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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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Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
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- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Planning Commission, India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- The University of Queensland
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
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