Coal news and updates

China’s state utilities can issue over $29 billion in bonds to buy fuel

Shanghai's largest coal power station

State-owned power generators in China have been granted permission to issue 200 billion yuan ($29.1 billion) in special bonds to raise funds to purchase natural gas, oil and especially coal to generate electricity. Ensuring sufficient fuel supplies will be a priority for the government this year in the face of high commodity prices, the state asset regulator said.