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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
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