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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 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
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- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- The University of Queensland
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- White Energy Company Limited
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
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