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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Raphael Lotilla said.
Lotilla made this comment during the Power Summit 2024, organized by the Philippine Chamber of Commerce and Industry.
‘’We do not set aside our responsibility to ensure adequate base load capacities in conjunction with our push to increase (renewable energy) share in the power mix,” he said.
The Philippines has over 6,300 megawatts (MW) of dependable coal capacity aged 10 years or younger, which can operate for at least another 30 years, Department of Energy (DOE) data showed.
More than 4,700 MW of dependable coal capacities are between 11 and 30 years old, while 592 MW are 36 years and older.
“We are prepared for the various scenarios of the energy transition, and the relatively young age of these coal plants helps ensure that we will have enough base load capacity through 2030,” Lotilla said.
He emphasized that maximizing the utilization of these existing energy facilities would avoid placing an added cost burden on both the economy and consumers.
According to the energy chief, the country’s economy is over dependent on imported coal, noting that 83 percent of the country’ coal supply was imported last year.
This, he said, has exposed the vulnerability of the Philippines and “started a mad scramble for alternative sources.”
“Our indigenous coal, which has a lower calorific content, cannot meet the requirements of our coal-fired power plants,” he said.
Lotilla also underscored the need to diversify electricity sources, particularly indigenous ones, to ensure the country’s energy security and sustainability.
“While there is an existing moratorium on building coal-fired power plants, there are also exemptions for committed, indicative and expansion plans,” he said.
He said that it was not the moratorium that discouraged the development of coal plants but the market itself.
“The scarcity of financing, higher insurance costs and the risks of carbon taxes and carbon pricing have deterred new coal projects,” Lotilla added.
The DOE has implemented a coal moratorium since October 2020, barring the processing of applications for greenfield coal-fired power generation facility projects requesting endorsements.
Source: Philstar Global
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Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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 ...
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- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
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