AsiaElec - Asia Power

Beijing assures coal-fired plants of financial support

China is set to ensure financial backing for coal-fired power plants, as per an announcement by a government agency.

AsiaElec: Taiwan nears a decision on its nuclear future

Taiwan nears a decision on its nuclear future

The foremost contenders for the Taiwanese presidency have each presented policies regarding the nation's energy future, albeit with varying degrees of clarity.

Sembcorp expands renewable footprint in Vietnam with acquisition of Gelex subsidiaries

Vietnam Electricity Group's (EVN) second electricity price hike of 2023 sparks concerns

The hike, amounting to over VND86.4168/kWh (approximately $0.0035/kWh), follows a 3% increase in May, resulting in a cumulative surge of VND142.35/kWh in 2023.

Denmark, Vietnam green partnership, focus on renewable energy, green investments

In a recent press conference, Danish Ambassador to Vietnam, Nicolai Prytz, highlighted the deepening cooperation between Denmark and Vietnam through the establishment of a Green Strategic Partnership

TTA ventures into oil production with investment in Valeura Energy

Thoresen Thai Agencies PLC has initiated a strategic investment move into the oil and gas production sector

Myanmar's Ministry of Electricity inks solar energy deal with Power China Resources

Myanmar's Ministry of Electricity recently sealed a significant agreement to procure electricity from three solar energy power plants developed by China's Power China Resources

Vietnam Electricity Group announces 4.5% rise in average retail electricity prices

On November 9, 2023, Vietnam Electricity Group revealed a noteworthy increase in electricity prices, with the average retail price climbing

TotalEnergies and Real Steel Corp. collaborate on solar project in the Philippines

TotalEnergies ENEOS has forged a 10-year partnership with Real Steel Corporation in the Philippines to spearhead the development of a substantial 16.8-MWp solar rooftop photovoltaic system

President Joko Widodo to inaugurate Southeast Asia's largest floating solar power plant

The Floating Solar Photovoltaic project in Cirata, a renewable energy initiative, was officially inaugurated by President Joko Widodo on November 9

Indonesia's strategy for achieving net-zero emissions by 2060 unveiled

The Ministry of Energy and Mineral Resources has disclosed its comprehensive plan to expedite the energy transition and meet the net zero emissions target by 2060

Vietnam inaugurates its first waste-to-energy plant

Vietnam’s Green Star Environmental Company Limited, in collaboration with Chosun Refractories ENG and the Republic of Korea's SK Ecoplant, has unveiled the country's inaugural waste-to-energy plant

Successful non-nuclear steam turbine testing marks milestone at Fangchenggang nuclear plant

China General Nuclear has reported the successful completion of non-nuclear steam turbine testing at unit 4 of the Fangchenggang nuclear power plant.

Kansai Electric seeks 10-year extension for Takahama Nuclear Plant

Kansai Electric Power Company has officially applied to Japan's Nuclear Regulation Authority for an extension of 10 years to operate unit 1 at the Takahama nuclear power plant.

EU's $51.5mn disbursement to accelerate Vietnam's green energy transition

The EU has recently allocated an additional $51.5mn under its Global Gateway Strategy and European Green Deal agenda to bolster Vietnam's efforts in achieving net-zero emissions and combating climate change

India’s Ministry of Power urges state-owned firms to consider acquiring troubled power assets

India’s Ministry of Power has issued an advisory to encourage both states and power generation companies to participate in the corporate insolvency resolution process for the acquisition of struggling thermal power assets

Hinduja Renewables secures contract for NHPC's 3,000-MW ISTS solar power projects

Hinduja Renewables Ltd. clinched a major contract from NHPC Ltd to establish a 250-MW solar project at a highly competitive tariff rate of $0.03 per kilowatt-hour

India’s Thermax Ltd achieves robust profit growth in September quarter

Thermax Limited, a prominent player in the energy and environment management industry, has announced its financial performance for the quarter ending in September 2023

China to be home to more than 80% of global solar manufacturing capacity out to 2026

China will be home to more than 80% of the world’s polysilicon, wafer, cell and module manufacturing capacity from 2023 to 2026, having invested more than $130bn into the solar industry in 2023.

Shanghai Electric completes floating offshore renewables project

China’s Longyuan Power Group and Shanghai Electric Power Group have completed their deep-sea floating wind project which also makes use of solar photovoltaic and aquaculture energy.

Danish-Bangladeshi offshore wind project approved

Bangladesh has approved a $1.3bn investment proposal by a Denmark-Bangladesh consortium to build a 500 MW offshore wind farm, the first of its kind in Bangladesh.

Growth forecast in Thailand's electricity sector for 2024 amid renewable energy transition

The SCB Economic Intelligence Centre has revealed that Thailand's power production sector is poised to expand in 2024 due to the escalating electricity demand

India’s Vibrant Energy agrees third PPA with Amazon

In a significant development for the firm, India’s Vibrant Energy has signed its third power purchase agreement with global e-commerce giant Amazon

KPI Green Energy and Advait Infratech forge partnership with Uttarakhand Government for 500-MW solar park project

KPI Green Energy Limited and Advait Infratech Limited, two prominent players in the renewable energy sector, have officially signed an MoU with the Uttarakhand government to collaborate on a ground-breaking project.

Vietnam aims to boost green hydrogen economy with Korean investment

Vietnam is exploring the potential for a green hydrogen ecosystem, with the prospect of an annual GDP contribution exceeding $40bn and the creation of over 40,000 jobs in the Vietnamese economy