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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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Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.
The country produced 380 million tonnes of raw ...
Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...
Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...
Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...
Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
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Showing 101 to 105 news of total 6871 |
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- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
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- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
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- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
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- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Goldman Sachs - Singapore
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Mintek Dendrill Indonesia
- White Energy Company Limited
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- The University of Queensland
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
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- Jaiprakash Power Ventures ltd
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- Bahari Cakrawala Sebuku - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
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- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
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- Kideco Jaya Agung - Indonesia
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- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
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