The Adaro Blog
Chinese consortium to reconstruct Montenegro's only coal power plant
June 10, 2020, 10:25 am
BELGRADE, June 9 (Xinhua) -- State utility Electric Power Industry of Montenegro (EPCG) signed an agreement on Tuesday with a consortium spearheaded by China's Dongfang Electric Corporation (DEC) on the reconstruction of Montenegro's only coal power plant built in 1982.
The agreement on...
Japan turns to coal as COVID-19 delays solar projects June 8, 2020 0
June 9, 2020, 9:23 am
In the wake of the COVID-19, electricity demand in Japan has dropped and power prices have declined. The electricity sector is further impacted by ongoing economic contraction, delays in the shipment of photovoltaic (PV) modules from China, and low nuclear availability.
These factors are leading...
Asia's pandemic stimulus may slow the demise of coal
May 26, 2020, 3:14 pm
SINGAPORE (Reuters) - Coal power plant construction will push ahead in Asia despite falling electricity demand and environmental concerns as policymakers prioritise boosting economies crippled by the coronavirus pandemic, analysts say.
Fossil fuel demand will plummet this year as lockdowns sap...
Lockdown: Thermal coal imports slump 30% to 7.8 MT in April
May 26, 2020, 3:08 pm
New Delhi, May 25 (PTI) Amid the COVID-19 pandemic, thermal coal imports at India''s 12 major ports saw a 30.46 per cent plunge at 7.8 million tonnes (MT) in the first month of the current fiscal, as per the ports body IPA.
These Centre-owned ports had handled 11.27 MT of thermal coal in...
JBIC muddies comments from chief on ending coal finance
May 6, 2020, 12:40 pm
TOKYO (Reuters) - Japan’s government-owned export credit agency said it has not changed its policy on financing coal power plants, muddying a message from the bank’s head that environmental groups had hailed as a major shift on the polluting fuel.
The Japan Bank for International...
Coal mining giant Bumi records 97 percent plunge in profit
April 3, 2020, 7:22 pm
Indonesia’s largest thermal coal miner, PT Bumi Resources, booked a US$6.84 million profit in 2019, down 97 percent from $220.4 million in the previous year partly due to falling coal prices and higher fuel-related costs.
The publicly listed company’s revenue only increased 0.06...
Indonesia’s Bayan halts coal output at subsidiaries
March 30, 2020, 8:38 pm
Indonesian coal producer Bayan Resources is to halt production at two of its mining subsidiaries until 30 April as a precautionary measure amid the global coronavirus pandemic.
Its Tabang and Fajar Sakti Prima subsidiaries operate mines in Indonesia's east Kalimantan province and produce a...
Anglo American expects South African lockdown to hit iron ore and coal
March 27, 2020, 5:40 pm
LONDON (Reuters) - Anglo American expects output at its Kumba Iron Ore mine in South Africa to fall by up to 3 million tonnes in 2020 because of a 21-day lockdown and coal export production to be up to 2 million tonnes lower, it said on Friday.
The London-listed miner also lowered output of...
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