Page 15 - AfrElec Week 34 2022

AfrElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AfrElec

NewsBase’s Power Roundup

POWER WELCOME to NewsBase’s Power Roundup REM: President Biden signs renewables-boost-
Global (NRG Power), in which the reader is ing IRA legislation
invited to join our team of international editors, President Joe Biden signed into law the Inflation
who provide a snapshot of some of the key issues Reduction Act (IRA) on August 16. The legisla-
affecting their regional beats. We hope you will like tion will boost the adoption of renewables and
NRG Power’s new concise format, but by clicking is slated to reduce climate emissions by 40% by
on the headline link for each section the full text 2030.“This bill is the biggest step forward on
will be available. climate ever,” said Biden after he signed the bill
at a ceremony in the White House.
AsiaElec: Vietnam coal imports to peak by
mid-2030s ENERGO: Russia redirects discounted coal
Vietnam’s Ministry of Industry and from Europe to China and India in July
Trade(MoIT) has said that coal imports by Ha- Russian exporters managed to redirect all coal
noi will continue to rise until at least the year volumes from Europeto China and India in July
2030, before peaking sometime before 2035, 2022, as the supplies are sanctioned in the EU-
at between 50 and 83mn tonnes per year.The ,Vedomostidaily reported citing a survey by the
increase in the short term is being seen as an Energy Development Centre (EDC) and Kpler
easy way to meet rising domestic demand for data.Defying the sanction pressure, sea exports
power in the nation of 99.7mn, as the move to of coal from Russia amounted to 16.45mn
more renewables investment takes shape, albeit tonnes (-0.6% month on month), with the ma-
relatively slowly. jority of coal shipped to Asia.

Week 34 25•August•2022 www. NEWSBASE .com P15