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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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Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
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- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
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- Neyveli Lignite Corporation Ltd, - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- The University of Queensland
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
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- Ministry of Finance - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
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