Page 15 - AsiaElec Week 10 2023

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

NewsBase’s Power Roundup

Global [NRG Power]

POWER Welcome to the latest edition of NewsBase’s NRG past month with the easing of an unofficial
Power Roundup Global in which the reader is two-year ban on Australian coal making its
invited to join our team of international editors, way to the country. Traders in coal, prompt-
who provide a snapshot of some of the key issues ed by coal-hungry utilities across China,
affecting their regional beats in Asia, Africa, Cen- were given the green light on imports from
tral and Eastern Europe, as well as the global sum- Australia a month earlier, when authorities
mary of renewable energy and climate change in Beijing permitted four central govern-
mitigation. We hope you will like NRG Power’s ment-linked firms to open the door to Aus-
concise format, but by clicking on the headline sie coal.
link for each section the full text will be available.
If you would like to receive NRG Power Editor’s ENERGO: Wind, solar slash gas costs in EU by
Picks every week to your inbox for free then please $12.7bn since Russia invaded Ukraine
click on the link here and fill in the form. The growth of wind and solar power
has helped to cut natural gas costs by
AfrElec: Nigeria awards $1.3bn Zungeru hydro- €12bn ($12.7bn) in the EU since Rus-
electric plant contract to Mainstream Energy sia invaded Ukraine just over a year
Solution ago. The crisis in Ukraine brought to
Nigeria has awarded a contract to oper- light the high cost of relying on fossil
ate and manage the 700-MW Zungeru fuel imports. Russia is a major exporter
hydroelectric power plant to local energy of oil and gas.
firm Mainstream Energy Solution Ltd
(MESL). The Chinese-funded HPP, REM: US is developing enough wind, solar to
which is being built for $1.3bn in the reach net-zero target in 2050
north-western state of Niger, is expected A new report by Climate Central finds that
to provide a boost to Nigeria’s erratic America’s capacity to generate carbon-free
power supplies. energy from solar and wind power grew
dramatically during 2022. The capacity to
AsiaElec: China reacts to end of unofficial ban generate electricity from solar and wind
on Aussie coal increased across the country to more than
Chinese coal buyers have increased their 238 GW in 2022 – up nearly 13 GW from
forays into Australian coal purchases in the 2021.™

Week 10 08 •March•2023 www. NEWSBASE .com P15