Indonesia says no new coal plants from 2023 (after the next 100 or so)
JAKARTA — Indonesia says it will stop building new coal-fired power plants after 2023 to meet its carbon-neutral goals — but the more than 100 plants to be built by then will still be churning out CO2 decades after that.
Indonesian utility pledges to stop building coal plants beyond existing pipeline
Indonesia’s biggest utility has pledged to stop building new coal power plants beyond its current pipeline of projects. In a briefing to Indonesian media, Zulkifi Zaini, president of the state-owned electricity company Perusahaan Listrik Negara (PLN), said the company would invest in renewables and aim to become carbon neutral by 2050.
Indonesia’s coal industry is on its last legs
Indonesia’s coal industry is running out of options. The pot of money for coal power is drying up. On Apr 22, South Korea announced it will no longer provide financial support for overseas coal projects. China seems to be the only country willing to provide the immense financial aid that Indonesia’s bloated coal industry needs […]
Oddar Meanchey coal power plant set for next year
A 265MW coal-fired power plant in Oddar Meanchey province is scheduled to begin operations early next year as construction of the plant’s infrastructure and transmission line connecting to East Siem Reap Substation nears completion, according to deputy provincial governor Di Rado.
Asian Development Bank to stop financing coal plants
The Asian Development Bank (ADB) will stop financing new coal power plants under a draft energy policy released Friday, a move that was cautiously welcomed by environmental groups.
Malaysia’s Maybank to stop financing new coal activities
KUALA LUMPUR, May 6 (Reuters) – Malaysia’s Malayan Banking Bhd (Maybank) on Thursday said it will no longer finance new coal activities as part of a five-year strategy that will also see the bank committing 50 billion ringgit ($12 billion) in sustainable financing.
Coal to continue leading power generation in Vietnam over next decade
Coal is set to continue leading power generation in Vietnam over the next decade, says a report. The analysis by data and analytics firm GlobalData shows that coal generation in the Southeast Asian country will reach 177.7 terawatt-hours (TWh) by 2030, providing almost 39% of its total power generation.
Vietnam to cancel coal despite power demand growth
The latest draft of Vietnam’s 8th Power Development Plan (PDP8) shows increased intentions to move away from coal-fired power and toward renewables and natural gas during the next decade, even as the country seeks to keep up with rapid demand growth.
