Soaring global fuel prices: an opportunity for Cambodia?
Cambodia is feeling the squeeze from the soaring global coal and oil prices. Electricity du Cambodge (EDC)would certainly be hurting from this reality, and most likely re-assessing its plans to add more coal power stations.
Philippine banks still enabling coal projects — report
MANILA, Philippines — Six Philippine banks have enabled coal projects by either underwriting or selling bonds meant to finance these developments, a move that goes against some of their commitments to stop coal funding, according to a new report. “Banks have not quit coal despite their coal divestment policies,” energy advocacy and bank watchdog group Withdraw from […]
Indonesia’s Adaro sells coal to European buyers ahead of Russia sanctions
Indonesia’s second biggest coal miner PT Adaro Energy Indonesia Tbk (ADRO.JK) said on Monday it has shipped roughly 300,000 tonnes of coal to some buyers in Europe, where countries are seeking a new source of the fuel due to sanctions on Russia.
As G20 chair, coal-heavy Indonesia sends mixed signals on green transition
Indonesia is using its stint as G20 president to push for more international funding for the green energy transition in developing nations – but analysts say Jakarta needs to back up its calls with more ambitious plans to cut emissions at home.
Coal prices to stabilise
Global coal prices have surged following the Russia-Ukraine war that has caused the power generation industry in Malaysia to be under pressure, said TNB Fuel Services Sdn Bhd (TNBF), Bernama reported. Its head (procurement and supply chain), Abdul Halim Othman said global coal prices are expected to stabilise within six months from March when supply […]
Asia’s US$350 billion gas buildout intensifies clean energy debate; allows the Philippines, Vietnam and China avoid coal energy
MANILA, April 5 (Bloomberg): Asia is pumping billions of dollars into new gas infrastructure, making the region pivotal in a debate over the role of the fossil fuel as the world aims to curb emissions.
Vietnam seeks to import more coal from Australia to avert power shortage
HANOI, April 1 (Reuters) – Vietnam is seeking to import more coal from Australia to ease a shortage of the fossil fuel for electricity production, the Ministry of Industry and Trade said on Friday.
Coal-powered industrial parks test Indonesia’s climate pledges — and China’s too
In February, a Chinese company began building a “power island” project on Indonesia’s Obi Island, five months after President Xi Jinping had announced China would stop building new coal power plants overseas.
Elite power struggle sees Vietnam abandon coal, but leaves collateral damage
Vietnam is a nation of nearly 100 million people, a long, skinny, tropical country stretched along the western side of the South China Sea. For a quarter-century, its economy has been growing at an average annual rate of more than 6 per cent. Investment dollars pour in because multinational corporations have found that Vietnamese workers […]
Indonesian firms sign coal cooperation agreement
Three Indonesian state-owned companies — coal producer Bukit Asam, utility PLN and rail operator Kereta Api Indonesia (KAI) — have signed an interim agreement aimed at strengthening cooperation on the country’s coal supply chain.