More News

Power Utility

Staff Reporter

, Thailand

Published:

12 years ago

Thailand's Banpu bids $443M for Australian coal explorer

Banpu Pcl has offered to buy Mongolia-focused Australian coal explorer Hunnu Coal Ltd for A$423 million or US$443 million.

This is the first push into Mongolia's fast-growing coal industry by Thailand's largest coal miner.

The deal marks the latest acquisition for Banpu which has been expanding in Indonesia and Australia. Last year it acquired Australia's Centennial Coal for $2 billion.

It also highlights the growing race to mine coal from Mongolia to feed insatiable demand in China which relies on coal for about 70 percent of its energy. Inner Mongolia accounts for a large and growing slice of China's domestic coal supply.

The full story is available at Reuters.

Also Read

Australian launches 1.7 GW RE tender in Victoria and Tasmania

Hydropower output drops to 5-year low globally

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Australian launches 1.7 GW RE tender in Victoria and Tasmania

This is the country’s largest tender for the month of May.

Power Utility

2 days ago

Genesis Energy plans coal imports amidst decline in gas production

Local gas production was down by 33.4% YoY in April.

IPP

2 days ago

NTPC commits to develop up to 10 GW of renewable energy in Maharshtra

This is in partnership with Mahatma Phule Renewable Energy and Infrastructure Technology Limited.

Project

2 days ago

ReNew inks 5 PPAs to add 2.2 GW to its renewable energy portfolio

The deals will involve the construction of 1,500 MW of solar and 688 MW of wind projects.

IPP

2 days ago

Exclusives

Pressures mount for less desirable energy insurance placements in the region

Industry experts eye offshore investments as most attractive, yet more expensive.

Environment

3 days ago

Will the government pay for coal power exit in Vietnam?

The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.

IPP

Japanese utility firms into serious business of reselling LNG surplus

Declining local demand for LNG directs Japanese companies to the South and Southeast Asian markets.

Power Utility

India removes licence requirement to build transmission lines for bulk consumers

The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.

Event News

Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-Written / Partner

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.

Co-Written / Partner Celebrate your exceptional energy and sustainability initiatives with Asian Power

Co-Written / Partner Abu Dhabi Sustainable Water Solutions clinches two wins at Asian Water Awards

Technology VR and AR training are vital for the renewable energy workforce

Co-Written / Partner Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.