Energy News From Asia
(EnergyAsia, February 15 2012, Wednesday) — Australia’s Environmental Clean Technologies (ECT) Limited said it has signed a Memorandum of Understanding (MoU) giving K-Coal Co Ltd exclusive sales and marketing rights for its Coldry technology in South Korea. ECT chairman and managing director Michael Davies said K-Coal, a member of the S&J Group, is well positioned (more…)
(EnergyAsia, February 15 2012, Wednesday) — Canadian mining firm SouthGobi Resources said it has commissioned and started-up a dry coal-handling plant at its Ovoot Tolgoi coal mine in southern Mongolia. With an annual capacity to process nine million tonnes of run-of-mine coal, the plant includes a 300-tonne-capacity dump hopper, which will receive ROM coal to (more…)
(EnergyAsia, February 15 2012, Wednesday) — Toshiba JSW Turbine and Generator Pvt Ltd, a 75/25 joint venture between Japan’s Toshiba Corporation and India’s JSW Group, have started up its plant to manufacture super critical steam turbines and generators in the Indian city of Chennai. The plant will produce high-efficiency steam turbines and generators for super (more…)
(EnergyAsia, February 15 2012, Wednesday) — Adani Power’s first quarterly loss reflects the growing threat of increasingly scarce and costly coal supply to India’s power-short economy. With coal generating more than 60% of the country’s electricity, the Indian economy has been held back by worsening power outages and brown-outs as utilities are forced to reduce...
(EnergyAsia, February 15 2012, Wednesday) — Winsway Coking Coal Holdings said its 60/40 venture with Japan’s Marubeni Corp Ltd has received Hong Kong Stock Exchange approval to acquire Canada’s Grande Cache Coal for C$1 billion. (US$1=C$1). The acquisition of the Calgary-based miner will only be completed after the Hong Kong-listed company puts it to a...
(EnergyAsia, February 14 2012, Tuesday) — China’s Shenhua Group is planning to build an eight gigawatt (GW) coal-fired power plant in Beihai port city in the Guangxi Zhuang Autonomous Region. The region’s economy has suffered in recent years from a double blow of frequent droughts and power shortages that has disrupted normal business and living...
(EnergyAsia, February 14 2012, Tuesday) — Russian Railways (RZhD) said it will support the Indonesian government’s plan to invest US$2.4 billion in developing a major railway project in infrastructure-challenged Borneo Island. RZhD will contribute its expertise in the studies to determine the project’s technical and economic feasibility to deliver coal, rubber, palm oil and other...
(EnergyAsia, February 14 2012, Tuesday) — A consortium led by Huaneng Power International Inc, China’s largest listed power company, expects to complete the construction of the first phase of a coal distribution terminal in Guangdong province’s Shantou Port by the end of next year. The company said it has been approved by the country’s highest...
(EnergyAsia, February 14 2012, Tuesday) — Singapore Power Limited (SP) said it has appointed board member Mohamed Hassan Marican as its next chairman to succeed Ng Kee Choe who will retire on June 12. Mr Hassan Marican, who served as President and CEO of Malaysian state oil and gas firm Petronas from 1995 to 2010, (more…)
(EnergyAsia, February 14 2012, Tuesday) — US heavy machinery supplier Caterpillar is deepening its reach into China’s coal industry with the recent sale of an automated longwall plough and the acquisition of a Chinese coal mining equipment company. Caterpillar said it has secured an order to supply its 11th DBT/Bucyrus/Caterpillar plough system in China to (more…)
(EnergyAsia, February 13 2012, Monday) — China’s Huaneng Power International Inc said it has completed trials at two of its power plants at the end of last year. The company declared successful trials for its 600MW coal-fired generating unit 2 of its 80%-owned Shanxi Huaneng Zuoquan power plant and Phase I of its wholly-owned Jiuquan...
(EnergyAsia, February 13 2012, Monday) — Mongolia’s coal officials said the industry faces the twin challenges of reducing its dependence on China and increasing its export earnings from the commodity. Last year, it produced 33 million tons of coking coal, and exported 23 million tons of that to China, according to the Mongol Coal Association. Executive...
(EnergyAsia, February 13 2012, Monday) — The Asian Development Bank (ADB) said it will help China set up a pilot provincial emissions trading system that could pave the way for a national scheme and lower greenhouse gas emissions in the country. The bank said it will provide a US$750,000 equivalent grant and help design the (more…)
(EnergyAsia, February 13 2012, Monday) — A consortium of Japanese companies comprising Sumitomo Corp, Toshiba Corp, Mitsui Engineering & Shipbuilding Co Ltd, Mitsubishi Heavy Industries Ltd (MHI) said it and other stakeholders have completed the expansion of the 2,640MW Tanjung Jati B coal-fired power plant in Indonesia. The consortium said it completed the plant’s 660MW Unit (more…)
(EnergyAsia, February 13, 2012 Monday) — The Asian Development Bank (ADB) said it has approved a loan and political risk guarantee totalling up to US$400 million to help build Uzbekistan’s largest petrochemical plant worth some US$4 billion. Located about 1,300 kilometres from the capital Tashkent in the Karakalpakstan region, the Surgil Natural Gas Chemicals Project (more…)
(EnergyAsia, February 10 2012, Friday) — A ranking US politician wants to put the brakes on the bandwagon pushing for natural gas exports to Asia by declaring his intention to introduce legislation to keep domestically produced natural gas in the country. Representative Ed Markey, the (D-Mass.), the Ranking Member of the Natural Resources Committee and...
(EnergyAsia, February 10 2012, Friday) — Coal & Oil Group, a Dubai-based family-owned energy company, said it is opening a regional office in Singapore to better serve its growing businesses in Asia-Pacific countries including Southeast Asia, Australia and the Far East. With a turnover of over US$500 million, the company has also established East India (more…)
(EnergyAsia, February 10 2012, Friday) — LanzaTech, a New Zealand-based producer of low-carbon fuels and chemicals from waste gases, said it has raised US$55.8 million in its latest Series C round of funding from new investors led by the Malaysian Life Sciences Capital Fund. The Malaysian investors include Petronas Technology Ventures Sdn Bhd, the venture (more…)
(EnergyAsia, February 10 2012, Friday) — Reflecting the growth of the global liquefied natural gas (LNG) business, leading international law firm Wikborg Rein has recruited a specialist, Joe McGladdery, as a partner in its London, England office. Mr McGladdery joins from Qatar Gas Transport Company Limited (Nakilat) where he acted as the company’s general counsel (more…)
(EnergyAsia, February 10 2012, Friday) — Following their respective roles in an oil spill off the coast of northern China, China’s CNOOC Limited said it is establishing a foundation to protect the marine environment and ecology while US oil company ConocoPhillips has set up a RMB1-billion fund to compensate the fishing industry for loss of (more…)
(EnergyAsia, February 9 2012, Thursday) — The cost of nuclear-generated power and issues associated with this energy source will continue to challenge the sector in 2012, said US experts. Following the Fukushima disaster last March, the sector has seen an increase in earthquake-related reactor shutdowns, reactor project cost escalation, infighting at the US Nuclear Regulatory (more…)
(EnergyAsia, February 9, 2012 Thursday) — Canada’s Prophecy Coal Corp said it is aiming to complete the project financing and selection of the engineering, procurement, construction (EPC) firm for a power plant in Mongolia by the second quarter. These achievements will then pave the way for the Vancouver, British Columbia-based company to begin construction of (more…)
(EnergyAsia, February 9 2012, Thursday) — China, the world’s largest coal producer and consumer, has also claimed the title of leading importer. Last year, its coal import rose 10.8% to 182.4 million tonnes, enabling it to overtake long-time leader Japan which purchased 175.2 million tonnes. Guangxi Zhuang autonomous region, which accounted for 15% of China’s...
(EnergyAsia, February 9 2012, Thursday) — Australia’s Origin Energy Limited said the first of two units at its 550MW gas-fired Mortlake Power Station is ready to generate electricity for use in Victoria state. Located near Mortlake in south-western Victoria, the plant’s two gas turbines will help to meet the growing demand for peak electricity in (more…)
(EnergyAsia, February 9 2012, Thursday) — State-owned China Power International Development Limited (CPI) and its recently formed joint venture with China Coal Energy Co Ltd are proceeding on schedule to build and operate a coal-fired power plant in northern China’s Shanxi province. CPI, which holds an 80% stake in China Power Shentou Power Generating Company,...