English summary of “石炭火力は止まらない(Unabated Quest for Coal-fired Plants) (2)”

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Here is the original Japanese version of the article.

English summary: South Korean Firm May Pull Out of Indonesia Coal Plant Project

One of Japan’s largest trading companies, Marubeni, is pressing ahead with plans to expand a controversial coal-fired power plant in Indonesia, despite signs that its South Korean partner is getting cold feet.

The $2bn project, already underway near Cirebon in West Java, has come under fierce criticism from local environmentalists who say it will cause health problems and premature deaths.

Marubeni is the biggest investor in the three-stage project, operated by Cirebon Electric Power, which was set up by a consortium of Japanese, South Korean and Indonesian companies in 2012. Marubeni, which holds a 32.5% stake, is the largest investor. The expansion would add a 1,000MW coal-fired power generation unit.

But Korea Midland Power Co (KOMIPO), which owns 27.5% of the project, may pull out of phase three. Its president, Park Hyung-gu, told a committee in Korea’s National Assembly on October 18th that the company wants to focus on renewable energy instead.

Many countries are shifting to clean power generation to meet the terms of the Paris Agreement, which was adopted to reduce global carbon dioxide emissions. Financial institutions around the world have also stopped financing coal plants. The Cirebon project raised eyebrows because environmental standards in Japan and South Korea would prevent it from being built in those countries.

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All the reporting was done by Waseda Chronicle, KCIJ Newstapa, and Tempo with the help of FoE Japan, an international environmental non-governmental organization, and WALHI, an Indonesian environmental non-governmental organization.

Waseda Chronicle, Japan’s nonprofit news organization, is supported by your donation.

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