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Philippine senator urges action to cut coal use

  • : Coal
  • 24/07/18

The Philippines needs to reduce its reliance on coal-fired power generation by enhancing the use of renewables, according to the chairman of the Senate committee on energy Win Gatchalian.

Gatchalian called for firm energy transition measures, emphasising the importance of a proper plan for wider use of renewable energy and lower electricity prices. He believes an energy transition plan would help accelerate the use of renewable energy sources and reduce energy prices and vulnerability to global events. The average generation cost of coal-fired power by utility Manila Electric was 7.40 pesos/kWh ($0.13/kWh), while the cost for solar power generation is 44pc lower at Ps4.18/kWh, Gatchalian said.

Gatchalian had earlier proposed legislation in the Senate, the Energy Transition Act, which plans to phase out fossil fuel plants and achieve net zero emissions by 2050.

The Philippines has surpassed Indonesia and China on coal-fired power generation reliance with a 61.9pc share in its 2023 generation, Gatchalian said, citing energy think-tank Ember.Its coal-fired generation was 16.7TWh over January-March this year, up by 8.4pc from 15.4TWh a year earlier, according to data from National Grid Corporation of the Philippines.

The Philippines' thermal coal imports reached an all-time monthly high in May as heatwaves spurred power demand and coal consumption at utilities.


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Turkish lira at all-time low against dollar


25/03/19
25/03/19

Turkish lira at all-time low against dollar

London, 19 March (Argus) — Turkey's lira currency fell to record lows against the US dollar today, after the arrest of Istanbul's mayor provoked concern about instability. The depreciation could cause imports of dollar-denominated commodities to become more expensive, although reaction was mixed across markets. The lira went as low at 40/$1 in early trading, from below 37/$1 on Tuesday 18 March, before easing to around 38/$1 later in the day. The lira has been slowly depreciating against the dollar for many years, but the sharp fall today came after Ekrem Imamoglu, one of President Recep Tayyip Erdogan's main political rivals, was held on suspicion of corruption and aiding a terrorist organisation. Turkey is a significant importer of natural gas, crude and LPG, as well as coal and petcoke, although demand for many commodities will be muted currently because of the Islamic fasting month of Ramadan. Early indications from the coal and petcoke markets were that all import trades had halted as the lira hit the record low. In polymers markets the focus is on whether demand recovers after Ramadan ends on 30 March. But a trading source in Turkey said the fall is not enough for "massive changes" to imports of oil products. The OECD forecasts headline inflation in Turkey at 31.4pc this year, the highest among its members, easing to 17.3pc in 2026. The IMF has forecast Turkey's economy will grow by 2.6pc this year, after an expansion of 2.7pc in 2024. By Ben Winkley, Aydin Calik, Joseph Clarke, Amaar Khan and Dila Odluyurt Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Indonesian coal producers wary of proposed royalty hike


25/03/19
25/03/19

Indonesian coal producers wary of proposed royalty hike

Manila, 19 March (Argus) — Indonesian coal producers have raised concerns on a proposed royalty hike by the country's ministry of energy and mineral resources (ESDM). The proposal is ill-timed given an extended sluggishness in coal prices and the impact of recent government regulations, the Indonesian Mining Association (IMA) said. The industry is still navigating the regulatory changes announced in February and a higher royalty will impact revenues, IMA said. Exporters of national resources, including coal but excluding oil and gas, are required to place 100pc of the foreign currency proceeds into a special deposit account of a national bank for at least 12 months, starting on 1 March. This marks a significant increase compared with the initial regulation, which required exporters to place only 30pc of the foreign currency proceeds onshore for three months. Jakarta also approved a decision in February to link coal exports to HBA , a government set reference price, starting from 1 March. Coal prices have been steadily declining since 2024, which has significantly pressured margins, prompting many producers to keep output flat in 2025 and focus on ways to increase efficiency and reduce costs. A higher royalty could lead to lower coal production, IMA said. Coal producers prepare their Work Plan and Budget (RKAB) based on current coal royalty rates, it said. A change in royalty might necessitate a review of these plans since the validity period for the RKAB is three years. The ESDM first announced its plans to increase royalty rates in the first half of March. Coal royalties could be increased by 1 percentage point for producers holding business permits (IUP) for GAR 5,200 kcal/kg or lower coal products when the HBA is at or above $90/t. This would result in GAR 4,200 kcal/kg or lower coal having a new royalty rate of 9pc from the current 8pc. Coal with a higher calorific value (CV) than GAR 4,200 kcal/kg up to GAR 5,200 kcal/kg would have a new royalty rate of 11.5pc, up from 10.5pc. Royalties from coal with a higher CV than GAR 5,200 kcal/kg would remain unchanged at 13.5pc under the proposed revision. Coal Contract of Work (PKP2B) holders will retain their 13.5pc total tariff rate across all coal grades, as the 1 percentage point increase in royalty rates will be offset by a 1 percentage point decrease in mining receipt shares, the ESDM said. The increase was proposed to raise non-tax state revenue collections from the mining industry. By Antonio delos Reyes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australia's New Hope boosts coal output in Aug-Jan


25/03/18
25/03/18

Australia's New Hope boosts coal output in Aug-Jan

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Indonesia’s RMK raises 2024 coal loading, sales volumes


25/03/17
25/03/17

Indonesia’s RMK raises 2024 coal loading, sales volumes

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