All posts tagged: Adani

Escalating Financial Risk in Adani’s Abbot Point Coal Terminal: IEEFA

New analysis by The Institute for Energy Economics and Financial Analysis (IEEFA) finds that Adani’s Abbot Point Coal Terminal is excessively leveraged, promises negative shareholders equity, and runs the risk of becoming a stranded asset if Adani’s proposed Carmichael mine does not get the A$1 billion Australian taxpayer subsidy it seeks.

HoldfastEscalating Financial Risk in Adani’s Abbot Point Coal Terminal: IEEFA
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Ministery Goyal says India needs coal imports. IEEFA responds.

Commenting on reports that Energy Minister Piyush Goyal said India would be forced to keep importing coal, including from the proposed Carmichael mine in Queensland, Tim Buckley, Director of Energy Finance Studies Australasia at IEEFA said:

Some Indian power plants may have been designed to run on foreign coal, but they can no longer afford to do so. This can be seen by the economics of Adani Power’s 4.6GW Mundra import coal-fired power plant and Tata Power’s 4.0GW Mundra plant, both of which are no longer competitive.

HoldfastMinistery Goyal says India needs coal imports. IEEFA responds.
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Adani Enterprises Carmichael Proposal: IEEFA

Commenting on reports that the Carmichael mine has been given the final go ahead from the Adani’s Indian Parent, Adani Enterprises Ltd Tim Buckley, Director of Energy Finance Studies, Australasia for IEEFA said:

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Adani Enterprises Carmichael Proposal: IEEFA
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Adani’s Carmichael proposal a long way from reaching financial close: IEEFA

Tim Buckley, Director of Energy Finance Studies, Australasia for Institute of Energy Economics and Financial Analysis: The latest political manoeuvrings by Adani has wedged the Queensland government into conceding a massive taxpayer funded $575m loan in the form of a royalty deal. This is yet another taxpayer subsidy to a foreign billionaire, alongside the Federal Government’s Northern Australia Infrastructure Facility (NAIF)’s $900m. However, after seven years of talking, Adani Enterprises has not demonstrated how it intends to reach a legally binding, fully funded “Financial Close” on the Carmichael proposal.

HoldfastAdani’s Carmichael proposal a long way from reaching financial close: IEEFA
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Clergy call on Commbank to rule out Adani: Australian Religious Response to Climate Change

Monday, May 8, 2017: Clergy are among a faith contingent joining a peaceful protest today outside the Commonwealth Bank’s headquarters. People from Presbyterian, Catholic, Buddhist and Uniting Church backgrounds are first celebrating outside of Westpac’s headquarters, their recent decision to rule out finance for Adani’s coalmine in the Galilee Basin. They are then marching over to Darling Harbour to challenge CommBank to do the same. 

HoldfastClergy call on Commbank to rule out Adani: Australian Religious Response to Climate Change
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