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BELLONA no more overseas coal power projects in the gross thermal efficiency of about 63 per cent
pipeline after Vung Ang 2 in Vietnam. - one of the highest levels anywhere in the
Early October, KEPCO announced that it world - to help reduce CO2 emissions, a JERA
COAL will invest $190 million in the Vung Ang No. spokesman said.
2 coal plant. Globally, investors and politicians If they go ahead, the two units would start
South Korea’s KEPCO responded negatively to this decision. operations in August and December 2027
Global investors including Blackrock, Legal respectively, he said.
cancels foreign coal power & General Investment Management, APG, venture between Tokyo Electric Power
JERA, a thermal power and fuel joint
and the Church Commissioners for England
investment have warned the South Korean utility to Company Holdings and Chubu Electric
Power, plans to decommission the older No.1-
drop coal power projects, citing financial and
South Korea’s majority state-owned utility environmental concerns. No.4 plants by March 2022 and the No.5 plant
KEPCO plans to cancel or convert to LNG South Korea remains one of the top three by March 2027, shutting 3.1 gigawatts(GW)
two remaining overseas coal power projects public financiers of overseas coal power, capacity in total.
in its pipeline, which includes the 630MW providing approximately $10 billion to It will retain the 854 MW No.6 unit.
Thabametsi plant in South Africa and the overseas coal power projects between 2008 JERA, which is also the world’s
1,000MW Sual 2 project in the Philippines. and 2018 according to a 2019 study. biggest LNG buyer, submitted a primary
According to a media statement from environmental impact consideration
Solutions for Our Climate, a Seoul-based document to Japan’s industry ministry and
nongovernmental organisation, KEPCO CEO local authorities on Tuesday, the first step
Kim Jong-gap revealed this news during an GAS-FIRED GENERATION in four phases of the environmental impact
annual governmental audit hearing by the assessment process.
Korean National Assembly. Kim Jong-gap Japan’s JERA looking to
further underlined that the company has “no
plans to pursue overseas coal power projects build 2 LNG power plants, New Fortress Energy
in the future.”
South African environmental organisations scrap 5 ageing units signs MoU with Philippine
have previously expressed concerns with
regards to the impact of the Thabametsi Japanese power generator JERA said on National Oil Company to
coal-fired power station on climate change. Tuesday it has begun an environmental
According to their impact assessments, assessment on building two 650 megawatt advance LNG infrastructure
emissions from the Thabametsi coal plant (MW) LNG power plants at its Chita thermal
could be 60% higher than that of Medupi and station in central Japan, and plans to scrap five New Fortress Energy announced today
Kusile. ageing plants. that it has signed a memorandum of
Kim Jong-gap’s address comes after the The company has not made a final understanding (MoU) with the Philippine
minister of trade, industry and energy’s investment decision, but it is considering National Oil Company (PNOC) to advance
announcement that KEPCO currently has building 650 MW No.7 and No.8 plants, with the development of infrastructure to supply

Week 42 21•October•2020 www. NEWSBASE .com P11