Vietnam likely to scale back coal plant construction program

first_imgVietnam likely to scale back coal plant construction program FacebookTwitterLinkedInEmailPrint分享Bloomberg:Vietnam may scale back a plan to boost coal’s role in its power generation as financial restrictions and local environmental concerns make it more difficult to build plants.The National Steering Committee for Power Development has recommended eliminating about 15 gigawatts of planned new coal plants by 2025 due to slow progress and the unwillingness of some regions to develop them, according to state-controlled news website VietnamPlus. The central government will have final say on the plan.The recommendation underscores how coal’s status as the cheapest and easiest option for developing countries to bring power to their people is being challenged on multiple fronts as richer nations shy away from the fuel. Global banks are refusing to lend, making it more difficult and costly to build plants burning the dirtiest fossil fuel, while costs are tumbling for competing renewable generation.Under the committee’s proposal, coal would provide about 37% of Vietnam’s electricity by 2025 instead of half as previously planned. Renewable power would help fill the gap, increasing to about a quarter of the country’s power from 13% in the existing version. The share for natural gas and major hydropower plants, which comprise most of the remaining capacity, would be left little changed.Vietnam is a flashpoint in the global debate about coal power. About 17 gigawatts of coal power is already under construction with another 29 gigawatts at various pre-construction phases, said Daine Loh, an analyst at Fitch Solutions. It has the fourth-largest pipeline of proposed plants, according to BloombergNEF, many of which have drawn financing in past years from lenders in Japan and other countries.Several banks in Japan, as well as South Korea and Singapore, last year joined lenders from Europe and the U.S. in limiting financing in the fuel because of concerns that climate change would mean the polluting projects would have to be shut before loans could be paid off. The departure of Asian lenders will likely be an inflection point in keeping new plants in places like Indonesia and Vietnam from being financed, BNEF analyst Allen Tom Abraham said in a Feb. 25 report. Private sector companies have proposed building about 20.3 gigawatts of coal plants in Vietnam through 2030, according to BNEF. Less than 8 gigawatts of that has reached financial close, and many of the remaining plants will never get financing, Abraham said.[Mai Ngoc Chau, Dan Murtaugh]More: Vietnam may back off from coal as plants get harder to buildlast_img read more

Syracuse defense misses out on 3 interceptions, allows 2 big plays in loss to Maryland

first_img Facebook Twitter Google+ Published on September 22, 2014 at 12:10 am Contact Phil: [email protected] | @PhilDAbb The Syracuse secondary yielded two lengthy, game-changing plays — and couldn’t create any of its own.Potential momentum-changers presented themselves in the form of three errant passes, but the Orange couldn’t haul in any of them in its 34-20 loss to Maryland in the Carrier Dome on Saturday. SU held the Terrapins’ receivers to two receptions longer than 30 yards, but they were pivotal.“I never felt like we gave ourselves a push in momentum throughout the course of the game to get on track,” head coach Scott Shafer said.The Terrapins’ first score of the day came on a well-placed 25-yard pass to the back of the end zone by quarterback C.J. Brown to receiver Marcus Leak, who beat SU cornerback Julian Whigham on a straight go route.UMD’s second touchdown came on a bubble screen from its own 10-yard line. A hole formed for Brandon Ross to shoot past four SU defenders and he took it 90 yards to the house.AdvertisementThis is placeholder text“I saw it developing,” safety Darius Kelly said. “The receivers did some blocking downfield, a good job of chopping us down and they got a play on us.”With Maryland ahead 14-13 early in the second quarter, Brown aired out a pass down the left sideline for Leak, who ran another go route with SU cornerback Brandon Reddish blanketing him.Reddish had his hands on the ball first, but Leak took a step infield before the pass came down and ripped it from Reddish’s grasp as the two tumbled to the turf at SU’s 17-yard line, a 46-yard pickup.The SU senior threw his hands around in frustration as Leak popped up pounding his chest.“It kind of haunts you for the rest of the game until the next time you get an opportunity,” Kelly said. “It makes us hungry to get the next one.”Kelly himself missed out on a pick, running downfield with his back to the line of scrimmage and an overthrown pass tipped his outstretched hands.Another chance for an interception eluded the Orange when, on Maryland’s next drive, SU nose tackle Eric Crume, running out toward the left flat, let a pass straight to him fall through his hands and incomplete.Said linebacker Cameron Lynch: “I just tell them they owe me one. They owe the team one and I think they’ll get them.” Commentslast_img read more