Competition between coal and natural gas is intensifying

By Vinacomin, September 19th, 2013 When the price of natural gas dipped below $2/MMBTUs in April 2009, the dash for gas set off in earnest. Any utility who could switch did switch from coal to natural gas. Not everyone could, of course, either because of the logistics, long-term fuel contract obligations or for technical reasons. … Continue reading

Toyo Ink Seeks Approval for RM11.2bil Vietnam Power Venture

By Stoxplus, July 4th 2013   Printing ink and materials manufacturer Toyo Ink Group Bhd is seeking shareholders’ consent for its diversification into the power sector in Vietnam, a project it first mooted in 2007. The 2,000MW coal-fired Song Hau 2 facility in Hau Giang, Vietnam, is estimated to cost US$3.5bil (RM11.2bil), it said in … Continue reading

Electricity, Coal and Petroleum’s January Data

The Ministry of Industry and Trade (MoIT) disclosed January’s data of electricity, coal and petroleum and gas at its monthly regular press conference on February 4 as follow:   1.  Electricity  Electricity output in January was estimated at 9787.7 million KWh, an increase of 25.7% from a year ago. In which, commercial electricity was 8867 … Continue reading

Troubles Escalate for Banpu: Coal Producer May Be Liable for Another $71m

Bangkok Post, 24/09/2012 Banpu Plc, one of the region’s largest coal producers, could face even greater legal troubles as lawyers for Siva Nganthavee have vowed to appeal against last week’s Civil Court victory to seek even higher compensation. The Civil Court on Thursday ordered Banpu to pay over 31 billion baht in damages to Mr Siva for what was … Continue reading

Court Orders Thai Coal Miner Banpu to Pay $955 Million Over Laos Project

Dow Jones Newswires, September 20, 2012 Thailand’s Civil Court has ordered Banpu PCL (BANPU.TH), the nation’s largest coal miner by sales, to pay at least 29.5 billion baht ($955 million) to businessman Siva Nganthavee and his associated companies as the result of a terminated joint venture, Banpu said in a filing to the Stock Exchange of Thailand Thursday. The … Continue reading

Vietnam Coal Mining: A Bright Future Ahead

Reblogged from Vietnam Stocks, Market Analysis, Investment, Bonds: Vietnam is a country which is rich in natural resources. Among them, oil and coal are the most important resources. Oil is being exploited by the PetroVietnam state monopoly while Vinacomin is the state owned giant that is in charge of the exploitation of Vietnam’s mineral and … Continue reading

MoIT Proposes Raising Price of Coal Sold to Power Plants | VNS

HA NOI — The Ministry of Industry and Trade has asked the Government to increase the price of coal sold to power producers from the fourth quarter this year to reduce losses for coal producers.Under the proposal, coal prices sold to power producers will be made equal to 2011 market prices from the fourth quarter … Continue reading

In Vietnam, Power Appetite Outruns Availability

Published: 14/08/2012 at 02:58 PM Newspaper section: Asia focus Energy sources around the world are being depleted while demand is increasing, a simple and sobering fact for developing countries that face crises in the near future if they cannot secure their energy supplies. In Vietnam, power shortages and cuts have been an obsession of people and businesses since … Continue reading

India: Power Sector’s Dark Days

Coal shortage has brought down the capacity utilisation of plants below average Business Standard Reporter / New Delhi Jul 22, 2012 The plants that are unable to run at full capacity include state-owned and largest power generator NTPC which has a 26,000 Mw generation capacity. NTPC plants that failed to live up to their planned … Continue reading

Nation to have 1,850MW from Coal-fired Power Plant

By Van Nam The Saigon Times Daily HCMC – The Prime Minister has approved the development plan of the coal industry in the 2011-2015 period, with many coal-fired thermal power projects to be built with a total capacity of 1,850MW. According to the plan, the coal industry will provide the national power gird with around … Continue reading