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Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing international concern about climate change, Nikkei has learned.
The project is separate from the Vung Ang 2 coal power plant, which the governments of Japan and Vietnam are pursuing together. Environmental activist Greta Thunberg has called for the cancellation of Vung Ang 2.
Vinh Tan 3, planned for Binh Thuan Province in southern Vietnam, is scheduled to come online in 2024. The 2-gigawatt plant is expected to feature cutting-edge ultra-supercritical technology.
OneEnergy, a joint venture of Mitsubishi and Hong Kong’s CLP group, holds a 49% interest in the $2 billion project. State-owned Electricity of Vietnam owns another 29%. Chinese companies are handling materials procurement, construction and equipment delivery. The banking consortium behind Vinh Tan 3 includes Industrial and Commercial Bank of China. Standard Chartered and HSBC have pulled financing from the power plant.
Unlike Vung Ang 2, Vinh Tan 3 is not a national project, and the start date for construction has already been delayed, making it easier to bow out.
This marks Mitsubishi’s first time withdrawing from a coal plant project. The trading house has said it will not build any new facilities of this type after Vung Ang 2. It plans to contribute to development on power projects that are less harmful to the environment, including liquefied natural gas and renewables such as solar.
Source: Nikkei Asia
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Monday, 09 August 21
AIIB MAY OFFICIALLY END COAL FINANCING IN 2022 - CHINA DAILY
The Asian Infrastructure Investment Bank may officially rule out coal projects if it updates its energy strategy next year, after shunning funding ...
Monday, 09 August 21
CHINA COAL INVENTORY THINS AMID PEAK POWER DEMAND- STATE MEDIA : REUTERS
China’s coal inventories have dropped to near historic lows since August due to peak summer electricity demand and transportation bottlenecks ...
Wednesday, 04 August 21
THE INDONESIAN COAL PRICE REFERENCE SURGED TO A FRESH RECORD HIGH OF USD 130.99 A TON IN AUGUST 2021
COALspot.com: The Indonesian Coal Price Reference ( HBA) surged to a fresh record high of USD 130.99 a ton in August 2021.
The ...
Wednesday, 04 August 21
MARKET INSIGHT - INTERMODAL
Unlike the Dry Bulk and Container sectors where freight rates have surged into 2021, the tankers market continues to experience lackluster earnings ...
Sunday, 01 August 21
SEABORNE HARD COAL TRADE IN 2020 DECREASED BY 149 MILLION MT, OR 12.1%, TO 1,083 MILLION MT - GERMAN COAL IMPORTERS ASSOCIATION
- Reduced coal-fired power plant fleet secures Germany’s power supply in severe winter of 2020/2021; little wind availability and hence stron ...
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- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
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