AsiaElec - Asia Power
CIL signs CBM development deal with Prabha Energy
State-run Coal India Ltd has reached a deal with Prabha Energy for the commercial extraction of coal-bed methane (CBM) from one of its one blocks.
South Korea to raise power prices
South Korea has blamed rising LNG, coal and oil prices for its decision to raise retail power prices by KRW3 ($0.0025) per kWh from October, its first such increase since 2013.
Coal investment in power-poor countries continues to hold up
Investment in new coal-fired power plants has proved to be strong in countries with low access-to-power rates, a recent report from the Climate Policy Initiative (CPI) and SEforALL warned.
Chinese investment in Africa rises in 2021
Chinese investment in Africa rose to $2.96bn in 2020, despite the impact of global pandemic on economies.
Chinese hydrogen interests call for 100 GW of green hydrogen by 2030
China’s hydrogen industry has urged the government to set a target of 100 GW of green hydrogen electrolyser capacity by 2030.
AIIB, IRENA sign Asian green support deal
The AIIB and IRENA have signed a memorandum of understanding committing to work together to support Asia’s energy transition and mobilise more private capital for renewable energy.
Bloomberg, Goldman Sachs launch $25mn Climate Innovation Fund for India, Vietnam
Bloomberg Philanthropies and Goldman Sachs have launched a $25mn Climate Innovation Fund to support sustainable low-carbon economic development in South and Southeast Asia.
No new coal for China
China is to abandon financial support for the construction of new coal-fired power plants abroad as part of Beijing’s wider plans to reach net-zero emissions by 2060.
AsiaElec: Vestas wins 101-MW wind turbine order from India’s ReNew Power
Denmark’s Vestas has secured a 101-MW wind turbine order from Indian independent ReNew Power.
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