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Thursday, 01 July 21
FIVE ASIAN COUNTRIES ACCOUNT FOR 80% OF NEW COAL POWER INVESTMENT - THE GUARDIAN
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report.
Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new coal plants.
The investments in one of the most environmentally damaging sources of energy could generate a total of 300 gigawatts of energy – enough to power the UK more than three times over – despite calls from climate experts at the UN for all new coal plants to be cancelled.
Catharina Hillenbrand von der Neyen, the author of the report, said: “These last bastions of coal power are swimming against the tide, when renewables offer a cheaper solution that supports global climate targets. Investors should steer clear of new coal projects, many of which are likely to generate negative returns from the outset.”
While Asia continues to plough money into coal plants, countries across the developed world are accelerating plans to phase them out. The UK government has announced plans to bring forward the deadline for coal plants to be decommissioned by one year earlier than planned, to 2024.
The new deadline for coal power, which made up 1.5% of electricity in the last quarter of 2020, received a muted response from green groups because it will force the shutdown of only one coal plant, at Ratcliffe-on-Soar in Nottinghamshire, after the West Burton A power plant shuts in September 2022.
Alok Sharma, the president-designate of the Cop26 UN climate talks in Glasgow later this year, said the government’s “decisive step” would send a “clear signal to friends around the world that clean power is the way forward”.
“The impact of this step will be far greater if we can bring the world with us, and so our desire to support a clean and just energy transition is central to my discussions on the road to Cop26,” he said.
China is the world’s leading coal investor, with plans to increase its existing 1,100-gigawatt fleet of coal-fired power plants by another 187 gigawatts, according to the report. Carbon Tracker claims that solar and windfarms could already generate cheaper electricity than more than 85% of the country’s existing coal plants, and that by 2024 renewable energy will be able to outcompete all coal-fired power.
In India, the world’s second largest coal power generator, and Indonesia, renewable energy will also be able to outcompete coal by 2024, while in Japan and Vietnam coal will be uneconomic compared with renewables by 2022.
Source: The Guardian
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Friday, 04 June 21
NEW COAL-FIRED POWER PLANTS IN INDIA WILL BE ECONOMICALLY UNVIABLE - IEEFA
Coal capacity additions face major stranded asset risk
Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under co ...
Thursday, 03 June 21
JUNE HBA IS HITTING ABOVE $100 AND SETTLED AT ITS HIGHEST SINCE OCTOBER 2020
COALspot.com: The Indonesia coal price reference for June 2021 settles at US$ 100.33 per ton FOB vessel.
The Indonesia coal pr ...
Wednesday, 02 June 21
INDONESIA RV WAS DOWN TO LOW/MID $20,000S DAY FOR PANAMAX/KAMSARMAX WITH DELIVERY S CHINA - BANCHERO COSTA
Panamax
A softening week in the Pacific basin with rates under a downward pressure mainly caused by the oversupply of tonnage in the area, said ...
Wednesday, 02 June 21
EUROPEAN UNION'S IRON ORE IMPORTS - BANCHERO COSTA
The European Union (27) is currently the fourth largest importer of iron ore in the world, after China, Japan, and South Korea.
Euro ...
Tuesday, 01 June 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.02 PCT - XINHUA
China Taiyuan coal transaction price index stood at 160.06 points Monday, down 0.02 percent week on week.
The index, released by Chi ...
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- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
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