The Adaro Blog
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...
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...
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...
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...
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...
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