Power

The Norwegian Government’s proposal to tighten the coal exclusion criteria of Norway’s Government Pension Fund Global (GPFG) will affect eight coal companies, which will be divested.

Last Friday (7 June), AGL Energy Ltd assessed the extent and impact of an outage at Unit 2 at the Loy Yang A power plant (Australia), and now believes that the Unit, which has been out of service since 18 May, could have an impact on its FY20 results.

Kibo Energy PLC has provided an update on its Benga power plant project in Mozambique.

Yesterday, a fire broke out at Longannet power plant in Scotland following the demolition of its coal bunker in a series of controlled explosions.

This week, Chile’s President announced the nation’s plan to gradually phase out coal-fired power plants, with the ultimate aim of phasing the fuel out completely by 2040.

VIG has strengthened its coal policy but is falling short of Paris climate targets.

America’s Power and the Institute for Energy Research recently released a study which revealed that existing coal-fired plants are less costly than new electricity sources.

The analysis covers the recent period in which Britain’s electricity system ran without coal, although EnAppSys data shows that power generated from coal was imported from abroad.

Great Britain has recorded two weeks of coal-free electricity generation as of Friday 31 May.

With this addition, Tinuum Group has 21 invested facilities in full-time operation.

Ncondezi Energy Limited has announced the receipt of a new shareholder loan conversion notice, as well as a correction of the number of ordinary shares stated in relation to the shareholder loan conversion notice on 17 May.

ACCCE urges the Governor of Indiana and other leaders to carefully consider the effects of these coal retirements on the electricity grid.

In the second of World Coal Association’s snapshot series exploring coal’s role in countries across the globe, WCA takes a look at Turkey.

GlobalData has reported that growth of CTO/MTO projects in China could be set to decelerate as the government intensifies efforts to meet clean energy goals.

Dutch insurance and asset management company Nationale Nederlanden Group announced its commitment to phase out investments in the coal industry by 2030.