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Thursday, 01 July 21
FIVE ASIAN COUNTRIES ACCOUNT FOR 80% OF NEW COAL POWER INVESTMENT - THE GUARDIAN
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report.
Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new coal plants.
The investments in one of the most environmentally damaging sources of energy could generate a total of 300 gigawatts of energy – enough to power the UK more than three times over – despite calls from climate experts at the UN for all new coal plants to be cancelled.
Catharina Hillenbrand von der Neyen, the author of the report, said: “These last bastions of coal power are swimming against the tide, when renewables offer a cheaper solution that supports global climate targets. Investors should steer clear of new coal projects, many of which are likely to generate negative returns from the outset.”
While Asia continues to plough money into coal plants, countries across the developed world are accelerating plans to phase them out. The UK government has announced plans to bring forward the deadline for coal plants to be decommissioned by one year earlier than planned, to 2024.
The new deadline for coal power, which made up 1.5% of electricity in the last quarter of 2020, received a muted response from green groups because it will force the shutdown of only one coal plant, at Ratcliffe-on-Soar in Nottinghamshire, after the West Burton A power plant shuts in September 2022.
Alok Sharma, the president-designate of the Cop26 UN climate talks in Glasgow later this year, said the government’s “decisive step” would send a “clear signal to friends around the world that clean power is the way forward”.
“The impact of this step will be far greater if we can bring the world with us, and so our desire to support a clean and just energy transition is central to my discussions on the road to Cop26,” he said.
China is the world’s leading coal investor, with plans to increase its existing 1,100-gigawatt fleet of coal-fired power plants by another 187 gigawatts, according to the report. Carbon Tracker claims that solar and windfarms could already generate cheaper electricity than more than 85% of the country’s existing coal plants, and that by 2024 renewable energy will be able to outcompete all coal-fired power.
In India, the world’s second largest coal power generator, and Indonesia, renewable energy will also be able to outcompete coal by 2024, while in Japan and Vietnam coal will be uneconomic compared with renewables by 2022.
Source: The Guardian
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Thursday, 01 July 21
WHY INDIA’S SOLAR POWER TARIFFS ARE CLIMBING AFTER HITTING RECORD LOWS LAST YEAR - IEEFA
What’s behind the recent increase?
Solar tariffs are deflationary. Prices have fallen by 75% in seven years in India, and in 2 ...
Thursday, 01 July 21
END TO COAL POWER BROUGHT FORWARD TO OCTOBER 2024
Press Release: The deadline to phase out coal from Great Britain's energy system has been brought forward by a whole year, highlighting the UK& ...
Thursday, 01 July 21
WHY BUILD 600 NEW UNPROFITABLE COAL PLANTS? - DEUTSCHE WELLE
Governments in Asia are planning 600 new coal plants that could lose investors $150 billion and derail efforts to limit temperature rise in line wi ...
Wednesday, 30 June 21
DELTA DUNIA MAKMUR RECORDED AN IMPROVED REVENUE IN Q1 2021; REVENUE INCREASED BY 49% QOQ TO US$160 MILLION ON THE BACK OF COAL PRICE RECOVERY
PT Delta Dunia Makmur Tbk. (“DOID”) released its consolidated financial and operating results that include its primary and wholly-owned ...
Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the p ...
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- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Australian Coal Association
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
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