Following a government directive for coal mines in Chongqing to re-evaluate its coal mine operations, Chongqing Energy has had to close its Chongqing-based coal mines since January.
Sembcorp Industries, on Aug 2, announced that it will record an impairment of $212 million for its 49%-owned joint venture (JV) Chongqing Songzao Sembcorp Electric Power Co in its 1HFY2021 financial statements.
Chongqing Songzao operates a 1,320MW mine-mouth coal-fired power plant in Chongqing, China with coal taken from its JV partner Chongqing Energy Investment Group’s coal mines.
