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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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Friday, 15 January 21
OVER US$50 BILLION IN GAS POWER PROJECTS AND LNG IMPORT FACILITIES AT RISK OF CANCELLATION IN BANGLADESH, PAKISTAN AND VIETNAM - IEEFA
Pakistan and Bangladesh have already cancelled tenders for LNG imports
Emerging markets such as Vietnam, Pakistan and Bangladesh tha ...
Friday, 15 January 21
VIETNAM'S EXTRAORDINARY ROOFTOP SOLAR SUCCESS DEALS ANOTHER BLOW TO THE REMAINING COAL PIPELINE - IEEFA
9.3 gigawatts peak of solar capacity, equal to 6 coal power plants, installed in less than a year
Vietnam’s solar power indust ...
Friday, 15 January 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
COALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin ...
Wednesday, 13 January 21
CHINA THERMAL GENCO PROFITS FACE PRESSURE AMID POWER SHORTAGES - FITHCH WIRE
High coal and gas prices will put near-term pressure on margins for thermal power generators in China, says Fitch Ratings. However, the power short ...
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- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- PTC India Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- The University of Queensland
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
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