Archive for January, 2016

More News and Commentary

Billionaire Investments in India Grid Help Drive an Ongoing Transformation

From Nikkei Asian Review: Despite rising demand for power, a heavy debt load has made distribution companies averse to buying electricity, affecting producers such as Tata Power and NTPC. India’s government recently outlined a bailout package for the struggling distribution companies that have piled up a combined debt of 4.30 trillion rupees and losses of […]

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In Australia, Coal Giants Walk Away From Mines, Leaving Taxpayers on the Cleanup Hook

Joshua Robertson for The Guardian: A Brisbane mining minnow that raised less than $750,000 from investors before inking a deal to buy a coalmine must now guarantee it can pay more than $120m to clean up the site upon closure. Batchfire Resources’ agreement to buy a central Queensland mine from Anglo American highlights a growing […]

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U.S. Coal Moratorium May Have More Long-Term Impact Than EPA’s Clean Power Plan

From Bloomberg Intelligence Coal Operations Team: Summary: President Barack Obama’s most significant climate- change policy is generally considered the Clean Power Plan. But his moratorium on new federal coal leases may have a bigger impact. About 40% of U.S. coal production is on federal land. Obama’s Jan. 15 announcement lays the groundwork for an eventual […]

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Coal Conference Takeaways: ‘The Bankruptcy Sewer’

Taylor Kuykendall for SNL: Coal producers and industry observers gathered at a Jan. 28 conference were in near universal agreement: There is too much coal in the market for current demand. As natural gas prices crush coal, fellow producers are causing the industry problems as well in the form of “zombie mines” and a spiral […]

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‘Zombie’ and ‘Ghosts’: CEO Concedes Coal Downturn Is More Than ‘Cyclical’

Taylor Kuykendall for SNL: Murray Energy Corp. CEO Robert Murray told attendees of Coaltrans USA that the nation’s “zombie mines” should go away and should not enjoy the ability to shed debt in bankruptcy and return to competition free of its burdens and further pressuring solvent producers. Murray said he wanted to take a break […]

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More Obstacles to Ohio Utility Bailout

Kathiann M. Kowalski for Midwest Energy News: New court cases and filings with the Federal Energy Regulatory Commission could derail FirstEnergy and American Electric Power’s plans to guarantee sales to affiliated power plants, even if Ohio regulators approve the deals. On January 27, the Office of the Ohio Consumers’ Counsel joined with competing electric generation […]

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China Coal Giant Becomes a Net Exporter

Jonathan Rowland for WorldCoal.com: China’s largest coal miner, Shenhua, saw coal production fall 8.4% in 2015, according to its latest operational data released to the Hong Kong Stock Exchange. Coal sales fell by 17.9%, while coal imports collapsed by 97.1% to just 200 000 t – and nothing in December 2015. As a result, with […]

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Less Demand in China

Barbara A. Finamore for the Huffington Post: This trend is expected to continue. According to a Bloomberg report, the Chinese government announced this week that it will cut crude steel production capacity by as much as 150 million tons and make further “large-scale” reductions in coal output this year as part of major supply-side reforms […]

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China stellt den Rest der Welt in den Schatten

From GreenWiwo.de: Dass Institute for Energy Economics and Financial Analysis (IEEFA) prognostiziert für 2016 einen weiteren immensen Zubau in China. 24 GW an Wind-, 16 GW an Wasser- und 18-20 GW an Solarenergie sollen hinzukommen. Das dürfte den wachsenden Energiebedarf decken und dennoch den Kohlebedarf zurückgehen lassen, schätzt das IEEFA. Trotzdem haben Erneuerbare (ohne Wasserkraft) […]

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China Estabelece Recorde Mundial em Instalações de Energia Eólica em 2015 e Índia Anuncia Recorde em Baixa Tarifa

From Energuia.com: “Após divulgação dos relatórios no início desta semana, que anunciavam diminuição de 4-5% no consumo de carvão na China, em 2015, isso só vem a confirmar que os mercados globais de energia elétrica estão se transformando mo mais rapidamente do que se esperava”, disse Tim Buckley, diretor de Estudos em Finanças em Energia […]

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