VIETNAM: Feedstock supply mounts as government approves 1,850MW of new coal-fired power capacity

(EnergyAsia, September 11 2012, Tuesday) — How will Vietnam secure feedstock supply to fully operate its 10.5 billion kwh of coal-fired power plant capacity by 2015? The country’s coal industry is wrestling with this issue as Vietnam edges towards becoming a net importer with 2015 seen as the pivotal year on the targeted completion of...

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AUSTRALIA: Government abandons plans to close coal power plants

(EnergyAsia, September 11 2012, Tuesday) — The Australian government surprised its Green Party coalition partner and environmentalists by abandoning plans to close down some of the country’s coal-fired power plants. Blaming the power companies for demanding too much compensation, the Labor Party-led government said it decided to end negotiations to close down five coal-fired plants...

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ASIA: President Putin sells Russian role in region’s energy security

(EnergyAsia, September 11 2012, Tuesday) — Russia is positioning itself as a reliable long-term energy supplier to Asia with President Vladimir Putin promising to beef up infrastructure and connectivity to the region by developing the country’s neglected Far Eastern provinces, and its Asia-Europe economic links via Kazakhstan and Belarus. As this year’s host of the...

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MONGOLIA: Prophecy Power submits power purchase agreement proposal, expects decision in 90 days

(EnergyAsia, September 11 2012, Tuesday) — Prophecy Coal Corp, a Canadian company focused on coal and power projects in Mongolia, said wholly-owned subsidiary Prophecy Power Generation LLC has submitted its power purchase agreement proposal to the Mongolian government. The proposed agreement details the terms under which Prophecy Power would be prepared to supply power to (more…)

SRI LANKA: Chinese designer and builder blame operator for breakdowns of coal-fired power plant

(EnergyAsia, September 10 2012, Monday) — The Chinese designer and builder of a Sri Lankan coal-fired power plant said the operator failed to undertake any maintenance, causing it to break down several times since its start-up in March 2011. Northwest Electric Design Institute (NEDI) and builder China Machinery Engineering Corporation (CMEC), which have both been...

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SINGAPORE: Oil spill south of Jurong Island following collision between two vessels

(EnergyAsia, September 10 2012, Monday) — Bunker fuel spilled into the sea off Singapore’s Jurong Island at about 2 pm yesterday (September 9) following a collision between two vessels. Less than 60 metric tonnes of bunker fuel leaked from the tank of a South Korean-registered liquefied petroleum gas carrier, DL Salvia, after it collided with (more…)

QATAR: Foster Wheeler awarded basic engineering package for QP-Shell petrochemicals project

(EnergyAsia, September 10 2012, Monday) — Foster Wheeler AG said it has been awarded a contract by Shell Global Solutions International B.V. to develop a basic engineering package (BEP) for a world-scale mono-ethylene glycol (MEG) facility at Ras Laffan in Qatar. Foster Wheeler did not reveal the value of the contract that was secured by (more…)

VIETNAM: EVN subsidiary awards US$345 million contract for coal power plant to South Korea’s Daelim

(EnergyAsia, September 10 2012, Monday) — South Korean engineering firm Daelim said it has secured a US$345 million contract to build a coal-fired power plant in the Mekong River Delta for a subsidiary of state-owned Electricity of Vietnam (EVN). Daelim plans to deliver the 330MW unit of the O-Mon Thermal Power Plant to Can Tho (more…)

PHILIPPINES: ADB, P&G explore building waste-to-energy power plant

(EnergyAsia, September 7 2012, Friday) — The Asian Development Bank (ADB) said it and US-based Procter & Gamble Co (P&G) jointly exploring the feasibility of building waste-to-energy plants in the Philippines that will generate up to two megawatts of electricity. The plant will use solid waste collected from homes and businesses. Around 6,700 tons of...

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INDIA: Jindal Steel acquires Canada’s CIC Energy for 6.5 billion rupees

(EnergyAsia, September 7 2012, Friday) — India’s Jindal Steel and Power Ltd (JSPL) has expanded its chain of international coal assets with the 6.5-billion-rupee acquisition of Canadian miner CIC Energy Corp. (US$1=56 rupees). JSPL’s Mauritius subsidiary paid C$2 a share to acquire the Toronto-listed company which owns an estimated six billion tonnes of thermal coal...

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COMPANIES: Shell is first customer for Vopak-Gasunie’s pioneering LNG break bulk terminal

(EnergyAsia, September 7 2012) — Royal Dutch Shell has signed to become the first customer to use a pioneering terminal now under construction in the Netherlands to store, break-bulk and distribute liquefied natural gas (LNG). The terminal at the Maasvlakte near Rotterdam port is being developed by gas infrastructure company NV Nederlandse Gasunie and liquid (more…)

ASIA: Power crises threaten long-term economic outlook of Japan, India

(EnergyAsia, September 7 2012, Friday) — Asia’s three largest economies share a common threat from increasingly insufficient and unreliable domestic power supplies to meet demand growth. For now, Japan and India, the region’s second and third largest economies, are the most threatened as companies have been forced to reduce or shut down operations with the (more…)

INDIA: Essar Oil aims for complete start up of Vadinar coal-fired power plant this quarter

(EnergyAsia, September 6 2012, Thursday) — Essar Power is planning to start up the second unit of its 510MW coal-fired plant in Vadinar in India’s Gujarat state in the coming weeks. As coal is a cheaper feedstock compared with fuel oil, the completed 23.5-billion rupee plant will supply lower-cost electricity to the Essar Group’s oil...

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CANADA: Australian firm proposes to develop giant mine to export coal to Asia

(EnergyAsia, September 6 2012, Thursday) — Canada’s Energy Resources Conservation Board is receiving public comment till September 24 on a proposed giant mine in northern Alberta province to export coal to Asia. The board is gathering feedback with a view to deciding if it should hold public hearings for Australia’s Coalspur to proceed to invest...

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ENVIRONMENT: Shell and partners say to construct world’s first oil sands carbon capture and storage (CCS) project

(EnergyAsia, September 6 2012, Thursday) — Shell said it and its partners will invest a total of C$1.3 billion to build the world’s first carbon capture and storage (CCS) project for an oil sands operation located in Canada’s Alberta province. (US$1=C$0.99). The Quest project will be built on behalf of the Athabasca oil sands project (more…)

AUSTRALIA: Prime Minister mocks “death of mining boom” pronouncements

(EnergyAsia, September 6 2012, Thursday) — Australia’s Prime Minister Julia Gillard is mocking those predicting the top of the mining boom by citing a well-worn Mark Twain quote in response to false rumours that he had died. “Reports of the mining boom’s death have been exaggerated,” Ms Gillard told the 8th Australian Association of Mining (more…)

AUSTRALIA: CSIRO’s joint study says ships are source for more than 25% of nitrogen oxide emissions

(EnergyAsia, September 5 2012, Wednesday) — Ship engine exhaust emissions make up more than a quarter of nitrogen oxide emissions generated in Australia, according to a recently-published study by CSIRO and the Australian Maritime College in Launceston. Nitrogen oxide is a non-greenhouse gas, unlike similarly named nitrous oxide. The remainder comes from road and air (more…)

MONGOLIA: China’s Chalco calls off US$926 million bid for SouthGobi Resources

(EnergyAsia, September 5 2012, Wednesday) — Citing Mongolia’s unwavering political opposition, Chinese state-owned Chalco has called off its proposed US$926 million buy-out of coal mining firm SouthGobi Resources Ltd. Chalco, the shortened name for Aluminum Corporation of China Limited, threw in the towel five months after it had launched an attempted buy-out of up to...

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MARKETS: Platts, Argus expand coal pricing and reporting services

(EnergyAsia, September 5 2012, Wednesday) — Energy media groups Platts and Argus have expanded their coal pricing and reporting services. Platts, a McGraw-Hill unit, said it has expanded its power sector pricing references for India, China and Asia with its launch of a new price assessment for Indonesia-loaded thermal coal cargoes. Known as Platts Kalimantan (more…)

AUSTRALIA: Vale resumes production at Carborough Downs coal mine

(EnergyAsia, September 5 2012, Wednesday) — Brazilian mining company Vale SA said it has resumed production at its Carborough Downs coal mine in the Central Bowen Basin in Australia’s Queensland state. Citing safety reasons after detecting abnormally high levels of carbon monoxide, the company declared force majeure and stopped work at the metallurgical coal mine (more…)

INDONESIA: Thailand’s Egco buys into coal mine, India’s Nalco cancels supply deal

(EnergyAsia, September 4 2012, Tuesday) — In Indonesia, a Thai independent power producer, Electricity Generating (Egco Group), has acquired a 40% stake in a coal mine project, while India’s National Aluminium Company Ltd (Nalco) has cancelled a coal supply deal for its captive power plant. Egco said it paid US$197 million for the 40% stake (more…)

AUSTRALIA: Coal-based electricity inflicting health costs totaling A$2.6 billion a year

(EnergyAsia, September 4 2012, Tuesday) — Coal-based electricity generation is making Australians sick to the cost of A$2.6 billion a year, said a briefing paper jointly produced by the Climate and Health Alliance (CAHA) and The Climate Institute. (US$1=A$0.97). The paper provides a list of major common illnesses affecting the heart, lungs and nervous system...

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AUSTRALIA: Analyst predicts carbon price forecast “unlikely” to be met with link to Europe market

(EnergyAsia, September 4 2012, Tuesday) — Australia is unlikely to achieve the government’s model carbon price of A$29 a tonne by 2015 from linking it to Europe’s emissions market, said carbon analysis firm RepuTex. (US$1=A$0.98). The company gave this assessment in response to the announcement by Australia’s Minister for Climate Change & Efficiency, Greg Combet, (more…)

MARKETS: Fossil fuel subsidies to exceed US$1 trillion in 2012, says Worldwatch Institute

(EnergyAsia, September 3 2012, Monday) — Governments may spend more than US$1 trillion to subsidise fossil fuels consumption in 2012, according to a study by the US-based Worldwatch Institute. This far exceeds the global spending of US$66 billion on renewable energy subsidies in 2010. Although the total subsidies for renewable energy are significantly lower than...

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CHINA: Coal-fired capacity to grow by 4.8% a year between 2011 and 2020 despite rising environmental demands

(EnergyAsia, September 3 2012, Monday) — China’s coal-fired power generation capacity is expected to grow at an annual average rate of 4.8% in expanding from 706,670MW in 2011 to 1,074,479MW in 2020, said consultant GlobalData. Coal will continue to account for the bulk of the country’s thermal installed capacity, which is seen rising from 765,460MW...

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