Coal news and updates

U.S. electric utility AES Corp said it would sell its equity interest in the Mong Duong 2 coal-fired power plant in the Quang Ninh province in Vietnam to a consortium led by a U.S.-based investor.

 

The deal is in line with the company's strategy to invest in renewables and LNG infrastructure as it expects to achieve zero emissions from electricity by 2050.

 

The company said it was making progress on the development of the 450 trillion British thermal units Son My LNG terminal with PetroVietnam and the 2,250 megawatt Son My 2 combined cycle gas power plant as part of its gas and renewables push.

 

Source: https://energy.economictimes.indiatimes.com/news