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Indonesia still considering coal HBA formula changes

Indonesia’s energy ministry (ESDM) is continuing to study the possibility of revising the formula currently used to calculate the country’s coal HBA reference price, with it aiming to have a new method in place before the end of this year.

PLN, ADB to Plan Early Retirement for Independent Coal Power Plants

TEMPO.CO, Jakarta – PT PLN (Persero) with Asian Development Bank (ADB) plans early retirement of coal power plants through the Energy Transition Mechanism (ETM) scheme. The scheme is adopted to accelerate the energy transition in Indonesia to achieve the net zero emissions (NZE) goal by 2060.

G7+ Raises US$20bn to Help Indonesia’s Coal Plants Retirement Program

TEMPO.CO, Jakarta – A coalition of G7+ members has agreed to help Indonesia fast-track its energy transition program by raising US$20 billion (around Rp311 trillion) over the next three to five years, through Indonesia Just Energy Transition Partnership (JETP). The partnership included efforts to shut down coal-fired power plants early and increase the use of renewable energy sources.

Indonesia, ADB launch first coal power plant retirement deal

Indonesia, the Asian Development Bank (ADB) and a private power firm are teaming up to refinance and retire early the first coal-fired power plant under a groundbreaking new carbon emissions reduction project that moves from concept to reality on Monday.

Korea mulls investment in Cambodian mining sector

South Korea expressed interest in investing in the mining sector in Cambodia and requested Cambodia to launch a more detailed study project on mining potential.

Reversing course, Indonesia conditionally allows new coal-fired power plants

Indonesia is allowing the development of coal-fired power plants for certain projects and under specific conditions, a year after it said it would phase them out to become carbon neutral by 2060.

The Asian Development Bank’s Energy Transition Mechanism

In 2021, the Asian Development Bank (ADB) announced it would no longer finance coal-fired power plants. This announcement was made at a time when other big players, like Japan and South Korea, were making similar commitments. If followed through on, such a change in policy would be a big deal given how much coal is burned in Southeast […]

Vietnam to increase coal imports in 2025-2035 period: Ministry

Vietnam’s coal imports are forecast to rise to meet domestic production demand, according to a draft strategy for developing the coal industry in Vietnam recently introduced by the Ministry of Industry and Trade (MoIT).

Marcos govt keeps ban on new Philippine coal plants

The Philippines’ new government of president Ferdinand Marcos will keep a moratorium on new coal-fired power plants in the country to avoid sending mixed signals to investors.

Vietnam targets higher coal imports as domestic demand climbs

Vietnam has forecast a substantial increase in coal imports over the next 12-15 years, particularly from the power sector, on rising domestic demand, according to a draft strategy for the coal industry from the Ministry of Industry and Trade, or MoIT.