Semirara suspends coal mining activities
SUSPENDED. Semirara halts coal mining activities due to a mudslide. File photo from AFP MANILA, Philippines – Semirara Mining and Power Corporation (SMPC) suspended all mining activities covered by a particular contract, due to a deadly mudflow incident in Antique last October. In a disclosure to the Philippine Stock Exchange, the Consunji-led mining company said […]
Booming Southeast Asia’s dirty secret: Coal
SINGAPORE — Southeast Asia has one of the fastest-growing economies in the world, but intertwined with that rise is a rare distinction: a shift toward the use of more coal. The Association of Southeast Asian Nations is “the only region in the world where coal is expected to increase its share” of the energy mix, […]
Indonesia plans to keep $70/T coal price cap for PLN, DMO
JAKARTA, Nov 19 (Reuters) – Indonesia’s energy minister Arifin Tasrif said on Tuesday his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT Perusahaan Listrik Negara (PLN) next year. The government capped the price of coal sold to PLN at $70 per tonne from early 2018 after the […]
Vietnam’s coal, crude oil import soar as it benefits from Sino-US trade war
Vietnamese government data released earlier this week had depicted an upbeat portrait of the Southeast nation’s fast-growing economy, as its coal alongside crude oil imports were surged more than anticipated during the first ten months of the year, underscoring the Southeast Asian nation’s growing reliance on imported energy to back its fast-growing economy, as the […]
Vietnam urged to stop building new coal-fired power plants
A halt to investment in new coal-fired power plants is required to check the trend of increasing coal consumption, a report warns. The report, released on Monday by the Ministry of Industry and Trade in collaboration with Denmark’s Energy Agency, said the country needs early action to reduce future coal demand, which could include taxation […]
Vietnam would like to buy coal mines in South Africa
During the visit of the Deputy Prime Minister Vuong Dinh Hue to the Republic of South Africa in early November, Deputy Minister of Industry and Trade Dang Hoang An asked South Africa to clarify the regulations related to allowing the foreign investors, including Vietnamese enterprises to buy coal mines in this country. Talking with the […]
Vietnam’s coal, crude oil imports surge on rising energy demand
HANOI (Reuters) – Vietnam’s coal and crude oil imports surged in the first ten months of this year, government data released on Tuesday showed, highlighting the Southeast Asian country’s increasing reliance on imported energy to support its fast-growing economy. Vietnam has one of the fastest-growing economies in Asia, backed by robust exports and foreign investment. […]
Southeast Asia turning away from coal power
New coal power capacity has fallen sharply in the region as renewables become more competitive, finds report Wind and solar power plant, Ilocos Norte, Philippines (Source: Veejay Villafranca / Greenpeace) Countries in Southeast Asia are building fewer coal-fired plants than expected as lenders distance themselves from the polluting technology. A new report from Global Energy Monitor (GEM) […]
Asia must quit ‘coal addiction’: UN chief
The UN chief on Saturday warned Asia to quit its “addiction” to coal, as climate change threatens hundreds of millions of people vulnerable to rising sea levels across the region. The warning follows fresh research this week predicting that several Asian megacities, including Bangkok, Ho Chi Minh City and Mumbai, are at risk of extreme […]
Renewable Energy Boom Can’t Dim Coal Outlook in Southeast Asia
There’s just no stopping coal in Southeast Asia. Surging investments in wind and solar energy won’t be enough to shake the fuel’s dominance in the region for decades to come, according to the International Energy Agency. Coal demand is expected to double to almost 400 million tons a year by 2040, the agency said in […]