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Press Release and Bruce Robertson
Pakistan and Bangladesh have already cancelled tenders for LNG imports
14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]
Simon Nicholas
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 […]
Press Release and Simon Nicholas
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, […]
Clark Williams-Derry and Seth Feaster
Bear market for coal, new financial pressures push world’s largest coal company towards default
Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]
Simon Nicholas
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 […]
Simon Nicholas
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 […]
Simon Nicholas
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 […]
Simon Nicholas
Asian thermal coal exporters are fighting an uphill battle even in new markets
The world’s largest thermal coal exporter is eyeing new markets as its largest export destinations threaten to cut imports. Indonesia is targeting Bangladesh, Pakistan and Vietnam as China and India seek to curb thermal coal imports into the long term. As a result, Australian and South African thermal coal exporters aren’t going to have it […]
Tim Buckley
More than 138 major financial institutions have exited coal
As the economic crisis linked to COVID-19 grips the world, banks, insurers and asset managers have even more reasons to exit from the riskiest investments in fossil fuels – starting with thermal coal mining and coal power plants. The shift away from excessive reliance on coal power has continued at pace, despite the pandemic, and […]
IEEFA
The Business Standard: In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to convert 13 large coal power projects into clean liquefied natural gas (LNG) based plants. In a letter sent to the Prime Minister’s Office earlier this month, the Power […]
IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam
Pakistan and Bangladesh have already cancelled tenders for LNG imports14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]