The move away from coal and nuclear power continues to gain momentum, as power generators in the Midwest, like Dominion, shutter aging reactors and sell off coal plants.
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Yanzhou indicates in its latest SEC filing June 29 that it has contracts to sell 50 tons of coal at an average selling price 17.6% higher than it received on the 80 million tons of total coal it sold in 2009.
If the EPA adopts the proposals that such green groups as the Natural Resources Defense Council are lobbying for, utilities that phase out their coal operations early would generate credits they could sell to other operators to keep their coal plants running longer.
"We can put up a coal plant and sell the power to industrial estates, " says Babar.
When local officials began breathing down their necks, the owners of Indonesia's biggest coal mine suddenly agreed to sell it at a discount of almost 40%.
The Press Trust of India reported Sunday that the government may sell a 10% stake in the coal miner in the next fiscal year starting April 1 to raise about 180 billion rupees.
It's trying to sell its solar product to industrial customers, including coal-fired plants, which would use both the sun and coal to make steam.
This is where it should sell if the cycle timely turns, but there are no indicators as yet that better steam coal pricing or a recovery in metallurgical coal is in the cards.
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By comparison, nuclear may seem expensive while coal will be considered dirtier, noting that wind and solar will also be tougher to sell.
The Bakries, who injected their coal mines into Bumi in 2010 as a way to raise cheaper capital, have a different idea: sell back the assets.
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