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Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing international concern about climate change, Nikkei has learned.
The project is separate from the Vung Ang 2 coal power plant, which the governments of Japan and Vietnam are pursuing together. Environmental activist Greta Thunberg has called for the cancellation of Vung Ang 2.
Vinh Tan 3, planned for Binh Thuan Province in southern Vietnam, is scheduled to come online in 2024. The 2-gigawatt plant is expected to feature cutting-edge ultra-supercritical technology.
OneEnergy, a joint venture of Mitsubishi and Hong Kong’s CLP group, holds a 49% interest in the $2 billion project. State-owned Electricity of Vietnam owns another 29%. Chinese companies are handling materials procurement, construction and equipment delivery. The banking consortium behind Vinh Tan 3 includes Industrial and Commercial Bank of China. Standard Chartered and HSBC have pulled financing from the power plant.
Unlike Vung Ang 2, Vinh Tan 3 is not a national project, and the start date for construction has already been delayed, making it easier to bow out.
This marks Mitsubishi’s first time withdrawing from a coal plant project. The trading house has said it will not build any new facilities of this type after Vung Ang 2. It plans to contribute to development on power projects that are less harmful to the environment, including liquefied natural gas and renewables such as solar.
Source: Nikkei Asia
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Monday, 29 March 21
MOODY'S: OUTLOOK FOR GLOBAL METALS AND MINING INDUSTRY TURNS POSITIVE ON HIGHER EBITDA IN PANDEMIC'S WAKE
- Demand for steel, iron ore and copper will rise, while aluminum, nickel and zinc will remain in surplus
- EBITDA is expected to ...
Thursday, 25 March 21
'OMNIBUS LAW' REGULATION ON INDONESIA’S ENERGY AND MINING SECTORS TO BOOST COAL PROCESSING BUT ALSO RAISES QUESTIONS - ABNR
February 2021 saw the issuance of a raft of new government regulations to give effect to the reformist Job Creation Law (colloquially known as the ...
Thursday, 25 March 21
PROPOSED SWITCH FROM COAL TO LNG THREATENS RENEWABLE ENERGY DEVELOPMENT IN ASIA - IEEFA
Renewables offer an ever cheaper, financially sustainable and energy secure alternative, better able to support developing nations
A ...
Thursday, 25 March 21
MAJOR INVESTMENT ADVISORS BLACKROCK AND MEKETA PROVIDE A FIDUCIARY PATH THROUGH THE ENERGY TRANSITION - IEEFA
BlackRock and Meketa say divestment from fossil fuels improves, not weakens, investment returns
Two major financial management firms ...
Thursday, 25 March 21
EUROPE PASSES MILESTONE WITH HALF OF COAL PLANTS CLOSED OR SET TO RETIRE BY 2030 - EURACTIV
Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) ...
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- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- The University of Queensland
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
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