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IEEFA update: Southeast Asian fossil fuel risk is underpriced

Hazards from corruption, policy change, stranded assets, and ill-informed advisors

HONG KONG — We’ve just published a memo describing how July was an exceptionally telling month for Southeast Asia power-generation markets. Our memo argues that fossil fuel risk is underpriced in the region, and it makes four specific points along these lines. First, that there is too little transparency around certain deals in Indonesia. News in […]

August 8, 2018 Read More →

Largest Southeast Asia solar plant to be built in Vietnam

Nikkei Asian Review: BANGKOK—The power generating arm of Thailand’s oldest industrial conglomerate, B. Grimm, has partnered with Vietnamese construction firm Xuan Cau to develop the largest solar power plant in Southeast Asia at a cost of $420 million. B. Grimm Power Public Company CEO Preeyanart Soontornwata said the deal was inked last week in Bangkok, witnessed […]

June 22, 2018 Read More →

Analysts say new Vietnam coal plants aren’t needed

VN Express International: Nation can save $7 billion in coal imports and reduce carbon dioxide emissions by 116 million tons each year, experts say. Vietnam should remove 25 coal power plants from its post-2020 energy master plan, prevent massive environmental pollution and save a lot of money, experts say. At a conference on energy conservation […]

June 8, 2018 Read More →

Vietnam plans major renewable energy push

Reuters: HANOI—Vietnam plans to more than triple the amount of electricity it produces from renewable sources and push for a 26% increase in household solar energy usage by 2030, Prime Minister Nguyen Xuan Phuc told Reuters. Speaking ahead of Vietnam’s participation in the expanded G7 summit that will be held in Canada from June 8 […]

June 5, 2018 Read More →

U.S. Deal to Support Coal-Fired Generation Expansion in Vietnam Appears Dead

New York Times: A Vietnamese company is no longer seeking American financial support to build a coal-fired power plant in Vietnam, bringing to an abrupt end a closely watched test of whether Washington would back international projects that could potentially contribute to climate change. On Thursday, the Export-Import Bank of the United States, a lender […]

February 12, 2018 Read More →
IEEFA Asia: Price Increase Highlights Growing Risk to Coal-Import Economies

IEEFA Asia: Price Increase Highlights Growing Risk to Coal-Import Economies

Outdated Policy in Japan, the Philippines, South Korea, Thailand, and Vietnam

The rise in the international spot price of thermal coal over the past 12 months may have put smiles on the faces of a handful of coal-exporter CEOs, but for importing nations that include Japan, the Philippines, Thailand, South Korea, and Vietnam, the trend risks putting a multibillion-dollar dent in current accounts. Since the beginning […]

November 17, 2017 Read More →

Vietnam, Over-Reliant on Imported Coal, Is Being Hammered by High Prices

VietnamBreakingNews.com: Steep increases in global coal prices are forcing Vietnam’s coal-fired power plants deeper and deeper into the red as they struggle to minimize losses caused by cost overruns worth billions of U.S. dollars. Coal prices have steadily risen since early 2016, adding an addition US$1.27 billion in costs for importing coal to Vietnam, according […]

November 17, 2017 Read More →
IEEFA Update: Are Investors in Asian Coal Starting to Think Twice?

IEEFA Update: Are Investors in Asian Coal Starting to Think Twice?

Signs That Risk Perceptions May Be Shifting as Markets Evolve

Human nature is to juggle contradiction and remain hopeful in the face of adversity. But investors are supposed to be hard-eyed cynics. What, then, to make of financial professionals smart enough to pose shrewd questions about the impact of climate change on the coal industry but willing to settle for illogically incomplete answers? This is […]

October 20, 2017 Read More →

Upswing in Vietnam Renewable Investments

VietnamNet: The number of renewable energy plants capitalized at VND1.2-1.4 trillion (US$50-60 million) has been increasing rapidly. The Binh Thuan provincial People’s Committee has accepted commitments from 20 investors to invest in the renewable energy sector in the province. This is a part of the province’s plan to become a large energy center of the […]

June 19, 2017 Read More →

Vietnam Is Ripe for a 21st-Century Energy Policy


Over-Reliant on Coal-Fired Electricity and Not Ambitious Enough on Renewables

This past January, Prime Minister Nguyen Tan Dung announced an auspicious review of new coal-fired power plants and a halt to existing coal-fired electricity-generation development in Vietnam. It was a hopeful indication that the country with the world’s third largest “pipeline” of such projects was moving away from coal. Two months later, the government came […]