Tag: 上海夜网HN

Pending South Korea legislation could force halt to country’s coal plant export deals

first_img FacebookTwitterLinkedInEmailPrint分享The Korea Economic Daily:South Korea’s parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired plant deals under way at risk of being scrapped.Late last month, four lawmakers from the ruling Democratic Party proposed a set of bills, aimed at prohibiting utility Korea Electric Power Corp. (KEPCO), two state-run Korean banks and the state trade insurance provider from financing foreign coal projects.The draft bills concerning KEPCO, Korea Development Bank, Export-Import Bank of Korea (Korea EXIM) and Korea Trade Insurance Corp. are very likely to pass at the ruling party-controlled National Assembly next month.Under the proposed bills, the four state-run entities will be prohibited from participating in the construction and operation of coal-fired power plants abroad, as well as extending the life of existing plants. After passing through the National Assembly’s regular session, the bills will take effect immediately.South Korea is the world’s No. 2 coal power plant exporter in terms of orders received, winning $5.8 billion worth of orders between January 2013 and July 2020, according to EndCoal. China is the biggest coal power plant exporter for orders of $50 billion, nearly 10 times more than South Korea.But the new legislation may herald the collapse of the relevant industry in Korea. In particular, Doosan Heavy would be hard hit by a ban on the country’s financing of overseas coal plants, as this accounts for half of its overseas business. The company has already suffered from the South Korean government’s policy to phase out nuclear power.[Kyung-min Kang]More: South Korea moves in on overseas coal project financing ban Pending South Korea legislation could force halt to country’s coal plant export dealslast_img read more

Altenar targets cash out edge for Italian market

first_img Related Articles StumbleUpon Share Sportsbook software provider Altenar has welcomed reports that Italian sports betting operators will soon be allowed to offer cash out functionality to customers on a trial basis. According to Italian news agency Agimeg, this cash out introduction will arrive alongside another positive regulatory reform for operators, enabling them to cancel the payout of winning single bets emanating from ‘clearly wrong odds’, and reduce the payout accordingly when such odds are included as part of successful multiple bets. Once verified, this would be a dual boost for gambling operators still reeling from a turbulent close to 2018, in which the country’s new Lega-5Star coalition government confirmed the blanket advertising ban effective from 1 January 2019, and delivered a 2% gross gaming revenue (GGR) tax increase for both online sportsbook and retail betting services.There has been no official date provided for the proposed cash out trial period, but it looks likely to come at a good time for Altenar, who expects to go live with its first regulated customer for the market from the middle of March.Domenico Mazzola, Commercial Director at Altenar, said: “It is a big opportunity for us to enter a market where many region-specific sportsbook providers haven’t invested the resources to building cash out, simply because it wasn’t previously allowed.”He added: “Conversely, Altenar is equipped to come in and offer the full international experience – complete with cash out – from day one. Therefore, those who choose to work with our software will be ready to compete at the forefront of the market.” CT Gaming bolsters Italian profile with The Betting Coach  August 27, 2020 Share Submit TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Global Gaming adds sportsbook extension to Ninja property August 25, 2020last_img read more