Energy commodities: 22/06/2010
Oil’s gains fall back after traders reassess impact of Yuan on oil demand, Asian coal markets expected to tighten further, EUAs fail to find support at €16/t
Oil’s gains fall back after traders reassess impact of Yuan on oil demand, Asian coal markets expected to tighten further, EUAs fail to find support at €16/t
India’s largest private sector utility, Tata Power Co Ltd, is looking towards Indonesia and South Africa for coal supplies. Tata’s project head J K Niyogi identified Australia, Botswana, Mongolia, Mozambique, Russia and South Africa as the coal boom countries of the future.
He said Tata Power expects to import 22Mta of coal by 2014, a considerable …
Indonesia, with its location on the Ring of Fire, offers the world’s largest geothermal potential – a key asset given current expectations that renewable energy sources will be a vital part of the future energy mix. Moreover, its need to find additional sources to power its economy and to deliver sufficient amounts of electricity to its burgeoning population have imprinted geothermal energy as a crucial solution in the mind of its government.
Japan’s Mitsubishi Heavy Industries (Tokyo: 7011.JP) and Reykjavik Energy (Orkuveita Reykjavikur) of Iceland have announced that they will jointly develop geothermal energy projects, particularly in Africa, Latin America and Asia. Under the agreement, Reykjavik Energy will find countries and regions to start geothermal power plants as well as providing business know-how to their customer …
Unless stated otherwise, all prices are for the close of April 8.
German power: €47.71/MWh, up 0.46 per cent
Coal: €90.90/t, down 0.66 per cent
Natural gas: GB30.45p/therm, down 1.93 per cent
EUAs for December 2010 delivery: €13.56/t, up 0.22 per cent
CERs for December 2010 delivery: €11.95/t, up 0.93 per cent
Brent crude oil futures for front month 2010 delivery: …
Unless stated otherwise, all prices are for the close of March 31.
German power: €45.60/MWh, up 0.91 per cent
Coal: €88.25/t, up 1.44 per cent
Natural gas: GB31.60p/therm, down 0.16 per cent
EUAs for December 2010 delivery: €12.83/t, down 0.08 per cent
CERs for December 2010 delivery: €11.33/t, down 0.61 per cent
Brent crude oil futures for May 2010 delivery: US$83.45/bbl, …
While the international trade in thermal coal is relatively small compared to the overall level of production worldwide, it still has important repercussions for power plant operators, particularly those situated near the coast. With this in mind, IFandP takes a close look at the current state of the market and the outlook for 2010 and beyond.
Following the endorsement of a new climate investment fund plan, Indonesia’s geothermal power capacity is set to nearly double. The Clean Technology Fund (CTF) is awarding US$400m to the country to help it transform its use of renewable energy and to meet its long-term goal of reducing greenhouse gas emissions by 26 per cent in …
UK-based International Power is working on a 850MW thermal power plant in Paiton, Indonesia. It requires an investment of US$1.3bn and is being funded by a consortium of eight foreign banks via the Japan Bank for International Cooperation (JBIC).
The UK has also teamed up with Marubeni Corporation and five local partners to develop a similar …
The Japan Bank for International Cooperation (JBIC) has agreed to lend US$943m to two independent power projects in Indonesia.
The Bank has signed an agreement to loan US$729m to PT Paiton Energy for an 815MW expansion of a coal-fired project in East Java costing around US$1.5bn. Paiton currently runs a 1230MW coal-fired plant and has US$486m …
You need to register as a member To read the full article and make a comment. Already a member? Login here.