One of the world’s top power companies has announced that it will no longer be building coal-fired power plants once its final two projects are completed.
US-owned AES Corporation’s CEO Andres Gluski said the company will be completing coal-fired power plants in India and the Philippines, after which it will be ceasing construction of such facilities.
Gluski told the Barclays CEO Electric-Power Conference in New York the company continues to diversify its generation portfolio, although coal still accounts for 39 per cent of its total of 35,687 MW of installed capacity.
Almost all of AES’ coal plants worldwide are fully scrubbed to reduce sulfur dioxide and other emissions, and in India and the Philippines, AES is constructing coal plants equipped with supercritical technology to decrease pollution even more, he said. Still, “those will possibly be our last two coal plants.”
But while AES may be diversifying more into natural gas, renewables and battery storage, it is not giving up on coal. It is concentrating its efforts into modernising of existing plants to ensure environmental regulations are met.
AES owns 11,898 MW of generation in the US.
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