Briefing note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals
Briefing note: The outlook for financing for Australia’s Galilee Basin coal proposals By: Tom Sanzillo, IEEFA Director of Finance
GVK
IEEFA Research
Briefing note: Thermal coal outlook
Briefing note: Thermal coal outlook (pdf) By Tim Buckley, Director of Energy Resource Studies, Australasia, IEEFA
Briefing note: India power prices
Briefing note: India power prices (pdf) By Tim Buckley, Director of Energy Resource Studies, Australasia, IEEFA
IEEFA briefing note: WICET
Briefing note: WICET (pdf) By Tim Buckley, Director of Energy Resource Studies, Australasia, IEEFA
Briefing note: Fossil fuels, energy transition, and risk
Briefing note: Fossil fuels, energy transition, and risk (pdf) By Tim Buckley, Director of Energy Resource Studies, Australasia, IEEFA
Report- Stranded: Alpha Coal Project in Australia’s Galilee Basin
Stranded: Alpha Coal Project in Australia’s Galilee Basin – pdf
More News and Commentary
‘Shadow over Adani, GVK Ventures’
Reuters is out overnight with a story picked up globally on how elections in Queensland, Australia, last week repudiated a plan to turn the state’s Galilee Basin into a coal-mine complex. The article, by Sonali Paul, names the proposed Adani Carmichael mine and the GVK Alpha mine as the projects affected by the election. It […]
Nervous in Tar-Sands Country; Utility-Company Existentialism; Australia Coal Outlook Dims
SNOWMOBILE SALES AND HOUSE PRICES ARE DOWN IN FORT MCMURRAY, ALBERTA, Reuters reports, as residents of the heart of Canada’s tar-sands region grow uneasy about whether the industry can deliver as promised. Nia Williams reports a “sense of unease” across the economy as lower global oil prices cast the future of tar-sands development in doubt. […]
Hats Off to Societe Generale for Stepping Back From Galilee Coal
Hats off today to Societe Generale for doing its investors a favor and distancing the bank from the costly and misguided development of coal in the Galilee Basin of northern Australia. The bank is the latest in a line of nine global investment houses to distance themselves from Galilee projects (the others are Deutsche Bank, […]
AGs in Secret Alliance With Energy Producers; Another Bank Backs Out of Galilee; Coal Fades in Appalachia
“ENERGY FIRMS IN SECRETIVE ALLIANCE WITH ATTORNEYS GENERAL” IS THE WEEKEND BLOCKBUSTER in the New York Times documenting how AGs in “at least a dozen states” have received $16 million in donations this year from the oil, gas, and coal industry and have been working closely with those donors to advance their business interests. A […]
Paducah Charade; Coal’s Shrinking Case for Exports; Australian Mine Falters
CONFLICT OF INTEREST APPEARS TO BE AT THE HEART OF A DECISION BY PADUCAH POWER SYSTEM not to declare bankruptcy, the Paducah Sun says in a searing editorial published this morning. The editorial voices deep skepticism that the no-bankruptcy decision was reached in unbiased fashion because PPS got its recent “expert” advice on it from […]
NRG Responds; Galilee Heats Up; FirstEnergy Retreats
IN A BOW TO THE DIVESTURE MOVEMENT AND TO CHANGING DEMOGRAPHICS, NRG has come out with a plan it says will reduce emissions by 50 percent by 2030 and 90 percent by 2050. The New York Times covers it in a piece in which the most notable quote is probably from David Crane, NRG’s CEO: […]
‘A Constellation of Risks’ on Tar Sands; Press Notes on IEEFA’s Galilee Coal Report; More on Prairie State-Paducah
IEEFA HOLDS A PRESS CONFERENCE TOMORROW in conjunction with its release of a report describing how Canadian tar sand oil production is threatened by a “growing constellation of risks.” The report, done in partnership with Oil Change International, is titled “Material Risks: How Public Accountability Is Slowing Tar Sands Development,” and comes out at 11 […]
Briefing note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals
Briefing note: The outlook for financing for Australia’s Galilee Basin coal proposals By: Tom Sanzillo, IEEFA Director of Finance
GVK, Indian Player in Proposed Alpha Coal Mine, Makes No Mention of Project in Latest Filings
Financial Close Remains as Elusive and Distant as Ever for Development Plans in Northern Australia
India’s GVK Power & Infrastructure Limited this weekend reported its year-to-March 2016 results, detailing its fourth consecutive annual loss. Net debt increased US$435 million to a record high of US$3.5 billion. In contrast, shareholders equity shrank 30 percent year on year to US$202 million. Earnings Before Interest and Tax (EBIT) covered just 36 percent of […]