Feb 16 – Coal power plants in Germany would have to be almost completely eliminated by 2030 in a scenario with a carbon price of €45/t, a study of Barclays bank finds. A total of 46,000-MW of black and brown coal-fired generation is currently in service in Germany.
China's National Development and Reform Commission (NDRC) imposed a cap on thermal coal prices imports through Qinhuangdao port at RMB750/t from 5 February. Strong demand due to colder-than-normal weather in January had propelled up prices to a record RMB780/t for FOB Qinhuangdao 5500 kcal/kg coal. According to WoodMackenzie estimates, the new price cap will have an impact from now until mid-March.
CNMC, the Spanish energy regulator has rejected a government proposal to prop up the nation’s oldest and most polluting coal power plants. Dealing a blow to subsidies for coal-fired generating capacity, the regulator suggested a “significant part” of the Spain’s coal fleet could be closed without putting national energy security at risk.
Divestment of the 650-MW Malaya coal power plant and its subsequent conversion to run on natural gas can only proceed if the current operator is able to prove the plant’s status as a “must-run-unit,” the Department of Energy (DOE) of the Philippines ruled. This new requirement risks to likely delay, if not derail, the coal-to-gas conversion.
Some 50,000 houses in South Australia will be equipped with solar panels and Tesla batteries, the state government announced Sunday, in a move to turn decentralized gensets in buildings a giant interconnected Virtual Power Plant (VPP). According to Tesla, the VPP will have 250-MW of solar energy and 650 MWh of battery storage.
One of the UK’s major remaining coal generators, the 1,960-MW Eggborough Power Station in North Yorkshire, is set to fizzle out in September 2018 after it failed to win a 2018-19 capacity contract. As a consequence, the operator has just updated its planning application to convert the 51-year-old Eggborough facility into a new 2-Gigawatt (GW) combined-cycle gas power plant.
Reacting to recurring power outages, South Africa is taking steps to reduce its reliance on aging coal-fired plants. Over the next five years, the Government plans to replace some out-dated coal capacity with nearly 10-GW of supercritical coal units. It seeks to attract investment to realize up to 4 GW of gas-fired independent power projects (IPPs) that would be supplied by imported LNG from floating terminals at Richards Bay and Port Coega starting in 2020.
Eco-friendly combined cycle power plants are serving as a “bridge” for South Korea along the road of an energy paradigm shift from nuclear power and coal-fired plants towards new and renewable energies, according to Kim Kyung-won, president of Korea District Heating Corp. (KDHC). Kim pointed out the strengths of the recently commissioned 800-MW Dongtan CCGT which powers Dongtan, a new town under development near Hwaseong City.
Tightening supply of thermal coal ahead of the Lunar New Year risks to cause power shortages in some of China’s northern metropolis, regional utilities warned. In a letter to the National Development and Reform Commission (NDRC), four electric utilities pleaded the government to ease regulations that incentives a switch from coal to gas and increase coal supplies temporarily in order to put a lid on spiraling prices.
For the first year in three, Japan’s LNG purchases have risen as gas-fired power plants make up for the missing nuclear power supply. Delays in the restart of nuclear reactors also caused a 4.3% rise in thermal coal imports, while LNG purchases notched up 0.4% to 83.632 million tonnes in FY2017 – driven by a 5.4% rise in December.