Fresh Doubts on Viability of Galilee Basin Becoming a Supplier of Coal to India

first_img FacebookTwitterLinkedInEmailPrint分享From World Coal:New analysis from the University of Queensland (UQ) has thrown into doubt the long-term viability of delivering Galilee Basin coal to India. According to UG Global Change Initiative Researcher, Lynette Molyneaux, the economic profile of many of India’s energy-poor states is unsuited to supporting coal-fired power.The research calculates the costs of supplying Galilee Basin coal to new coal-fired power plants in one such state – Bihar in northeast India on the border with Nepal. The costs included a percentage of the amount required to buy and develop the Abbot Point coal terminal, as well as projected costs to ship the coal to the Indian port of Paradip and then rail it from Paradip to Bihar. This was then compared to the costs involved in deploying a decentralised micro-grid in the same region.“We estimate it would cost about US$94/t to deliver Galilee Basin coal to Bihar,” said Molyneaux. “Overall, we found that it would cost about US$29 billion over 20 yr to supply even a modest amount of electricity to each household in Bihar.”“The elephant in the room for proponents of coal-fired power to relieve energy poverty for the rural, agrarian poor is that remote rural locations have little or no industry to underwrite the costs of electrification,” Molyneaux concluded. “Coal-fired power stations are not designed to run for just a few hours a night, which is what the 15.8 million households in Bihar need to light their homes and charge their mobile homes.”As an alternative model, Molyneaux points to the solar panels installed on people’s homes in Bangladesh, which have reduced the use of noxious fuels and provided employment for up to 100 000 people. The research – ‘Rural Electrification in India: Galilee Basin Coal versus Decentralised Renewable Energy Micro-Grids’ – is published in the April issue of Renewable Energy.The UQ research is by no means the only one to questions the Galilee Basin developments. More harmfully, the financial community has also raised questions over the commercial viability of projects in the Galilee Basin –which include Adani Mining’s Carmichael project and GVK Hancock’s Alpha and Kevin’s Corner projects.In August, Australia’s Commonwealth Bank resigned as the financial advisor to the Carmichael project as it was “finding it increasingly difficult to justify its involvement in a project which was both harmful to the environment and commercially infeasible,” according to a December 2015 note from BMI Research.This was a significant blow, according to BMI Research, which described the situation as “grim”. Without the support of an Australian bank, which foreign banks rely on to do the necessary due diligence and for on-the-ground knowledge and expertise, Adani is unlikely to be able to secure sufficient for the US$16.5 billion project: a briefing from the IEEFA’s Tim Buckley noted last September that the project was “increasingly unbankable” with fifteen of the world’s largest financial houses having either ceased or ruled out involvement.“The Carmichael project is far from financial close and the first commercial coal remains and remote prospect,” concluded Buckley. Similar problems face GVK Hancock, which is also yet to secure funding for its Galilee Basin projects.“The prospects for further coal production in Australia remains grim due to the environment of persistently low coal prices and the increased reliance of India and China on their domestic thermal coal production to fuel their thermal power plants,” concluded BMI Research, which expects the country’s production to reach 498 million t by 2019 – only slightly higher than the 481 million t forecast in 2016.Research continues to question financial viability of Galilee Basin coal projects Fresh Doubts on Viability of Galilee Basin Becoming a Supplier of Coal to Indialast_img read more

Golden Ball for Draxler as Germany wins Confederations Cup

first_imgShare on: WhatsApp Julian Draxler fired wide of the post, then Goretzka, who scored twice in the 4-1 semi-final win over Mexico, wasted a great chance by firing straight at Bravo just before the break.Chilean tempers started to fray, and approaching the hour mark Joshua Kimmich squared up to Vidal, who pushed the German away. The Bayern Munich team-mates were both booked.Then Werner was left clutching his jaw after an elbow in the face from Jara near the touchline, the Serbian referee deciding to award a yellow card to the defender after reviewing the incident.The South Americans battered the German goal in the final 20 minutes but Sanchez’s shot was blocked and Ter Stegen then saved from Eduardo Vargas.With time running out, both Vidal and substitute Angelo Sagal fired over the bar, but the German defence held firm. It proved costly as Diaz’s calamitous mistake and Werner’s quick thinking led to Stindl’s match-winner.Diaz dithered on the ball on the edge of his own box, allowing Werner to pounce. He then drew lunging Chile goalkeeper Claudio Bravo and squared to Stindl, who tapped home.Having fallen behind, Chile upped the pressure to force an equaliser which left space at the back for Germany to counter-attack.center_img Stindl tap-in wins Germany Confederations CupSaint Petersburg, Russia | AFP | Lars Stindl’s simple tap-in, following a costly first-half blunder by Marcelo Diaz, was enough to give Germany a 1-0 win over Chile in the Confederations Cup final on Sunday.Diaz’s momentary lapse in concentration let Timo Werner rob him of possession, draw the goalkeeper and pass to Stindl, who scored into an empty net on 20 minutes in Saint Petersburg.This is the first time Germany, the defending world champions, have won the Confederations Cup in the eighth edition of the pre-World Cup tournament.The video assistant referee (VAR) again came into the spotlight as Chile’s Gonzalo Jara was lucky not to be sent off in the second half.Despite his elbow in the face of Werner midway through the second half being reviewed by the VAR, the defender was only booked.Werner, Stindl and Leon Goretzka all finished with three goals but RB Leipzig striker Werner took the top scorer’s prize by virtue of also supplying two assists.Despite dominating for long spells, Chile failed to turn 61 percent possession and 20 shots — compared to the Germans’ eight — into goals.The South Americans kept the same team which squeezed past Portugal 3-0 on a penalty shoot out after a goalless draw in the semi-finals.Meanwhile, Germany’s only change from the team which beat Mexico 4-1 in the last four saw defender Shkodran Mustafi replace Benjamin Henrichs.Chilean fans turned the Saint Petersburg Stadium into a sea of red and merciless pressing by La Roja early on saw Charles Aranguiz and Arturo Vidal cause havoc in the Germany defence.Eduardo Vargas had the first clear shot on 11 minutes which flew into the grateful arms of Germany goalkeeper Marc-Andre ter Stegen.The South Americans then wasted a golden chance when Vidal’s shot was blocked by Ter Stegen and Alexis Sanchez could not connect with the loose ball.last_img read more

Roger Stone to be sentenced despite controversy

first_imgJudge Amy Berman Jackson will still give Stone time to make challenges in his case after he is sentenced. That means that even if the judge sentences him to jail this week, he won’t be detained right away. Judge Amy Berman Jackson declared Roger Stone to be sentenced on Thursday as scheduled, after rejecting requests from the defense for a delay over concerns of jury misconduct.Roger Stone, ex-Trump advisor, was convicted last year on 7 charges of obstruction, witness tampering and lying to Congress on charges that stemmed from former Special Counsel Robert Mueller’s investigation.Jackson’s decision comes after Stone’s defense made a second request for a new trial last Friday.Judge Holds Special Hearing in Roger Stone Case Todaylast_img

Authorities respond to shooting in Sebastian, Florida

first_imgAuthorities in Sebastian, Florida are currently responding to a shooting at a restaurant.The incident was reported at Giuseppe’s Pizzeria on 935 Sebastian Blvd.Not much is known about the incident at this time, however, authorities have set up an area to speak with the media.Authorities are also asking people to avoid the area.last_img