AsiaElec - Asia Power
Indian Energy Exchange achieves record volume in July
Indian Energy Exchange (IEX) achieved the highest ever total volume of 13,250mn units (MU) in July 2024, marking a 56% year-over-year increase.
MOL gets greenlight for wind-assisted LNG carrier
Japanese shipping giant Mitsui O.S.K. Lines was granted approval in principle from Nippon Kaiji Kyokai to commence design for a membrane LNG vessel, which will feature the installation of Wind Challenger, a wind-assisted power propulsion system.
US LNG exports shift from Europe to Asia in July
US LNG exports are increasingly being bought up by Asian purchasers at the expense of European buyers data for July deliveries revealed.
India's prototype fast breeder reactor moves closer to commissioning
India’s Atomic Energy Regulatory Board has approved loading fuel into the country’s Prototype Fast Breeder Reactor
Pakistan's coal demand expected to double by FY2030, study says
Coal demand in Pakistan’s power generation and industrial sectors is projected to double to 50mn tonnes by FY2030, driven by the government’s preference for utilising domestic coal resources, according to a study.
Indian coal production up 7% in July, reports coal ministry
Indian coal production in July reached 74.07mn tonnes, marking a 6.69% increase compared to the same month last year, the coal ministry announced on August 1.
Indian coal sector achieves highest growth among core industries in June 2024
The Indian coal sector demonstrated the highest growth of 14.8% among the eight core industries for June 2024, according to the Index of Eight Core Industries released by the Ministry of Commerce & Industries.
Pakistan explores coal imports from Kyrgyzstan for power generation
Pakistan is exploring the option of importing coal from Kyrgyzstan to meet its power generation needs until it transitions to using Thar coal.
BHEL secures order for methanol firing demonstration at NTPC’s Kayamkulam plant
Bharat Heavy Electricals Limited has received an order for the demonstration of methanol firing in a gas turbine at NTPC’s 350 MW Kayamkulam combined cycle power plant located in Kerela.
Malaysia’s state Sarawak gains control over natural gas assets amid push for economic independence
Sarawak, Malaysia's largest state, is on the verge of reclaiming control over its natural gas resources from federal entities, marking a significant stride in its campaign for greater economic autonomy
NTPC Renewable Energy to develop 630 MW-solar project in central India
NTPC Renewable Energy Limited is executing a solar project with a capacity of 630 MW at Barethi in Khajuraho, located in the central Indian state of Madhya Pradesh.
Germany's ib vogt signs PPA for 50 MW-solar PV plant in Bangladesh
German solar development platform ib vogt has signed a power purchase agreement for a 50 MW-solar PV plant in Bangladesh, the company announced on August 1.
India hits record coal production in 2023-24
India achieved its highest-ever coal production of 997.8mn tonnes in the fiscal year 2023-24, an 11.7% increase from the previous year, according to provisional data released by the Indian government.
India’s airports shift to green energy
In an effort to promote renewable energy, airport operators across India, including the Airports Authority of India, have installed solar power plants at various airports for on-site green energy generation
India adds over 214 GW of generation capacity in last decade, says power ministry
India has added over 214 GW of generation capacity in the last ten years, turning the country from a power deficit to a power surplus, the power ministry announced on August 1.
India’s exploitable hydro potential stands at 133.4 GW, minister says
India’s exploitable large hydro potential stands at 133.4 GW, Minister of State for Power Shripad Naik told the Lok Sabha, the lower house of Parliament, in a written reply on August 1.
Asian LNG imports climb as demand in Europe remains muted
Asia is poised to post its highest LNG import numbers since the start of the year in July as demand surges despite rising spot prices in the region.
India faces potential evening power shortages by 2027, report warns
India will likely face significant evening power shortages, of anywhere between 20 GW and 40 GW, by 2027 due to rapid electricity demand growth, even if all the thermal and hydro capacity currently under construction comes online as planned
Vingroup casts a wide net beyond electric vehicles
Singapore and US sign agreement to explore nuclear energy cooperation
Singapore has yet to decide on the adoption of nuclear energy, but it has taken a step towards exploring this option by signing a civil nuclear cooperation agreement with the United States
India’s nuclear plants deemed safe with expansion plans in motion
Indian Union Minister Dr. Jitendra Singh assured the lower house of India’s parliament, the Lok Sabha that nuclear power plants in India operate without any safety discrepancies
Wind and solar to make up 40% of China’s power capacity by year-end
Wind and solar power accounted for 38.4% of China's overall installed capacity in the first half of the year, surpassing coal-fired capacity, which fell to 38.1%, according to a report by the China Electricity Council (CEC).
China-based firm to construct 65-MW PV solar power plant in Negros Oriental
The government of the Philippines has announced a new partnership with Shanxi Electric Power Engineering Company Limited, a leading subsidiary of the China Energy Engineering Group, to build a large-scale 65-MW photovoltaic solar power plant
LongNeng Power launches first energy management contract in the Philippines
LongNeng Power has launched its first Energy Management Contract (EMC) project in the Philippines, aiming to help advance the country’s renewable energy sector.
Pakistan to highlight climate resilience at COP29
Indonesia’s renewable energy investment target for 2024 seen as challenging
The investment target for the Renewable Energy sector in 2024 is deemed difficult to achieve due to the lack of realised projects
Global solar panel glut caused by Chinese overproduction
There is an overproduction of solar panels worldwide, with production capacity exceeding demand by 2 TW. This surplus has led to falling prices.
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