JBIC signs deal to finance coal-fired power project in Vietnam
The Japan Bank for International Cooperation has signed a loan agreement with Vung Ang 2 Thermal Power Limited Liability Company (VAPCO) for the construction of a coal-fired power plant in Vietnam. The project financing amounting to US$636 million is being provided under JBIC’s Growth Investment Facility.
Coal to remain king in Philippines’ energy mix despite ban — Fitch unit
MANILA, Philippines — Coal will remain the Philippines’ top power source over the coming decade despite a recent government ban on coal-powered generators, the impact of which will likely be felt only on a much longer term, a Fitch unit said.
2020: a dismal year for coal power
Plans for expansion in South and Southeast Asia were finally re-evaluated, with little prospect for a revival this year
Gov’t stance on coal deemed unclear
More than two months after the Department of Energy (DOE) announced a moratorium on new coal-fired projects, the government has yet to spell out this new policy that environment advocates have welcomed.Meanwhile, private firms are firming up commitments to ditch coal eventually, but the same environmentalists profess the same impatience on the slowness of divestment […]
Minister: National Mineral Industry Transformation Plan 2020-2030 to be launched in Jan 2021
KUALA LUMPUR, Dec 22 ― The National Mineral Industry Transformation Plan 2020-2030 is expected to be launched in early January (2021) to strengthen the development of the country’s mineral industry which is currently valued at an estimated RM4.11 trillion.
Market for coal remains vibrant in Philippines
The market for coal—the trading and use of the fossil fuel—continues to be vibrant in the Philippines despite global efforts to reduce carbon dioxide emission and the government’s recent announcement of a moratorium on new coal projects.
Indonesia sees decreased investment in energy, mining
Indonesia has attracted an estimated 22.33 billion USD in investment in energy and mining in 2020, lower than 31.9 billion USD recorded last year and the target of 36 billion USD set for 2020, according to Ministry of Environment and Mineral Resources (EMR).
TNB says coal-fired power plant revenue will not exceed 20% by 2030 on cleaner-energy transition
KUALA LUMPUR (Dec 15): Tenaga Nasional Bhd (TNB) said its major coal-fired power plants’ power purchase agreements are expiring “with no like-to-like replacement” and that the government-controlled utility’s coal-fired power plant revenue contribution will not exceed 20% of total group revenue by 2030 in line with the company’s transition to cleaner and sustainable energy.
