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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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Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
Thursday, 10 June 21
U.S. COAL PRODUCTION TO TOTAL 600 MMST IN 2021, 11% MORE THAN IN 2020 - EIA
EIA expects U.S. coal production to total 600 million short tons (MMst) in 2021, which is 61 MMst (11%) more than in 2020.
The increase is dri ...
Wednesday, 09 June 21
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
The In-Person Maritime Event
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
culminates successfully in Dubai
Press Release: ...
Wednesday, 09 June 21
MARKET INSIGHT - INTERMODAL
“Counter cyclical investments.” usually take place by investing in a “bad” market at the point that ensures that the acquir ...
Saturday, 05 June 21
KOMIPO INVITED 5600 NAR COAL OFFERS FOR THREE YEARS SUPPLY; 520,000 MT PER YEAR
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
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- India Bulls Power Limited - India
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- Economic Council, Georgia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
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- Goldman Sachs - Singapore
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- Siam City Cement PLC, Thailand
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- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
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- The Treasury - Australian Government
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- CIMB Investment Bank - Malaysia
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- Thiess Contractors Indonesia
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- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
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- Toyota Tsusho Corporation, Japan
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- CNBM International Corporation - China
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- Cement Manufacturers Association - India
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- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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- Bangladesh Power Developement Board
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- Merrill Lynch Commodities Europe
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- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
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- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
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- Anglo American - United Kingdom
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
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- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
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- Global Coal Blending Company Limited - Australia
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- Sarangani Energy Corporation, Philippines
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- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
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- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
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- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Australian Coal Association
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- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
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- Ministry of Finance - Indonesia
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- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Independent Power Producers Association of India
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- Chamber of Mines of South Africa
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