Coal news and updates

· Plant threatens coal limits in $15.5 billion transition deal

· US State Department urges Vietnam to stick with agreement

Plans to build a new coal plant in Vietnam are drawing scrutiny from rich nations that bankrolled a multi-billion dollar finance package designed to help the Southeast Asian nation shift away from the fuel.

At issue is the 2.1-gigawatt Song Hau 2 power plant, now advancing with a grid connection agreement and a nearly $1 billion loan, according to filings. The plant’s construction could put the country in breach of a limit on coal power generation embedded in the $15.5 billion “Just Energy Transition Partnership” — or JETP — announced in 2022.