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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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Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
Friday, 12 March 21
BATTERIES ARE REPLACING COAL NOT GAS - IEEFA
No amount of government subsidies can halt gas’s decline
Batteries are replacing coal not gas.
Today the early ...
Friday, 12 March 21
RENEWABLES SHOULD BE FOCUS OF VIETNAM’S DRAFT PDP8, NOT COAL AND GAS - IEEFA
Evidence was clear to inform the next stage of Vietnam’s power development
Vietnam’s recently published draft power deve ...
Thursday, 11 March 21
U.S. TO PRODUCE 581 MMST IN 2021, UP 8% FROM 2020 - EIA
EIA expects U.S. coal production to total 581 MMst in 2021, 42 MMst (8%) more than in 2020. In 2022, EIA expects coal production to rise by a furth ...
Thursday, 11 March 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during the first months of 2021, we have come across a new era in which Owners chose the shipyards to repair their ...
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- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- VISA Power Limited - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
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