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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power shortages in over a decade and slash rising generation costs.
Coal rose to prominence in Bangladesh’s power mix in 2023 at the expense of cleaner fuels, as the government struggled to pay for costly natural gas, furnace oil and diesel imports because of shrinking dollar reserves and a weakening currency.
Power generation from coal surged to a record 21 billion kilowatt-hours (kWh) in 2023, up from the 7.9 billion kWh of electricity produced from coal in 2022, an analysis of daily operational reports by the Power Grid Company of Bangladesh (PGCB) showed.
“The share of coal is expected to increase further this year as a new unit is expected to get commissioned. Dependence on gas is expected to remain steady and use of liquid fuels will fall,” a senior energy ministry official said.
Coal’s share of the power generation fuel mix rose to 14.2% in 2023, from 8.9% in 2022, the PGCB data showed, while the share of natural gas rose to 55.2% in 2023, the first increase in four years and up from 51% in 2022.
However, natural gas’s share last year was much lower than the average of about 66% in the ten years to 2022 as high international prices for the fuel limited its usage. Dwindling local gas reserves and LNG, mainly from Qatar, are the main gas sources for the country.
Coal and natural gas gained mainly at the expense of liquid fuels such as fuel oil and diesel, whose share in power generation slipped to 20.1% in 2023 from 29.6% in 2022, the data showed.
Bangladesh, home to over 170 million people and the world’s second-largest garments exporter, supplying global retailers including Walmart, H&M and Zara, faced unscheduled power cuts during three out of every four days in 2023.
Overall shortages surged nearly 40% year-on-year to 2.7 billion kWh in 2023, or 2.8% of demand, PGCB data showed, with shortages easing in the second half of the year because of higher coal-fired output.
Along with other major Asian economies India and Vietnam, Bangladesh boosted its use of relatively inexpensive coal to meet it surging power demand growth, which rose over 5% in 2023.
Higher coal-fired generation also put the south Asian nation on track to cut average generation costs for the first time in four years.
The cost of power generation averaged 5.23 Bangladesh Taka (4.78 U.S. cents) per kWh during the 11 months ending November, about 9% lower than in 2022.
Bangladesh, among the top ten economies most dependent on fossil fuels for power generation, hopes to boost its green credentials this year by doubling its solar capacity additions and commissioning a long-delayed nuclear power plant.
However, fossil fuels will continue to dominate power generation in the coming years and renewables are not expected to make up more than 5% of overall output this decade, industry officials say.
Source: Reuters
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Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
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- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Mercator Lines Limited - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Planning Commission, India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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