuters
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Tuesday, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...
Tuesday, 26 October 21
ENERGY CRISIS SHOWS COAL IS AN EXPENSIVE AND UNRELIABLE SOURCE OF ELECTRICITY GENERATION - IEEFA
Any knee-jerk reaction that urges more investment in coal completely misses the point
India is teetering on the brink of joining a growing glo ...
Tuesday, 26 October 21
CHINA TO INVESTIGATE ENERGY INDEX PROVIDERS IN BID TO TAME COAL PRICES - REUTERS
China said on Monday it will investigate energy price index providers as it urged coal industry participants to “strictly” meet contrac ...
Tuesday, 26 October 21
THERE IS PLENTY OF COAL AND GAS IN THE WORLD BUT A VOLATILE MARKET IS NOBODY'S FRIEND - IEEFA
Gas will be winding its way out of the energy system
Gas prices are continuing to surge around the world. The cost of gas is at unpr ...
Tuesday, 26 October 21
AUSTRALIA EXPORTED 51.6 MLN TONNES OF COAL TO INDIA IN FIRST 10 MONTHS, 19% OF ALL AUSTRALIAN COAL EXPORTS; CHINA WAS THE DESTINATION FOR JUST 0.7% - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. In 2021 things started pretty badly, but we are seeing increasing signs of ...
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- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
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