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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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Sunday, 21 February 21
ANZ DIVESTING FROM THE WORLD’S LARGEST COAL EXPORT PORT IS 'PRAGMATISM' - IEEFA
The biggest buyers of Australian thermal coal have committed to net-zero emissions
ANZ, Australia’s third largest bank, has decided to s ...
Sunday, 21 February 21
EDITORIAL: TIME FOR BANGLADESH TO FOCUS ON RENEWABLE ENERGY, NOT COAL - DHAKA TRIBUNE
Shifting away from coal is not only desirable, but absolutely necessary in these times.
In spite of being detrimental to environment ...
Wednesday, 17 February 21
STRANDED ASSETS A LONG-TERM RISK FOR MAJOR FOSSIL FUEL EXPORTERS - FITCH RATINGS
Fossil exporters face a loss of GDP, government revenue and export receipts from the transition to a lower-carbon economy over the coming decades. ...
Friday, 12 February 21
U.S: WIND SURPASSED COAL AS NO. 1 FUEL SOURCE IN 2020 FOR SOUTHWEST POWER POOL - IEEFA
Wind energy growth due to geography, design factors, and new installations
Wind surpassed coal as the primary power generation sourc ...
Wednesday, 10 February 21
FY21 COAL DEMAND MAY BE LOWER THAN PREVIOUSLY ESTIMATED DUE TO COVID-19: PRALHAD JOSHI - PTI
Coal demand in the current fiscal may be lower than the initial estimate of 1,085 million tonnes (MT) due to the impact of COVID-19, Parliament was ...
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- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Australian Coal Association
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- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
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- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
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- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
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- Eastern Energy - Thailand
- Petron Corporation, Philippines
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- International Coal Ventures Pvt Ltd - India
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- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
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- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
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- Price Waterhouse Coopers - Russia
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- Indogreen Group - Indonesia
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- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
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- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
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- Rashtriya Ispat Nigam Limited - India
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- GMR Energy Limited - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
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- Xindia Steels Limited - India
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- Energy Link Ltd, New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
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- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
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- The University of Queensland
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- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
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- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
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- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
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- SMG Consultants - Indonesia
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- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
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