Polish oil company plans 100 MW solar park at brown coal mine
The solar park is expected to be connected to the grid infrastructure of a coal power plant located nearby. The Polish oil group is targeting 2 GW of renewable energy assets by 2030.Polish oil refiner and petrol retailer Orlen is planning to build a 100 MW solar park at the site of the depleted coal Adamów mine in the commune of Przykona, located in the region of Greater Poland. The PV Mitra solar facility will be part of a renewable energy complex that the company has planned for the area and is also part of the ORLEN2030 strategy aimed at bringing its total renewable energy capacity to 2 GW .
By Reuters Staff
1 Min Read
SINGAPORE (Reuters) - State-run China Energy Investment Corp (CEIC) and China Reform Holdings Corp have set up a 10.02 billion yuan ($1.55 billion) fund to invest in clean and renewable energy projects, the state assets regulator said on Friday.
Upon launch, the fund is expected to generate about 50 billion yuan worth of financing in projects using wind, solar and hydrogen and energy storage, the State-owned Assets Supervision and Administration Commission said.
China has pledged to cap its carbon emissions at peak levels in 2030 when its total wind and solar installed capacity is forecast to top 1.2 billion kilowatts.
South32 Drops Out Of Eagle Downs Metallurgical Coal Project In Queensland
CANBERA (dpa-AFX) - Australian mining and metals company South32 Limited (SOUHY.PK, SHTLF.PK) said it has determined not to proceed with the Eagle Downs metallurgical coal project in Queensland after deciding it is not financially viable.
South32 noted that the project has been placed on hold while the partners assess options that may include the divestment of the company s 50% interest.
The Eagle Downs Coal Project is a project proposed by Aquila Resources and South32. The project is located 25km south east of Moranbah in Queensland s Bowen Basin, Australia.
By Reuters Staff
(Adds Eagle Downs decision, manganese production, outlook)
Jan 21 (Reuters) - Diversified miner South32 Ltd said on Thursday it was considering a possible divestment of its 50% interest in the Eagle Downs metallurgical coal project in Queensland, after deciding to put its development on hold.
The company, which owns the project along with Chinese steelmaking giant China BaoWu Steel Group Corp, said development was halted as “expected returns (from the project) do not currently support the allocation of capital.”
China BaoWu Steel did not immediately respond to a Reuters request for comment.
South32 also reported an about 16% rise in second-quarter coking coal output, as its flagship Illawara operation continued to benefit from a return to a longwall configuration - a form of mining where a long wall of coal is mined in a single slice.
PIBT handles record coal cargo
Business
January 21, 2021
KARACHI: Pakistan International Bulk Terminal (PIBT) handled a record 1.04 million tons of coal cargo in December 2020, which is 32 percent more than 0.791 million tons cargo handled in December 2019, a statement said on Wednesday.
This is the first month that the terminal volumes have crossed a million tons solidly establishing PIBT as the premier bulk terminal of the country, it added.
Also, the terminal handled 5.27 million tons of cargo from July to December 2020, which is 19.7 percent more than 4.407 million tons of coal handled during the same period in 2019. In the last six months, a total of 92 cargo vessels arrived at the terminal, while the total number of vessels handled during July 2019 to December 2020 was 77.