Record low solar price poses challenge to coal: The winning price of US2.42c/kilowatt hour in a tender bid for a new utility-scale solar project in Abu Dhabi has set a new world-low-price record. The price, which is substantially lower than the previous record for a solar project which was set in Chile last month, indicates new coal projects in many locations are already uncompetitive with solar. (RenewEconomy, RenewEconomy) US coal production plummets: US coal production fell by 26 per cent in the first half of 2016. Powder River Basin mines in Wyoming and Montana produced 59 million tonnes, or almost one-third less, than in the same period in 2015. Declining domestic demand has been triggered by the retirement of old polluting coal plants. (SNL) NSW coal exports fall: For the first time in 15 years coal exports from New South Wales fell, recording a 1.9 per cent decline to 170 million tonnes. Total coal production in the state fell by 2.5 per cent to 247 million tonnes, as coal plant closures affect domestic consumption and the export market declines. NSW accounts for the vast majority of Australia’s thermal coal exports. (Sydney Morning Herald) Plans to retire India’s oldest plants move forward: With utilisation rates at coal plants at 60 per cent, an estimated 6000 MW of the country’s oldest and least efficient plants are likely to be retired by March 2017, with a further 24,000 MW of old plants slated for retirement subsequently. The 100 million tonnes of coal consumed by the retired plants is likely to be earmarked for newer, more efficient plants. (Platts) Rebuff for Filipino plant developers: The Energy Regulatory Commission has rejected 11 power supply agreements – including those for proposed major coal plants – between retailers and generation companies on the grounds they were “legally defective.” The country’s 13 existing coal plants – along with a dozen under construction – will also soon be subject to an audit to determine compliance with their Environmental Compliance Certificates (ECC). Thirteen proposed plants which have yet to receive their ECCs will also be reviewed. (The Philippine Star, Manila Bulletin) High met coal price prompts restart of Mozambique mine: Jindal Steel & Power has announced it plans to re-open its mothballed Chirodzi coal mine in Mozambique in response to the recent rise in the metallurgical coal price. The company, which suspended mine operations in February 2016, plans to produce 300,000 tonnes of coal a month and recommence its export operations. The company is also pushing to build a 150 megawatt (MW) power plant to use thermal coal produced from the mine. (Bloomberg, CoalSwarm)
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