Tag Archives: Coal (TRBC level 4)

Germany grants second round of permits to close hard coal plants | Instant News


FRANKFURT (Reuters) – More than 1,500 megawatts (MW) of coal-fired power plants will close from December 8 this year, Germany’s energy regulator said on Thursday, announcing the results of a second round of auctions designed to cover closing costs. polluting plants.

FILE PHOTOS: Steam rises from the cooling tower of the coal-fired power plant RWE, one of Europe’s largest electricity and gas companies in Niederaussem, Germany, March 3, 2016. REUTERS / Wolfgang Rattay / File Photo

Germany has pledged to abandon coal by 2038 and achieve a largely carbon-free energy system by 2050, but is also seeking to reduce its impact on utilities, territories, jobs and public budgets.

Under a series of tenders between 2020 and 2027, operators were asked to state what price they would be prepared to close their hard coal plants in exchange for funds to partially offset their losses.

The regulator sets a maximum price per MW of capacity to limit public sector bills. The final price takes into account the bidder and the CO2 emissions of the plant concerned.

Of the 1,514 MW that will go offline in December, the standout is Uniper’s 757 MW Wilhelmshaven plant on Germany’s North Sea coast.

After 2027, compensation is no longer available, so operators are ready to bid as low as possible to avoid losses from competitors.

“The auction is again oversubscribed,” said Jochen Homann, head of the Bundesnetzagentur regulator. “The highest awards lie well below the maximum prices previously set.”

In all, the three successful bidders will receive between zero and 59,000 euros per MW, regulators said.

This is what they offered to close their factory, after the regulator set a maximum price of 155,000 euros / MW.

The third auction bid for the closure of 2,481 MW by the end of 2022 will close on April 30.

After the first auction, regulators closed 4,788 MW of coal-fired power plant capacity on January 1, 2021.

The more highly polluting brown coal is closed through a separate scheme with fixed compensation.

Reporting by Vera Eckert, editing by Barbara Lewis

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Australian securities regulators search the offices of coal miners TerraCom | Instant News


MELBOURNE, March 29 (Reuters) – Australian securities regulators ransacked coal miners TerraCom Ltd on Monday with assistance from Queensland state police, according to a report in the Australian Financial Review.

The investigation came after regulators confirmed it was investigating the ALS testing laboratory, whose internal review last year found that about half of the certificates awarded for export coal samples over the past decade had been altered to improve demonstrated quality.

The laboratory review made no mention of associates, but began after the unfair dismissal of TerraCom – which bought the Blair Athol coal mine in 2017 from Rio Tinto – that the miner had worked with ALS to fabricate export documentation.

TerraCom, which sells coal to Japan, Korea and China, has denied the allegations that have arisen in the case. Deputy Chairman Craig Ransley told Reuters that TerraCom will continue to work with authorities on industry-wide investigations.

Australia is the world’s largest coal exporter and ALS is one of the largest coal testers. “I can confirm that a warrant was issued today on behalf of ASIC, with the assistance of the Queensland Police,” said a spokesman for the Australian Securities and Investments Commission (ASIC), on condition of anonymity TerraCom.

Queensland Police, asked if Blair Athol TerraCom’s operation had been searched, said ASIC was leading the matter and referred any questions to regulators.

Last week, local media reported that ASIC Commissioner Cathie Armor told a Senate forecast hearing that she was “well aware” of allegations that the ALS lab had improved coal quality results on export certificates.

Armor did not provide further information due to ASIC’s policy of not commenting on issues being investigated, according to a report by the Australian Associated Press. South Korean electricity provider South-East Power banned ALS from certifying its coal tender last year. (Reporting by Melanie Burton; Editing by Tom Hogue)

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Germany opens a third auction for payments to close coal-fired power plants | Instant News


FRANKFURT, March 3 (Reuters) – Germany’s energy regulator has opened a third round of bidding for coal-fired power plant operators to compete for compensation to cover their capacity, part of the country’s shift towards carbon-free power.

Germany has decided to abandon coal in 2038 and achieve a carbon-free energy system by 2050.

A spokesman for the Bonn Bundesnetzagentur-based regulator said a bid had to be submitted by April 30 to cover the 2,481 megawatt (MW) capacity that would go offline by the end of 2022.

The regulator’s website shows the maximum price per megawatt of closed capacity will be € 155,000 ($ 186,883).

In the auction, operators announce the price they will be prepared to close their factories in exchange for funds to cover some of their financial losses.

The winner is determined not only by price but also by the relationship between the costs expected to result in a CO2 reduction.

The second round, which opens on January 4 to deactivate capacity of 1,500 MW and which also sets a maximum price of 155,000 euros / MW, has concluded with results due in the coming weeks, the spokesman said.

Following the first round of bidding, which opened in September, regulators closed 4,788 MW of coal-fired power generation capacity on January 1.

The average pay to operators in the round was set at 66,259 euros / MW after bidding ranged from 6,047 euros / MW and 150,000 euros / MW.

The auction will continue in the coming years, but after 2027, coal-fired power plants can be ordered to close without compensation.

$ 1 = 0.8294 euros Reported by Vera Eckert; Edited by Edmund Blair

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Australian youth lead class action against expanding the Whitehaven coal mine | Instant News


MELBOURNE (Reuters) – A class lawsuit against a coal mine extension that begins on Tuesday could complicate the approval of coal mines in Australia on the basis of intergenerational fairness and climate change, if claimants prove successful.

The landmark claim, by a group of eight teenagers from across Australia, began Tuesday in Melbourne Federal Court and is expected to last five days, but decisions may not be made for several months.

Students think that Australian Environment Minister Susan Ley has a duty to protect them from climate change and that the expansion of the Vickery Whitehaven Coal coal mine in the state of New South Wales will contribute to climate change and jeopardize their future.

“In the community, there is hope that a large coal mine like this is approved at the federal level and that is why we are concerned,” said principal David Barnden of Equity Generation Lawyers.

“It’s about emissions and contributions to climate change, and the dangers for people who are still children today.”

Ley’s office did not immediately respond to a request for comment from Reuters, but he told local media he was unable to comment while the court case was ongoing.

Vickery’s open pit coal mine will produce most of the metallurgical coal for steelmaking as well as some of the higher grade thermal coal and is awaiting final ministerial approval.

This will create 450 sustainable jobs over the course of the operation at a net economic benefit of A $ 1.2 billion ($ 930 million) in the country, Whitehaven estimates.

“Our position with regard to litigation … is that legal claims have no merit and should be dismissed,” said Managing Director and CEO Paul Flynn in a statement.

“As the Australian economy begins to recover from the impact of COVID-19, it is imperative that large job-generating investments in the economy are not delayed by legal claims that have no substance.”

Coal is Australia’s second most valuable resource export, valued at about A $ 37 billion in the financial year to June, government figures show.

Climate change has become a divisive topic in Australia, one of the world’s largest emitters of per capita carbon. The country’s conservative government has won successive elections on a platform of supporting Australia’s dominant fossil fuel sector.

($ 1 = 1.2902 Australian dollars)

Reporting by Melanie Burton; Edited by Jacqueline Wong

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UPDATE 2-block Australian state commission South32 coal mine expansion | Instant News


(Added 32 South comments)

MELBOURNE Feb 5 (Reuters) – Australia’s planning agency on Friday blocked plans to extend global miner South32 Ltd’s coal mine in the state of New South Wales, citing concerns over the potential irreversible impact on Sydney’s water resources.

The New South Wales Independent Planning Commission decision halted South32’s plans to extend the life of the underground metallurgical coal mine Dendrobium until 2048.

In its decision, the commission found “the risk of adverse environmental impacts is high, and that these impacts cannot be properly managed and are likely to be irreversible.”

“We know there are risks, like there are currently in coal mining applications,” said Peter O’Connor, mining analyst at investment firm Shaw and Partners. “Is this a corporate breaker? Not. Is that disappointing? Yes. “

Diversified miner shares fell 3.3% in early trading, well below their miners’ counterparts.

South32, who may appeal the decision, said it was investigating the commission’s findings and would continue to engage with state governments and agencies on the project.

It is expected that the project will contribute 500 jobs, A $ 714 million in royalties, taxes and tariffs, and provide a net gain of A $ 2.8 billion to the nation’s economy over the life of its mine.

Meeting coal demand is likely to face long-term material constraints as China’s steel consumption declines, the functioning of relatively mature infrastructure and the peak of urbanization has passed, said Morningstar analyst Mathew Hodge.

Therefore, the impact in South 32 which has relatively high coal production costs will not be material, he added. (Reporting by Nikhil Kurian Nainan in Bengaluru and Melanie Burton in Melbourne; Editing by Tom Hogue & Shri Navaratnam)

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