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Coal shortage could sap Vietnam’s energy

A serious coal shortage is threatening Vietnam’s power production plans even as the nation’s demand for energy rises. Le Duy Hanh, chairman of the Quang Ninh Thermal Power Company (TPC Quang Ninh), said they have shut down two out of four turbines since November 17 due to a lack of coal. He told VnExpress that […]

Vietnam’s power sector needs $150 bln boost by 2030 -World Bank official

HANOI, Nov 27 (Reuters) – Power-hungry Vietnam, one of Asia’s fastest-growing economies and a production hub for global companies such as Samsung Electronics, needs to raise up to $150 billion by 2030 to develop its energy sector, according to a World Bank official. Vietnam has been struggling to develop its energy industry due to a […]

Coal to remain king in Indonesia, for now

Indonesia’s consumption of domestic coal for power generation will almost double from 84 million t in 2018 to 157 million t by 2027. This increases power generation’s share of domestic consumption from 18.5% to 33.6%, which is likely to displace export tonnage. Another factor contributing to the higher coal consumption is that Indonesia’s new power […]

Activists urge end to South Korean funding of Indonesia coal plants

Activists in Indonesia have called on three South Korean financial institutions to withdraw their funding for new coal-fired power plants to be built in Java. The plants will be part of a complex that is already the biggest polluter in Southeast Asia, whose proximity to the metropolis of Jakarta could put the health of 30 […]

Indonesia plans to revise rules on coal contract extensions under CCOW

Reuters citing, an official at the ministry as saying that Indonesia’s Energy and Mineral Resources Ministry plans to revise rules on mining rights held by miners under Coal Contract of Work (CCOW). Under proposed changes, miners can apply for extensions to mining rights between five years and one year before contracts expire. Existing rules only […]

Indonesia expects trend of higher coal prices to extend until end-2018

Coal production has already hit 48.5 million tonnes or 9% of national production in 2018. Indonesia is expecting the upward trend of coal prices to continue until the end of the year on the back of increased global demand for the commodity, Antara News reports. According to Rendra Prasetya Kiswono of the Coordination Function Analysis […]

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 […]

Renewables edging out coal in South-East Asia

[MANILA] Within a decade, Indonesia, the Philippines and Vietnam will find it cheaper to create new solar cell capacity than keep existing coal-fired power plants running to generate electricity, says a new report. Power generation from renewable sources is crucial to meeting the key goal of the 2015 Paris Agreement to maintain global average temperature rise […]

Pertamina, Bukit Asam ink coal gasification deal in US

State-owned energy holding company Pertamina and state-owned coal mining firm PT Bukit Asam (PTBA) have inked a partnership with chemical company Air Products and Chemicals Inc. on coal gasification. Under the agreement, the United States-based company would build a facility to produce coal derivative products, like dimethylether (DME) and synthetic natural gas (SNG) at the […]

Geo Energy inks coal off take, equity investment with Australia’s Macquarie Bank

INDONESIAN coal miner Geo Energy Resources has scored a three-in-one with Australia’s Macquarie Bank that will see the Singapore-listed firm secure more than US$75 million in fresh funds by way of a pre-payment for a coal offtake deal for its mine and proposed equity investment alongside a trade finance facility for which the sum was […]