AsiaElec - Asia Power

27 May 2022

KEPCO to sell overseas coal power plants to shore up finances

26 May 2022

South Korea's Korea Electric Power Corp. (KEPCO) is to sell up to all its overseas coal-fired power plants in a bid to offset recent financial losses and to reduce its global exposure to fossil fuels.

Wind turbine suppliers delivered record volume in 2021: GWEC

25 May 2022

Wind turbine suppliers supplied a new record amount of volume in 2021, according to the Global Wind Energy Council’s (GWEC) annual Supply Side Data report.

China's Sinohydro to build $214mn hydroelectric plant in Rwanda

23 May 2022

The Rwandan government has started the construction of a brand new power plant, expected to boost the country’s electrical capacity by 43.5 MW by the end of 2024, it was announced.

GAC data show Chinese spending on Russian oil, gas, coal up 75% y/y in April

22 May 2022

China's spending on Russian crude oil, natural gas and coal jumped by more than 75% year on year to $6.42bn in April, according to data from Chinese customs data.

Indian power engineers urge government to subsidise coal imports

20 May 2022

Indian power engineers have urged Indian Power Minister RK Singh to subsidise the cost of importing coal at a time when coal prices are high and India’s power demand rockets during record temperatures.

Banks still lend to Indonesian coal projects as prices rise

20 May 2022

Major global banks such as Citigroup, BNP Paribas and Standard Chartered are continuing to lend to Indonesian coal projects as prices rise and miners look to invest in new equipment, a think-tank has warned.

Fossil fuel closures needed to stand any chance of meeting 1.5°C target

20 May 2022

Ending new oil, gas and coal developments is not enough to reach net zero by 2050, according to new research. Instead, already built fossil fuel projects must be decommissioned early if climate change is to be limited to 1.5°C.

Guterres calls for jump-start for energy transition

20 May 2022

UN Secretary-General Antonio Guterres has called for a five-point plan “to jump-start the renewable energy transition,” ahead of the COP27 summit in Egypt in November.

More proof that climate change threatens lives and causes economic damage

20 May 2022

Human activity has caused irrevocable damage to the climate, causing hundreds of billions of dollars of economic damage and threatening water and food supplies to millions of people.

G7 to raise climate finance for developing economies in Asia, Africa

20 May 2022

The G7 is to increase its support to developing economies such as Indonesia, Vietnam, India and Senegal that are working towards ending their reliance on coal.