StanChart exits three Southeast Asia coal plants worth estimated $7 billion
SINGAPORE (Reuters) – Standard Chartered (STAN.L) has pulled financing for three coal-fired power plants in Southeast Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated $7 billion and piling pressure on the coal industry.
Steady coal demand buoys Banpu sales, profit
BANPU PUBLIC Company Limited recently announced total sales revenue of US$965 million (approximately Bt31.81 billion) for the year’s third quarter, a big jump from the $245 million for the same period last year. A leading integrated energy solution company in Asia-Pacific, Banpu saw $310 million in EBITDA (earnings before interest, tax, depreciation and amortisation), an […]
Strong Chinese Thermal Coal Imports to Benefit Indonesian Miners in the Near Term
Fitch Ratings-Shanghai/Singapore-28 January 2021: China’s thermal coal imports are likely to remain strong ahead of the Chinese New Year in mid-February on robust demand, high utilisation at domestic suppliers and exceptionally high local prices, says Fitch Ratings. Indonesian coal miners are benefitting as the country is the biggest exporter of thermal coal to China. This […]
Sumitomo begins construction on 1.3GW coal-fired power plant in Vietnam
Sumitomo has started construction of the 1.3GW Van Phong 1 coal-fired power project in the Van Phong Special Economic Zone in Vietnam’s Khanh Hoa Province. The company is involved in the power project through its wholly-owned subsidiary Van Phong Power Company. The coal-fired Van Phong 1 power plant will include two 660MW power-generating units and […]
Survey: Less coal, more solar, say citizens of Belt & Road countries
JAKARTA — Citizens of countries participating in China’s Belt and Road Initiative, or BRI, strongly prefer clean energy over the coal projects that have become Beijing’s calling card, a new survey shows. The findings, from a multi-country survey, commissioned by environmental group E3G, were published ahead of an international forum hosted in Beijing for leaders […]
Technologies crucial to curbing emissions from coal combustion: workshop
HÀ NỘI — The 14th Multi-Pollutant Emissions from Coal Workshop, held in Hà Nội on Monday, gathered international experts, scientists and policy makers, who stressed the significance of advanced technologies to control mercury and multi-pollutant emissions from coal combustion. At the event, organised by the Clean Coal Centre under the International Energy Agency (IEA) in collaboration […]
Thailand ‘unlikely’ to meet energy goal
Thailand is not moving away from the use of coal power fast enough, Greenpeace has claimed, insisting that the transformation towards clean energy must start now if climate change is to be averted on the road towards a target of net zero greenhouse gas emissions by 2050.
Thailand Boosts Imports of Russian Coal In January-May
Argus, citing market participants, reported that Thailand’s imports of Russian coal almost tripled on the year in January-May to 498,000 tonne from 164,000 tonne And Russian shipments to Thailand are expected to keep rising because of competitive prices. Russia became the third-largest coal supplier to Thailand this year, with its share of imports rising by […]
Thailand PTT Group exits coal mining business with a nine-figure
Thai oil and gas conglomerate, PTT Group’s board of directors gave the go-ahead for PTT Mining of Hong Kong (PTTML), a coal mining business, to be transferred to Indonesia-based PT Astrindo Nusantara Infrastruktur Tbk (Astrindo).
Thailand’s EGATi builds $2.37-bln coal-fired power plant in Vietnam
HANOI, Nov 22 (Reuters) – Thailand’s EGAT International Co started construction on Friday of a 55 trillion dong ($2.37 billion) coal-fired power plant in central Vietnam, Vietnamese state media reported. The 1,320-megawatt Quang Tri 1 plant is being built in Quang Tri province, reported Vietnam News Agency. EGAT International is a wholly owned subsidiary of […]