Cirebon 2 Bribery Case and Japanese Mega Bank Loans
Korean Hyundai Engineering and Construction (Hyundai), the company building the Cirebon 2 coal-fired power plant in Indonesia, has been accused of bribery and corruption. Japanese commercial banks, Mizuho, MUFG, SMBC, and the Japan Bank for International Cooperation (JBIC), a public bank, are among the financiers.
Japan is still Fuelling Asia’s Coal Power Expansion
A day before the Global Climate Strike, Urgewald launched a new update of the Global Coal Exit List (GCEL). This database says that coal business of 25 Japan based companies is spread across multiple countries from Australia to Bangladesh. Altogether, Japanese companies are developing 30 GW of new coal power capacity.
Japanese trading houses and the coal exit: Comments on Marubeni coal policy update
Marubeni states that it has pulled out of the Morupule B project in Botswana (2 units of 150 MW each) and sold off two projects in Asia. NGOs welcome Marubeni’s exit from these three projects and encourage the company to withdraw from more coal projects as quickly as possible, including all that are currently at the planning or construction stage.
Yokosuka Climate Case – Summary of the first court date (October 2, 2019)
Energy company JERA Co. is proceeding with construction of its proposed large-scale coal-fired power plant in Yokosuka City, Mr. Koizumi’s home town. Local residents and supporters filed a formal legal challenge against the Minister of Economy, Trade and Industry, seeking cancelation of the notice of finalization of the environmental impact assessment (EIA), which had paved the way for the construction of two new coal-fired generating units at the Yokosuka power plant. The first court date was on October 2 and more than 120 people gathered at the courthouse, including plaintiffs and supporters.
New report: Land of the Rising Sun and Offshore Wind
Cheaper for Japan to build new offshore wind than run coal plants by 2025, calling into question the government’s pro-coal stance and its implications for energy consumers