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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, 27 May 21
CHINA POWER DEMAND EXCEEDS PRE-COVID-19 LEVELS; THERMAL OUTPUT STRONG - FITCH RATINGS
Rising Consumption: Total power consumption rose by 21.2% yoy to 1,921.9GWh in 1Q21 due to the fast recovery of China’s economy, after a drop ...
Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from the ...
Wednesday, 26 May 21
THE INDONESIA COAL PRICE REFERENCE FOR MAY 2021 SETTLES AT US$ 89.74 PER TON
COALspot.com: The Indonesia coal price reference for May 2021 settles at US$ 89.74 per ton FOB vessel.
The Indonesia coal pric ...
Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of un ...
Wednesday, 26 May 21
NEW POWER AND ENERGY MASTER PLAN MUST BE DESIGNED IN BANGLADESH'S BEST INTERESTS, NOT JAPAN'S - IEEFA
JICA must deliver a low or zero emissions plan as promised, not fund Matarbari 2 coal plant
Clear understandings from the Bangladesh ...
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- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- PTC India Limited - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
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