RI to find new partners after Air Products backs out from coal downstream project
United States-based chemical industry company Air Products decided to pull out from all coal downstream projects in Indonesia, which include converting coal to dimethyl ether (DME) and coal-to-ethanol gasification projects, Energy and Mineral Resources (ESDM) Ministry said on Thursday.
Vietnam’s energy sector to increase use of coal, gas for electricity
HANOI, March 10 (Xinhua) — Vietnam will ramp up the use of coal and gas sources and mobilize renewable sources to ensure sufficient supply of electricity for the Southeast Asian country as the demand is projected to increase in 2023, local media reported on Thursday.
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 […]
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.
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).