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| MARKETS: China’s Shenhua, France’s Total latest to join globalCoal electric trading platform |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 15, Friday) --- Another two major coal companies have signed up to join globalCOAL’s electronic trading platform as market members. Shenhua Group, China’s largest coal company, produced 235 million tonnes last year, up 15.8% from 2006. Patrick Markey, globalCOAL’s Singapore-based manager, said: “In its leading position as the largest coal producer in China, Shenhua brings a critical Chinese presence to the globalCOAL market membership. We hope this will pave the way for further Chinese involvement in commoditised coal trading activity.” Eoghan Cunningham, globalCOAL’s CEO, said: “We look forward to seeing Total Gas & Power take an active role on the platform. As a significant player in the energy business, Total Gas & Power will no doubt benefit from the enhanced flexibility and efficiency of trading through globalCOAL’s Standard Coal System.” globalCOAL was founded by the industry’s leading members to promote screen trading of standardised coal products. The company has developed the world’s leading electronic marketplace for thermal coal as well as a range of standardised coal quality specifications, a Standard Coal Trading Agreement (SCoTA®), and robust methodology for coal price index calculation. globalCOAL said it will soon be launching two new coal futures contracts in cooperation with leading energy exchange ICE Futures Europe. |
| TAIWAN: AREVA to supply nuclear fuel assemblies for Taiwan Power Company |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 15, Friday) --- France’s AREVA said it has signed a contract with Taiwan Power Company (Taipower) to supply boiling water reactor fuel assemblies for units 1 and 2 of the Chinshan and Kuosheng nuclear power plants in Taiwan. |
| SINGAPORE: Storage and trading company Chemoil reports second quarter US$22 million net profit |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 15, Friday) --- Singapore-listed marine fuels trader and storage company Chemoil has reported a net profit of US$22 million for the second quarter, up sharply from US$660,000 for the same period last year. |
| CHINA: Asia Clean Energy Co Ltd in JV to develop major new coal methane project |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 8, Friday) --- Singapore-based Asia Clean Energy Co Ltd (ACE) has entered into a joint venture with US-based Caterpillar, China’s State Power International Finance & Trade Corporation Ltd and Shanxi Xinhe Energy Co Ltd, |
| KUWAIT: More Kuwaiti crude to be stored in Korea as MidEast tensions rise |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 15, Friday) --- Kuwait is expected to increase its crude stockpile in South Korea in response to rising tensions between Iran and the West. |
| INDIA: Wind power capacity to grow by less than 60% of target by 2012, says analyst |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 15, Friday) --- India’s wind power capacity is expected to grow by less than 60% of the 10,500 MW target for the latest five-year plan to 2012 set by the government, said project investment database firm ProjectsToday. |
| INDIA: Biofuels losing support |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 15, Friday) --- The Indian government appears to be having second thoughts on promoting biofuels and biodiesel as a pillar of its renewable energy policy. |
| INDIA: Orissa state government in talks with NHPC to build 10 hydropower plants |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 15, Friday) --- The government of India’s Orissa state is in talks with the National Hydro Power Corporation (NHPC) to build up to 10 hydropower plants. |
| CHINA: China WindPower Group signs contracts with Hebei renewable energy firm |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 15, Friday) --- China WindPower Group Limited said it has signed a strategic cooperation agreement with Hebei Construction Investment New Energy Limited Company to jointly develop, |
| CHINA: NDRC approves construction of three wind farms in Hebei province |
| Friday, 15 August 2008 | |
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(EnergyAsia, August 15, Friday) --- China’s powerful National Development and Reform Commission (NDRC) said it has approved the construction of three wind farms in Hebei province. |
