AsiaElec - Asia Power
Coal’s 2021 rally takes advantage of post-pandemic growth
Recent rallies in coal prices and a rise in US coal exports point to a surge in demand for coal worldwide as the global economy begins to enter a post-pandemic recovery.
JERA to pursue ammonia as generating fuel
Japan’s JERA, the country’s largest power generator, has revealed plans to develop a global supply chain for ammonia.
POSCO signs up to support Ørsted’s 1.6-GW offshore plans in South Korea
South Korea’s POSCO has agreed with Ørsted to support the Danish company’s development of 1.6 GW of offshore wind projects off the coast of Incheon City.
ADB issues green loans for 144 MW of wind capacity in Vietnam
The Asian Development Bank (ADB) has signed a $116mn green loan with three Vietnamese wind developers to build three 48-MW wind farms, raising the country’s wind capacity by 30%.
IEA says energy investment rebound is not green enough
The IEA has forecast that global investment in energy will rebound by nearly 10% in 2021 to $1.9 trillion, reversing most of last year’s drop caused by the coronavirus (COVID-19) pandemic.
India, UK launch steel and cement decarbonisation efforts
India and the UK have led the launch of the Industrial Deep Decarbonisation Initiative (IDDI) in a bid to reduce the global appetite for carbon-intensive steel and cement.
Suzlon seals 252-MW turbine order with CLP India
Suzlon has announced a 252-MW order from CLP India to supply 120 of its S120-140m turbines.
ASIAELEC: Singapore’s SP Group to invest in Vietnam
Singapore’s state-owned SP Group and Vietnam’s BCG Energy have signed a memorandum of understanding (MoU) to invest in renewable energy projects in Vietnam.
Pakistan opens Chinese-built Hualong One reactor
Pakistan has inaugurated the Chinese-built second reactor at the Karachi Nuclear Power Plant, known as K-2, the first Hualong One reactor to be built outside China.
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