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Tuesday, 03 October 17
VIETNAM'S COAL-FIRED THERMAL POWER DEPENDENT ON CHINA - VIETNAMNET BRIDGE
Coal ExcavatorA report from the Green Innovation and Development Centre (GreenID) showed that, as of the end of last year, of 27 coal-fired thermopower plants, 14 had been built by Chinese EPC contractors.

The capital for the plants, about $8 billion, or 50 percent of total foreign capital flowing into coal-fired thermal power, is from China.

Also according to GreenID, 11 large-scale projects capitalized at billions of dollars and implemented under the BOT mode are Chinese invested. These include the $1.755 billion Vinh Tan 1 plant in Binh Thuan province invested by two Chinese enterprises which hold 95 percent of capital. The capital for the project, $1.4 billion, is provided by five Chinese banks.

The Hai Duong plant was initially registered by Jaks Resources Bhd from Malaysia, but it later transferred a 50 percent stake to Chinese CPECC Group.

Duyen Hai 2, 1,200 MW, is capitalized at $2.2 billion and invested by Malaysian JanaKuasa. Huadian Engineering from China is the EPC contractor.

The Chinese are also the investors of many other projects, though they don’t hold a controlling stake in other projects. Mong Duong 2 plant in Quang Ninh province, $2.1 billion, 1,240 MW, for example, has three investors, the US-based AES Group which holds a 51 percent stake and Posco Energy from South Korea which holds 30 percent and CIC from China 19 percent.

Experts also pointed out that Vietnam’s thermal power plants have become more dependent on coal imports. Under the seventh power development master plan, Vietnam would have to import 50 million tons of coal by 2020 and 80 million tons by 2030. The plants about to be built including Vung Ang, Vinh Tan and Duyen Hai would have to run with imported coal as domestic coal is unsuitable.

According to GDC, Vietnam imported 4.6 million tons of coal in the first four months of the year, mostly from Indonesia and Australia, worth $500 million. Experts estimated that Vietnam would need 130-150 tons of coal to generate electricity by 2030, while domestic sources can satisfy 30-40 percent of the demand.

Vietnam is dependent on both investors and input materials when developing coal-fired thermal power plants, which experts consider a high risk for national energy security.

Vu Dinh Anh, a renowned economist, warned that coal-fired BOT projects may turn into the landing field for outdated Chinese technology.

Meanwhile, Le Dang Doanh, also a respected economist, pointed out that the power demand in Vietnam has been increasing rapidly because it has been developing the electricity consuming industries such as cement and steel.
Source: Vietnamnet Bridge


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Monday, 14 August 17
IN A PARIS AGREEMENT WORLD, COAL WILL MEET GROWING ASIAN ENERGY NEEDS - BENJAMIN SPORTON
When providing 41% of the world’s electricity, 85% of global cement, 74% of the world’s steel and 60% of the world’s aluminum, co ...


Friday, 11 August 17
KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,280,000 Metric Tons of Bitumino ...


Friday, 11 August 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 16.1 million short tonn ...


Thursday, 10 August 17
GLOBAL COAL PRODUCTION FELL SIGNIFICANTLY IN 2016 - IEA
COALspot.com: Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in Wor ...


Thursday, 10 August 17
ANOTHER ACTIVE WEEK FOR THE PANAMAXES WITH INCREASING RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax Both basins have remained fairly flat, could say slightly to the negative. A quiet start of the week in the Pacific with holidays in Sin ...


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