The Ministry of Industry and Trade has suggested the Government remove coal-fired plants with a capacity of 14,120 megawatts from Power Development Plan VIII (for 2021-30), which is currently being drafted.
The Malaysian government will stop building coal power plants starting in 2040, and shift its focus toward clean and renewable energy, according to Minister in the Prime Minister’s department in charge of economy Mustapa Mohamed.
The Ministry of Industry and Trade (MoIT), the Vietnam Electricity (EVN), and experts shared the view that power supply will be basically guaranteed this year, but the challenge is that demand is forecast to surge amid the post-pandemic economic recovery.
Indonesia has created a funding platform for its renewable energy projects, including a pioneering programme to retire coal-fired power plants, and appointed state-owned financing firm PT Sarana Multi Infrastruktur (SMI) to manage the funds.
Indonesia's state-owned electricity company PLN has axed a project to develop a coal-fired power plant as the country chases its long-delayed commitments to cut carbon dioxide emissions.
Vietnam is leading the transition to clean energy in Southeast Asia and is a bright spot on an otherwise soot-black map, according to an article published recently on The Economist.
The United Nations (UN) has affirmed its willingness to support Vietnam in establishing a partnership on energy transition with the Group of Seven (G7) nations in a letter of UN Secretary-General Antonio Guterres to Vietnamese Prime Minister Pham Minh Chinh.
Coal mining enterprises are bullish about their business operations on high coal demand, after positive results in the first quarter of 2022 with many exceeding targets.
The National Power Development Plan for the 2021 - 2030 period, with a vision towards 2045 (PDP VIII) has taken into account the replacement of coal-fired power projects and those that are still pending, heard a meeting of the State Appraisal Council.
Vietnam is now in need of diversifying energy supply sources as it is facing a shortage of coal supply for electricity, cement, and fertiliser production due to impacts of the COVID-19 pandemic and the Russia - Ukraine conflict.
The latest draft National Power Development Plan for the 2021 - 2030 period, with a vision to 2045 (PDP VIII) has made drastic reduction of CO2 emissions with no new coal-fired power plants to be built in the planning period, and with the switch from coal and natural gas to biomass, ammonia, and hydrogen, according to Deputy Minister of Industry and Trade Dang Hoang An.
A trade forum has been held online for Vietnamese and South African coal businesses to seek stronger coal trading cooperation between the two sides to meet coal demand for production and electricity generation in Vietnam.
Vietnam hopes to establish long-term stable trade and investment ties with Australia and receive technology in sustainable coal mining and processing from Australia, said Minister of Industry and Trade Nguyen Hong Dien.
Vietnam Electricity (EVN) has said that the amount of coal supplied to its thermal power plants (TPP) fell short of the contractual amounts, putting them at risk.
Minister of Industry and Trade Nguyen Hong Dien met with South African Ambassador Mpetjane Kgaogelo Lekgoro on April 2, saying that Vietnam is now in urgent need of diversifying coal supply sources as it is promoting post-pandemic economic recovery.
Vietnam Electricity (EVN) has proposed to the Government and relevant ministries and sectors a number of measures to ensure power supply, especially in the northern region, including the issuance of mechanisms to develop renewable energy in the region.
Indonesia’s Ministry of Energy and Mineral Resources (EMR) is mulling over a proposal to raise the domestic market obligation (DMO) for coal from 25 percent to 30 percent of total production to anticipate rising domestic demand, Minister Arifin Tasrif has said.
The Philippines on March 3 announced President Rodrigo Duterte's order signed on February 28 on the inclusion of nuclear power in the country’s energy plan amid the country’s preparations to generally get rid of coal-fired power plants.
The global supply chain crisis, the global agreement on minimum corporate tax rate and the record high price of bitcoin are among the top 10 world economic events this year as selected by the Vietnam News Agency (VNA).
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