(EnergyAsia, November 12 2012, Monday) — A joint venture comprising South Korea’s Samsung C&T Corporation and Australia’s Smithbridge Group Pty Ltd has secured a contract to build the T3 terminal port at Abbot Point to export coal from the Alpha project in Australia’s Queensland state. India’s GVK Group said its subsidiary, Hancock Coal Infrastructure Pty...
(EnergyAsia, November 9 2012, Friday) — Foster Wheeler AG said a subsidiary of its Global Power Group has been awarded a contract by BHI Co Ltd to collaborate in the design of two supercritical pulverised coal (PC) fired steam generators in South Korea. The client, STX Electric Power Co Ltd (STXEP), is including the generators (more…)
(EnergyAsia, November 9 2012, Friday) — Indonesia’s coal production will recover next year after suffering an unexpected decline in 2012 as a result of weak demand in Asia and rising operating costs, said the industry’s spokesman. According to Bob Kamandanu, chairman of the Indonesian Coal Mining Association, the country’s coal output will increase to between...
(EnergyAsia, November 9 2012, Friday) — Hong Kong-listed Sunshine Oilsands Ltd, which hopes to start oil production in Canada’s Alberta province in late 2013, said it has obtained conditional approval for a secondary listing on the Toronto Stock Exchange (TXS). The company, which intends to maintain its primary listing in Hong Kong, said it will (more…)
(EnergyAsia, November 9 2012, Friday) — Goldman Sachs expects the price of Australian thermal coal to average around US$105 per tonne over the next two years, and to fall slightly in 2015 and 2016 on weaker Chinese demand and competition from cheaper oil. But high operating costs will support the fuel at US$90 per tonne...
(EnergyAsia, November 8 2012, Thursday) — Prophecy Coal Corp, a Canadian company which is developing coal and power projects in Mongolia, said it has appointed Jeffrey Mason as chief financial officer and Samir Devendra Patel as corporate secretary. The Vancouver, British Columbia-based company described Mr Mason as a chartered accountant with over 20 years’ experience (more…)
(EnergyAsia, November 8 2012, Thursday) — An international consortium led by Japananese trading house Marubeni has started commercial operation of a 660MW Cirebon coal-fired power plant on Indonesia’s Java Island. The US$850-million plant in West Java will supply electricity to Bali and Java for 30 years, said Marubeni, which owns a 32.5% stake in the (more…)
(EnergyAsia, November 8 2012, Thursday) — Despite the government’s orders and the possibility of further nationwide power blackouts, Coal India Limited (CIL), the world’s largest coal producer, remains deadlocked in negotiations with many of the country’s power companies over a new fuel supply agreement. CIL, which accounts for 80% of India’s domestic coal production, has...
(EnergyAsia, November 8 2012, Thursday) —- Mired in a worsening power crisis blamed largely on coal supply shortages, India may have further cause for worry if the proposed development of the massive Galilee Basin coal deposits in Australia’s Queensland state fails to take off. The barriers to development of the 247,000-sq km area, with an...
(EnergyAsia, November 7 2012, Wednesday) — India’s newly appointed power minister Jyotiraditya Scindia has promised to untangle the Gordian knot of coal supply and pricing issues that is strangling the nation’s once-booming economy through a largely self-made power supply crisis. Appointed to one of the most troubled portfolios in a Cabinet reshuffle last month, the...
(EnergyAsia, November 7 2012, Wednesday) — Despite its slowing economy, India’s coal imports surged 18% to nearly 64 million tonnes for the first half of the current financial year from April 1. Industry officials are not surprised by the apparent contradiction between fast-rising coal imports and slowing economic growth as India’s domestic coal supply system...
(EnergyAsia, November 7 2012, Wednesday) — Weighed down by slower demand in China, Indonesia’s Adaro Energy said its coal production fell 4% for the first nine months of this year, causing net revenue to fall 5.8%. Indonesia’s second biggest coal miner said it produced 33.9 million tonnes during the period compared to 35.3 million tonnes (more…)
(EnergyAsia, November 7 2012, Wednesday) — The Singapore government has concluded the country isn’t yet ready to accept nuclear energy, setting the stage for further reliance on natural gas as its main energy source. After an extensive two-year pre-feasibility, the government has concluded the current state of nuclear technology may not be sufficiently safe or...
(EnergyAsia, November 6 2012, Tuesday) — Japan’s Mitsubishi Heavy Industries Ltd (MHI) said it has received an order to supply equipment including a steam turbine and boiler to be installed in the 330MW Unit 2 of the O Mon 1 coal-fired thermal power plant now under construction in Vietnam. The equipment is being purchased by (more…)
(EnergyAsia, November 6 2012, Tuesday) — Mechel OAO, one of Russia’s leading mining and metals companies, said it has secured long-term agreements with Russia’s Sberbank to open four credit lines for a total of 24 billion rubles for one of its key subsidiaries. (US$1=32 ruble). The credit lines for Southern Kuzbass Coal Company OAO are (more…)
(EnergyAsia, November 6 2012, Tuesday) — Ministers of the 10 Central Asia Regional Economic Cooperation (CAREC) programme nations have agreed on a plan to implement more than US$23 billion in new regional transport infrastructure projects along with energy and trade initiatives. Meeting in the Chinese city of Wuhan last week, the group will work on (more…)
(EnergyAsia, November 6 2012, Tuesday) — India’s Power Ministry is continuing to press the coal industry to speed up the allocation and delivery of feedstock, warning there could be a repeat of the July 31 world record blackout that affected 650 million people across large parts of the country. Coal accounts for 65% of the...
(EnergyAsia, November 5 2012, Monday) — The continued operation of Australia’s most polluting coal-fired power plants will slow the take-up of natural gas across the country, predicts carbon analytics firm RepuTex. Coal’s affordability and dominance will result in lower profitability for operators of natural gas-fired power plants, discouraging their transition to the use of the (more…)
(EnergyAsia, November 5 2012, Monday) — Having suffered the world’s largest power blackout affecting some 650 million people just over three months ago, India could yet be hit with further power supply disruptions as it is running low on coal feedstock. India relies on coal to generate around 60% of its electricity, and now 35...
(EnergyAsia, November 5 2012, Monday) — At least seven companies involved in the solar and renewable energy sector made major announcements at the Singapore International Energy Week (SIEW) which took place on October 22 to 25. Trina Solar, MEMC, Juwi, ReneSola, Saint-Gobain, GL Hassan and Yingli Solar issued statements related to their plans and operations (more…)
(EnergyAsia, November 5 2012, Monday)— China’s surplus refining capacity will increase substantially by 2014 as it would have built up 1.4 million b/d of new CDU capacity while oil products demand may only grow by 300,000 b/d, said US consultant ESAI. Restrictions on exports will force refineries to cut utilisation rates, leaving China to become...
(EnergyAsia, November 2 2012, Friday) — Cambodians for Resource Revenue Transparency (CRRT) will host a one-day conference entitled, “Best Practices of Governance in Extractive Industries and Revenue Management,” at the Cambodiana Hotel in Phnom Penh today. The conference, attended by representatives from the Association of South East Asia Nations (ASEAN), will also include representatives of (more…)
(EnergyAsia, November 2 2012, Friday) — Puma Energy, a fast-growing global mid and downstream energy company, said it has completed the acquisition of Chevron Kuo Pte Ltd, a Singapore entity which owns 70% of Chevron Bitumen Vietnam Limited (CBVL). The new company will be called Puma Energy Bitumen Vietnam Ltd and its assets will be (more…)
(EnergyAsia, November 2 2012, Friday) — Conergy, a market leader in providing off-grid installations and solar energy solutions, said it has completed a 900 kilowatt peak stand-alone project for the Madhya Pradesh Forest Department (MPFD) in India. The German firm said it had been engaged by the MPFD to supply their ranger offices with clean (more…)
(EnergyAsia, November 2 2012, Friday) — Australia-listed coal miner Cougar Energy Limited has set its sights on becoming a diversified global energy company following a detailed strategic review of its business model. Describing it as a significant shift, the company’s recently appointed CEO and managing director, Rob Neill, said the new direction underpins its expansion...