(EnergyAsia, August 6 2013, Tuesday) — PT Adaro Energy, a leading Indonesian coal miner, said it raised production by 12% to a record 13.52 million tonnes in the second quarter. For the same period last year, the company produced 12.05 million tonnes. In a filing with the Indonesia Stock Exchange, Aadro said it mined 24.94...
(EnergyAsia, August 5 2013, Monday) — The Asian Development Bank (ADB) said it will boost investment in improving end-user energy efficiency to help Asia Pacific countries tackle surging power demand and growing environmental threats from greenhouse gas emissions. The bank announced its initiative at a recent conference in Manila, Philippines in which it also released...
(EnergyAsia, August 5 2013, Monday) — Finnish engineering consulting firm Poyry said it has been awarded a contract to provide engineering services for the development of a 1,320 MW coal-fired power plant project in Vietnam. The contract was awarded by Japan’s Sumitomo Corp for the Van Phong 1 plant comprising two 660MW units which will...
(EnergyAsia, August 5 2013, Monday) — Royal Dutch Shell has put a pin into what could be the shale bubble which it said contributed to a 60% plunge in its second quarter profit. The European major wrote off the value of its North American shale assets by more than US$2 billion after tax, causing earnings...
(EnergyAsia, August 2 2013, Friday) — The power subsidiary of India’s Adani Group said its net loss for the April-June 2013 quarter surged 47.9% to 11.98 billion rupees compared with 810 billion rupees for the same period last year. (US$1=60 rupees). Adani Power Ltd attributed the increased loss to the decline in in the value...
(EnergyAsia, August 2 2013, Friday) — Australia’s Origin Energy Limited said it has completed a set of related agreements involving the A$50 million purchase of a state-owned power-generating company and new fuel supply agreements. Last month, the company said it had signed agreements with the New South Wales government for the A$50 million acquisition of...
(EnergyAsia, August 2 2013, Friday) — Sri Lanka could be the latest Asian country to import and use liquefied natural gas (LNG) to generate electricity and provide fuel for ships. The Sri Lanka Ports Authority (SLPA) has announced plans to develop an LNG import terminal at the country’s fast-growing southern port of Hambantota as part...
(EnergyAsia, August 1 2013, Thursday) — Canadian miner Teck Resources Ltd said it is slowing the development of its Quintette coal mine in British Columbia province until prices for the commodity recover. (US$1=C$1.03). Owing to the continued weak outlook for metallurgical coal prices that contributed to a 50.5% plunge in second quarter earnings, the Vancouver-based...
(EnergyAsia, August 1 2013, Thursday) — Canada’s MicroCoal Technologies Inc (MCI) said it has sold a “master agreement” to Indonesia’s PT Wijaya Tri Utama (PWTU) for the design, construction, operation and maintenance of a proprietary coal drying facility at a coal-fired power plant on Kalimantan Island. The Vancouver, British Columbia firm said it will receive...
(EnergyAsia, August 1 2013, Thursday) — Z Energy, New Zealand’s main downstream oil company, is seeking to raise between NZ$650 million and NZ$900 million through a public offer of its share at NZ$3.25 to NZ$3.75 apiece. (US$1=NZ$1.26). The final price for the offer which values Z Energy at between NZ$1.3 billion and $1.5 billion will...