The Adaro Blog

Supreme Court rejects KPK's appeal against not-guilty verdict for former PLN chief
June 18, 2020, 2:49 pm
The Supreme Court on Tuesday turned down an appeal filed by the Corruption Eradication Commission (KPK) against a not-guilty verdict given to the former president director of state-run electricity company PLN, Sofyan Basir.    Last year, the Jakarta Corruption Court...
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PLN books $2.8b loss in Q1 amid weakening rupiah
June 17, 2020, 11:05 am
State-owned electricity company PLN’s bottom line has plunged into the negative in this year’s first quarter after the rupiah exchange rate fell to a record low in March. PLN booked a net loss Rp 38.9 trillion (US$2.76 billion) in the January to March period, down from a net profit...
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China Likely to Ease Coal Mine Closures to Meet Surging Demand
June 16, 2020, 9:16 am
China will likely ease the pressure on local governments to shut older, inefficient coal mines as it seeks to meet rising demand of the most-polluting fuel to spur its economic recovery. Government officials are in the midst of preparing the country’s all-important five-year-plan, the...
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PM Modi To Launch Auction For Commercial Coal Mining On 18 June
June 15, 2020, 11:38 am
by IANS -  Jun 14 2020, 8:45 am In a big reform initiative aimed at attracting global investment in the mining sector, the government proposes to start auction of coal mines for commercial extraction by private sector from 18 June.   Prime Minister Narendra Modi will...
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The pandemic has everyone ditching coal quicker — except Asia
June 12, 2020, 10:01 am
While the coronavirus pandemic is accelerating the death of coal in developed nations, the dirtiest fossil fuel is alive and kicking in Asia. Demand for electricity plunged — and with it the need for coal — as factories around the world sat dormant and people spent months at home. In...
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Coal miner Bukit Asam to disburse ‘biggest payout ratio' in company history
June 11, 2020, 12:06 pm
Coal mining heavyweight PT Bukit Asam is set to pay Rp 3.65 trillion (US$258.7 million) in dividends — claimed as the biggest payout ratio in the company's history — to its shareholders, mainly its heavily indebted parent company, MIND.ID. The dividends amounted to 90...
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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...
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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...
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Energy ministry rejects miners' request for relaxation on coal royalties
June 9, 2020, 9:20 am
The Energy and Mineral Resources Ministry has expressed its opposition to granting Indonesian coal miners’ request to relax coal royalty payments amid the COVID-19 pandemic. The ministry’s director for non-tax state revenue of coal and minerals, Johnson Pakpahan, said on Friday that...
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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...
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