Page 11 - Ef 5 News Today

China's thermal coal futures slumped to their lowest in more than a month on Wednesday, marking a sixth consecutive day of declines, after the country's state planner said it would conduct "clean up and rectification" work on coal storage sites.

Earnings for China's power utilities during the first three quarters of 2021 have plunged as the companies were squeezed by surging coal costs that they could not pass on to consumers.

South African state power utility Eskom said it was extending scheduled power cuts until Saturday because of a shortage of generation capacity.

Britain plans to adopt a new model to fund its nuclear energy expansion under which households pay a small amount each month for new plants while they are still being constructed, the government said on Tuesday.

Singapore's Energy Market Authority (EMA) and JTC Corporation (JTC) will launch a S$6 million ($4.46 million) request for proposal to test renewable energy, energy storage systems and low carbon solutions on its Jurong Island, a minister said on Monday.

South Africa will tell rich countries at climate talks next week to honour promises to help poorer nations go green and massively boost available funds, the environment minister said on Friday, while announcing talks to help end its own reliance on coal.

China's state-run CNOOC has booked two diesel shipments totalling about 50,000 tonnes for early November delivery into south China, a rare purchase spurred by a strong domestic diesel market, several trading sources said on Friday.

China will make efforts to ensure stable supply of coal and electricity for economic and social use, state media cited President Xi Jinping as saying on Friday, as the country grapples with its worse power supply crunch in years.

South Africa's Eskom, which is seeking funding to move away from coal-fired power, held "fruitful discussions" with Western climate envoys recently, the state power utility's chief executive said on Friday.

China's southern Guangdong province has raised on-grid tariffs for gas-fired power plants to help generators ease soaring fuel costs, the provincial's economic planner said.