CA-Black-Transp

Ratepayers Will Pay Billions for Alberta’s Climate Plan

The Alberta government will try to challenge a regulation it said will saddle consumers with billions of dollars in losses from coal-fired power agreements, according to The Canadian Press. The regulation, which passed in 2000 protecting power companies by allowing them to hand back agreements to buy electricity from coal-fired plants if actions by the government make them less profitable. The government estimates these power purchasing arrangements (PPAs) could cost consumers up to $2 billion by 2020.

Read more ...

Donkin Mine to Produce 2M Tons Per Year

By the summer of 2017, U.S.-based Cline Group’s Donkin underground mine in Canada’s Nova Scotia province is expected to be producing coal at the rate of approximately 2 million tons annually, according to the company’s Kameron Collieries subsidiary. The mine, which will extend for about a mile and several hundred feet below the Atlantic Ocean along Cape Breton’s rugged northeastern coastline, is estimated to produce its first coal late this year or in early 2017.

Read more ...

China’s Coal Production Plummets in May

China’s coal production declined sharply in May as measures to cut capacity began to take effect, Xinhua reported. Total output of coal mining companies with annual revenue of more than 20 million yuan ($3 million) dropped 15.5% year on year in May, according to the National Development and Reform Commission.

Read more ...

Dubai Invests in Clean Coal Project

Dubai’s government-owned utility, DEWA, recently signed agreements with a consortium, that includes China’s Harbin Electric and Saudi Arabia’s ACWA Power, to build and operate a 2,400 megawatt (MW) clean coal power plant.

Read more ...

Swedish State Confirms Vattenfall’s Lignite Divestment

During April, Swedish power producer Vattenfall submitted a proposal to sell its German lignite operations to Czech energy company EPH and its financial partner PPF Investments. After having reviewed the proposal, the owner (Sweden) has now confirmed that it stands behind the divestment.

Read more ...