AsiaElec - Asia Power

Indonesia seeks new partner to replace Russian firm Zarubezhneft for Tuna Block’s gas project

Indonesia aims to replace sanctioned Russian firm Zarubezhneft in the gas-rich Tuna Block this year

Indonesia is confident in EU Biofuel showdown, eyes trade deal by 2024

Indonesia is betting big on winning its lawsuit against the European Union's biofuel restrictions and insists it won't derail their long-awaited trade pact

China building up electric auto infrastructure in Central Asia

An update on infrastructure development and investment in Central Asia.

Hydropower giant Hua Na debuts on HoSE with over VND4 trillion valuation, despite profit dip in 2023

Hua Na Hydropower Joint Stock Company, the investor behind the 180MW Hua Na Hydropower Plant, is poised to make its grand entrance on the Ho Chi Minh City Stock Exchange

Nepra okays second power tariff hike for Karachiites

On January 3, Pakistan’s National Electric Power Regulatory Authority approved a second power tariff increase within a week for consumers of K-Electric

Malaysia’s coal prices rebound, CPO weakens due to global factors

The commodity market witnessed a resurgence in coal prices for January 2024, recovering after a 6.72% dip

AsiaElec: Quang Tri solar and wind projects attract Singaporean and Taiwanese investors

Quang Tri solar and wind projects attract Singaporean and Taiwanese investors

Foreign investors eyeing Quang Tri's solar and wind energy potential with potential stake purchases include Singaporean and Taiwanese companies

Shin Hanul Nuclear Plant expands with second unit grid connection

South Korea's nuclear energy capabilities have received a significant boost as the second unit of the Shin Hanul nuclear power plant has started supplying electricity to the national grid

China creates new nuclear fusion body

In a major stride towards pioneering the future of energy, China unveiled the formation of the China Fusion Corporation on December 29

EVN to announce monthly electricity output to avoid summer shortages

The electricity agency of Vietnam will announce the mobilised electricity output on a monthly basis to help factories and units make contingency plans and avoid power outages during the upcoming summer season

Indonesia's energy transition program receives $775mn green financing boost

State-owned electricity company PT PLN has successfully secured $775mn in green loans from multiple national financial institutions

Vietnam's power giant EVN posts record loss, warns of potential 2024 shortages

Vietnam Electricity Group, the country's state-owned power giant, has announced a staggering estimated loss of $680mn for 2023

Setback for Sinopec: Kuqa Green Hydrogen Project delayed until late 2025

In a far-reaching development for China’s efforts to expand its green hydrogen output, Sinopec has conceded that its Kuqa green hydrogen project, currently the world’s largest, will not reach full operational capacity until late 2025

NREI, a joint venture of RATCH Group, acquires 30MW hydropower plant in Vietnam

Nexif Ratch Energy Investments Pte. Ltd., a joint venture of RATCH Group, has successfully acquired a 100% stake in the Minh Luong hydropower plant in Vietnam for approximately $25mn

India’s SJVN pins down 100-MW solar project in Gujarat

In a much lauded advancement in India's renewable energy sector, SJVN Limited has successfully acquired the rights to develop a 100-MW solar power project

UPC Renewables sells wind power assets in Indonesia

In a significant move to bolster renewable energy in Indonesia, PT Barito Wind Energy and ACEN Investments HK Limited have finalised a sale and purchase agreement to acquire UPC Renewables Asia Pacific Holdings' late-stage wind development assets

Bangladesh energy report urges shift to renewables

The Centre for Policy Dialogue has called upon Bangladesh's political factions to actively participate in steering the country towards renewable energy

Temporary halt in Indonesia's coal downstream project as US company withdraws

The Ministry of Energy and Mineral Resources has recently announced a temporary suspension of the coal downstream project, specifically coal gasification into Dimethyl Ether, in Indonesia

Final COP28 agreement is a cop-out

The final COP28 agreement calls for a "historic" transition away from fossil fuels and a trebling of renewables. But in the end it seems the fossil fuel lobby won.

ThorCon Power Indonesia to collaborate with state-owned enterprises for nuclear power plant development

PT ThorCon Power Indonesia, a subsidiary of the U.S.-based nuclear power plant company ThorCon, is set to collaborate with a State-Owned Enterprise to establish a joint operating company for the development of a nuclear power plant

Powering a sustainable future: Vietnam seeks to boost domestic renewable energy production

Vietnam, a rising star in Southeast Asia's renewable energy scene, is aiming to accelerate its domestic production of solar and wind power solutions

Inpex given green light on Abadi LNG project in SE Indonesia

Inpex has been given the green light on the much anticipated $20bn Abadi LNG project

PTT Exploration and Production sets 5-year investment plan of $32.5bn, aims to grow sales by 9%

PTT Exploration and Production, Thailand's largest oil and gas exploration and production company, has unveiled its five-year investment plan of $32.5bn

Indonesian-owned electricity company PLN and UAE's TAQA join forces for sustainable energy future

Indonesia's state electricity company, PT PLN, has inked a Memorandum of Understanding with Abu Dhabi National Energy Company

Laos embraces green finance: partnering with IFC to cultivate a sustainable future

The Central Bank of Laos and the International Finance Corporation have formed a partnership to boost green finance initiatives within the country

Laos takes a dive into sustainable power: floating solar project takes flight

Laos is diving headfirst into the world of renewable energy, with a focus on cutting-edge floating solar technology,

REM: COP28 agrees to triple renewables by 2030

COP28 agrees to triple renewables by 2030

COP28 ran overtime, and nearly 200 countries finally agreed to transition away from fossil fuels, and to triple renewable energy and double energy efficiency.

China’s largest onshore wind facility begins full-power operation

China’s largest onshore wind power project, with an electricity generating capacity of more than 10 TWh a year, has reached full-capacity production and was connected to the grid in north China’s Inner Mongolia Autonomous Region.

Infroneer to buy wind company hit by racehorse bribes for $1.4bn from Bain

The Japanese civil engineering consortium, Infroneer Holdings, plans to acquire Japan Wind Development, a wind power firm, from US private equity giant Bain Capital, in a transaction estimated at JPY200bn ($1.36bn).

Equinor, Korea Southern Power may partner on offshore wind

Korea Southern Power and Norway’s Equinor have signed a memorandum of understanding to explore a potential partnership on offshore wind projects in South Korea near Chuja Island.

EGCO Group to expand into Indonesia with $194mn investment in infrastructure company

EGCO Group, a leading energy company in Thailand, has announced that its subsidiary, Phoenix Power B.V., will acquire a 30% stake in PT Chandra Daya Investama, an Indonesian infrastructure company

Domestic player lags behind as foreign giants feast on Vietnam's solar battery boom

Vietnam's solar battery market is experiencing explosive growth, projected to reach a value of over $3bn by 2030

Malaysian palm oil futures dip on reduced exports amid weaker demand and cold weather start

Malaysian palm oil futures experienced a decline on December 11 attributed to a decrease in exports, reflecting subdued demand at the onset of colder weather

Barito Renewables Energy expands portfolio with acquisition of wind power plant in South Sulawesi

PT Barito Renewables Energy Tbk has reached a preliminary agreement to acquire 100% of the shares of PT UPC Sidrap Bayu Energy

PGN, PTGN and PGE forge gas agreement with PT Pupuk Iskandar Muda for Aceh and North Sumatra industries

PT Perusahaan Gas Negara Tbk. in collaboration with PT Pertagas Niaga and PT Pema Global Energi, recently concluded a significant Gas Sales and Purchase Agreement

Phnom Penh reveals plans for Cambodia’s first ever LNG-fired power plant

The government of Cambodia has revealed plans to construct its inaugural gas-fired power station in Botum Sakor

Economist highlights consumer benefits in open electricity market for Indonesia

Consumers stand to gain from the open electricity market policy, and there is no cause for concern as the electricity market opens up to various players, according to Ryan Kiryanto, a senior economist

Malaysia and Brunei introduce ASEAN Climate Change Centre at COP28

Malaysia and Brunei Darussalam jointly introduced the ASEAN Climate Change Centre (ACCC) during the United Nations Climate Change Conference

Vietnam needs over 74mn tonnes of coal for power generation in 2024, with 26mn tonnes to be imported

In accordance with the planning decision for electricity production in 2024, coal-fired power plant investors are mandated to secure a total of over 74.3mn tonnes of coal for the upcoming year's electricity generation

IREDA shares hit 20% upper circuit

Indian Renewable Energy Development Agency shares experienced a robust surge, climbing 20%

Indonesian oil distributor AKR Corporindo initiates LNG venture in Java's KEK JIIPE, eyes 2027 operation

PT AKR Corporindo Tbk, a prominent player in the oil distribution sector, is gearing up to launch a liquefied natural gas project within the Java Integrated Industrial and Port Estate