AsiaElec - Asia Power
Philippines’ San Miguel scraps plans for three coal plants
The Philippines’ San Miguel Corporation has abandoned plans to build 1,500 MW of coal-fired capacity at three plants across the country.
Bechtel wins FEED contract for Vietnam’s Bac LNG-to-power project
Singapore’s Delta Offshore Energy has awarded Bechtel a front-end engineering and design contract for its 3,200-MW combined cycle gas turbine power plant in the Bac Lieu province in Vietnam.
Green hydrogen needs supportive energy policies and lower costs
Green hydrogen is currently five times more expensive than grey hydrogen, meaning that the renewable fuel is unlikely to affect the credit profiles of EMEA integrated utilities in the next few years, Fitch Rating said in a recent report.
UN’s Green Climate Fund provides $501.1mn for four new climate projects
The UN’s Green Climate Fund (GCF) has allocated $501.1mn for four new climate projects around the world.
Indian coal production drops 2%
India's total coal production fell by 2.02% to 716.084mn tonnes during the year to March 2021.
Chinese win $241mn contract for Pakistani hydro expansion
A joint venture of Harbin Electric International Company and Harbin Electric Machinery Company have won a $241.1mn contract for electro-mechanical works for the 1,530-MW Tarbela 5th Extension Hydropower Project in Pakistan.
ASIAELEC: Siemens Gamesa’s typhoon-proof offshore turbine surges ahead
Siemens Gamesa’s latest offshore turbine design has been certified typhoon-proof by international regulators, its second model to receive such a rating from TÜV NORD.
13,000 shovel-ready green projects could kick-start post-COVID recovery
13,000 shovel-ready renewable energy projects have the potential to provide 22% of the emission reductions needed to meet the UN’s Paris goals and 10mn potential new jobs, research from EY and the European Climate Foundation (ECF) has found.
China trims 2030 gas goal
The country’s energy planners have reduced gas’ projected share of the 2030 primary energy mix from 15% to 12%.
AFRELEC: Chinese withdraw from ambitious Zimbabwe coal power plans
The Industrial and Commercial Bank of China (ICBC) has abandoned plans to finance the $3bn, 2,800-MW Sengwa coal power project in northern Zimbabwe.
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