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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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- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
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