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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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Tuesday, 22 December 20
SOUTHEAST ASIA'S COAL DEMAND IS SET TO EXPAND AFTER THE PANDEMIC-INDUCED HIATUS IN 2020 - IEA
Coal consumption in Southeast Asia has more than doubled in the last decade, with the largest growth in Indonesia and Viet Nam, followed by Malaysi ...
Tuesday, 22 December 20
COAL DEMAND IS RISING QUICKLY IN PAKISTAN AND MORE SLOWLY IN BANGLADESH - IEA
Pakistan had 150 MW of installed coal power capacity in 2015. Since 2017, in addition to a few small plants for industry, Pakistan has commissioned ...
Tuesday, 22 December 20
AFRICA PERSPECTIVE INDICATES NO MAJOR SHIFTS FOR COAL CONSUMPTION - IEA
Overall countries on the African continent consumed 197 Mt of coal in 2019, 12 Mt less (-6%) than 2018.
South Africa, the continent& ...
Monday, 21 December 20
COAL PRICES WITHSTAND DESPITE COVID-19 AND CHINESE IMPORT QUOTAS - IEA
Coal prices vary by region as well as by grade and quality. The price rebound starting in 2016 ended in 2018, moving in a downward trend in 2019. A ...
Monday, 21 December 20
COAL'S PARTIAL RECOVERY IS SET TO FADE AFTER 2021 - IEA
Global coal consumption is estimated to have fallen by 7%, or over 500 million tonnes, between 2018 in 2020. A decline of this size over a two-year ...
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- Thiess Contractors Indonesia
- MS Steel International - UAE
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
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- Orica Mining Services - Indonesia
- Central Electricity Authority - India
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- Bangladesh Power Developement Board
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- Romanian Commodities Exchange
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- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
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- Maharashtra Electricity Regulatory Commission - India
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- Energy Development Corp, Philippines
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- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
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- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
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- Australian Commodity Traders Exchange
- Bhatia International Limited - India
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- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
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- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
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