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‘Sinking Under the Weight of a Flawed Planning Process That Lacks Crucial Insight Into Clean Energy Trends’
IEEFA — Indonesia’s national power company is perilously out of step with global trends in electricity generation even as it seeks a more than $1 billion infusion from international bond markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — “Perusahaan Listrik Negara (PLN): A Power Company […]
IEEFA
S&P Global Market Intelligence ($): Domestic natural gas competition contributed to a year-over-year drop in coal revenue for CSX Corp. in the first quarter, but the company said it will “run the wheels off the railcars” to move as much export coal as possible to meet high overseas demand. CSX shipped 12.3 million tons of coal to […]
IEEFA
The Sydney Morning-Herald: The last of a long list of government-backed “clean coal” projects has fallen over, with the Andrews government reluctantly confirming the end of a $90 million program announced amid much fanfare six years ago. After days of pressing by The Age, Treasurer Tim Pallas’ department issued a statement announcing the conclusion of the […]
IEEFA
Reuters: The price of seaborne thermal coal in Asia may come under pressure as China moves to impose some import restrictions on imports of the polluting fuel. Several ports in southern and eastern China have introduced controls on coal imports, ranging from bans on unloadings to tightening customs clearances. Among ports banning imports is the […]
IEEFA
Financial Times ($): Jaakko Eskola, Wärtsilä chief executive, said the Finnish company’s energy business was “developing extremely well” because its focus was on small, flexible plants which could be better integrated with renewable power than the large gas turbines made by GE and Siemens. Wärtsilä develops power stations which use combustion engines to generate electricity, […]
Simon Nicholas
Structural Changes in Global Seaborne Thermal Markets Make for Long Odds
A proposal to develop a new, export thermal coal mine in Limpopo province, South Africa, faces too many headwinds to ever achieve long-term success. Resource Generation (ResGen), a company that is publicly listed in Australia and South Africa, plans to mine coal mostly for exports markets from its Boikarabelo project. The company also says it […]
IEEFA
Reuters: Global miner BHP Billiton said on Thursday it had made a final decision to leave the World Coal Association (WCA) over differences on climate change but would remain a member of the U.S. Chamber of Commerce. BHP has largely quit mining coal for power plants, but is the world’s largest exporter of coal for […]
IEEFA
S&P Global Market Intelligence ($): Major indicators of coal power capacity growth fell by double digits in 2017 for the second year in a row, according to a new report by environmental advocates — and if those trends continue, yearly retirements will exceed new capacity by 2022. Newly completed coal-fired plants declined 28% year over […]
Dennis Wamsted
A Fast-Growing Issue, Especially for the Coal Sector
Fossil fuel divestment took center stage during a good part of IEEFA’s annual conference last week in New York, with experts and government officials weighing in in detail on the burgeoning movement. Among them: Representatives from both the city and the state of New York, which operate some of the biggest pension funds in the […]
Dennis Wamsted
Electricity-Generation Markets Are Changing, and Not to Coal’s Benefit
The speakers changed at IEEFA’s annual conference this year, but the message remained the same: coal can no longer compete economically with either renewables or natural gas. Andrew Blumenfeld, head of market analytics with Doyle Trading Consultants, said this week during the IEEFA 2018 Finance Conference in New York that “even if power generators were […]
IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation
‘Sinking Under the Weight of a Flawed Planning Process That Lacks Crucial Insight Into Clean Energy Trends’IEEFA — Indonesia’s national power company is perilously out of step with global trends in electricity generation even as it seeks a more than $1 billion infusion from international bond markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — “Perusahaan Listrik Negara (PLN): A Power Company […]