Author Archive: Simon Nicholas

Energy Finance Analyst Simon Nicholas, a fellow of the Institute of Chartered Accountants of England and Wales. Nicholas joined the IEEFA team in July 2016, after 16 years’ experience within the finance industry at ABN Amro, Macquarie Group and Commonwealth Bank of Australia in both Sydney and London.

IEEFA: Bangladesh’s power system overcapacity problem is getting worse  

Overcapacity, along with increased reliance on expensive coal and LNG imports, threaten to increase the cost of power generation

20 January 2021 (IEEFA Bangladesh): Overcapacity in Bangladesh’s power system has worsened and threatens to deteriorate further according to a new briefing note released by the Institute for Energy Economics and Financial Analysis (IEEFA) today. Data from the Bangladesh Power Development Board’s (BPDB) latest annual report shows that overall power capacity utilisation in fiscal year […]

IEEFA: Pakistan announces ‘no new coal-fired power’

Implications for coal across the Belt and Road Initiative

At the 12 December Climate Ambition Summit hosted by the U.N., the U.K. and France, Pakistan’s Prime Minister Imran Khan announced that his nation “will not have any more power based on coal”. On the face of it, this is a highly significant statement for a nation that was until now intending to exploit its […]

December 14, 2020 Read More →

IEEFA: Adani’s Godda power project ‘left behind’ by changing energy policy in India and Bangladesh

Plans for the new coal-fired power station can be reconfigured to support India’s economic recovery

The Adani Group’s recent acquisition of a coal block in Jharkhand has further highlighted how misaligned the Godda coal power project is with Indian energy strategy. Furthermore, new developments in Bangladesh – where Godda power is intended to be exported – mean the project is also looking increasingly out-of-step with Bangladesh’s energy policy. In our […]

November 25, 2020 Read More →

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

IEEFA: High fossil fuel costs and unnecessary power developments like Lamu will lead to expensive electricity bills for Kenyans

Kenya should make the most of its abundant renewable energy resources and reduce costs for consumers

The belated release of Kenya Power’s financial results for the year ended 30 June 2019 confirmed what was already known – that new renewable energy installations have replaced thermal power in Kenya’s energy mix. New power generation from the Lake Turkana Wind Power project – the largest wind power installation in Africa – resulted in […]

November 11, 2020 Read More →

IEEFA: As owner of India’s most valuable energy company, the Adani Group should lead the country’s energy strategy

Adani Green Energy’s market value is now 40% more than NTPC’s, but the wider group faces a growing ESG risk

11 November 2020 (IEEFA India): A new IEEFA report identifies the opportunity for the Adani Group to lead Indian energy strategy by further aligning itself with the government’s vision for energy independence and fast-growing reliance on renewables. “The soaring value of Adani Green Energy is a clear indication of where the market, and this group, are […]

IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

The Asian seaborne thermal coal pool is drying out

Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine in South Africa’s Waterberg Coalfield has hit trouble after a key member of its funding consortium pulled out. The Industrial Development Corporation of South Africa (IDC) has cancelled all previously approved facilities due to its view that “the market conditions under which the Boikarabelo Coal […]

November 6, 2020 Read More →

IEEFA update: New solar energy plan for Bangladesh provides solutions to overcapacity, energy security and rising costs

A shift in focus to renewables would help to reduce the need for power subsidies or tariff increases

A new National Solar Energy Action Plan that has reportedly been drafted by SREDA – the Sustainable and Renewable Energy Development Authority – could be a significant and timely turnaround in Bangladesh’s renewable energy ambition. The report is coming at a time when Bangladesh is considering abandoning further coal-fired power development which has become increasingly […]

November 5, 2020 Read More →

IEEFA: Sri Lanka must learn lessons from around Asia to avoid further electricity crises

Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the continent

Sri Lanka’s electricity issues made international headlines in August 2020 when a technical issue at a substation caused a blackout that left the entire nation without power. This incident followed widespread power shortages across the country in 2019 as drought impacted Sri Lanka’s hydro power generators. However, with a lack of new capacity construction being […]

October 1, 2020 Read More →

IEEFA op-ed: Major solar proposal can diversify economy and reduce power cost for Botswana

5 gigawatt plan could reverse the flow of power in southern Africa

A proposed 5 gigawatt (GW) solar power program to be developed jointly by Botswana and Namibia would become a landmark power deal in Africa and help diversify their economies. Both nations currently import expensive power from South Africa, but full implementation of the proposal would make Botswana and Namibia new energy leaders in Africa. Ambitious […]

September 28, 2020 Read More →