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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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Thursday, 22 December 22
CHINA TIGHTENS VERIFICATION OF SHIPS’ ENERGY CONSUMPTION DATA - GARD
From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in accordance with the requirements of their Ship E ...
Thursday, 22 December 22
AN OVERVIEW OF THE LNG MARKET - VESSELSVALUE
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, ...
Thursday, 22 December 22
COKING COAL SLUMPS AS TALKS ON AUSTRALIA-CHINA TRADE RIFT LOOM - REUTERS
Chinese coking coal futures dropped more than 3 per cent on Tuesday (Dec 20), extending losses, as supply of the steelmaking input might increase i ...
Thursday, 22 December 22
COAL AND GAS PRICE CAPS MAY COMPOUND POLITICAL RISK FOR AUSTRALIAN CORPORATES - FITCH RATINGS
Australia’s introduction of temporary price caps on domestic sales of gas and coal used for electricity generation will probably have limited ...
Monday, 19 December 22
ENERGY CRISIS FUELS COAL COMEBACK IN GERMANY - REUTERS
Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it through an energy crisis.
...
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- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
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