AsiaElec - Asia Power

Investors propose massive offshore wind power projects in Vietnam

Two investors have proposed ambitious offshore wind power projects totalling up to 7,000 MW in Can Gio District, a move that could significantly boost the city’s renewable energy capacity

Gurīn Energy and Trinasolar forge key agreement for renewable energy project, eyeing export initiative to Indonesia

Vanda RE Pte Ltd, a joint venture majority-owned by Singapore's Gurīn Energy Pte Ltd, secured a significant framework supply agreement with Trinasolar, a global leader in photovoltaic (PV) and energy storage solutions.

South Korean households face 13% rise in electricity costs due to extreme August heat

Actis commits $600mn to Philippines’ largest solar power project

London-based investment firm Actis has formalised a significant $600mn investment into the Philippines, aiming to develop the country’s—and the world’s—largest single-site solar power project

Adani Group to continue supplying power to Bangladesh

Japan to provide $55mn loan to Cambodia for power network upgrade

Japan has announced a $55mn loan to bolster Phnom Penh’s electricity infrastructure, focusing on new substations, transmission and distribution lines, and the rehabilitation of existing facilities.

Green building gains momentum in Vietnam

Vietnam is witnessing a growing trend towards green construction, with potential for mandatory adoption in the near future

Samsung subsidiary joins forces with Vietnamese firm for rooftop solar power

Samsung C&T's Vista Global has teamed up with local player CME Solar Investments to accelerate the development of rooftop solar power in Vietnam

AsiaElec: President Jokowi urges global investment in Indonesia's green energy transition

President Jokowi urges global investment in Indonesia's green energy transition

On September 5, Indonesian President Joko Widodo called on developed nations to invest in the country’s renewable energy and climate initiatives, highlighting its vast potential for green energy development and carbon reduction

Singapore moves forward with green power imports from Indonesia

Singapore has granted five companies, including Adaro Solar International and Keppel Energy, the necessary conditional licences to move ahead with plans to import renewable energy from Indonesia

Pakistan planning to cut charges, taxes on imported LNG

The Pakistani government is planning to reduce charges and taxes on imported LNG in an effort to lower power tariffs

Bangladesh’s interim government to review power, energy deals from Awami League era

Bangladesh’s interim government is set to review all deals signed in the power and energy sector during previous Awami League administrations, according to a report.

India's coal ministry allocates three mines with 30mn tonnes annual capacity

The Indian Ministry of Coal announced on September 5 the allocation of three coal mines—Machhakata (Revised), Kudanali Lubri, and Sakhigopal-B Kakurhi—to NLC India Limited, Gujarat Mineral Development Corporation Limited, and TANGEDCO.

Sri Lanka's LTL Holdings targets African power sector

Sri Lanka’s LTL Holdings is expanding its footprint into Africa's power generation sector, with plans to explore independent power producer opportunities.

Japan expands energy subsidies with $6.6bn allocation amid rising costs

Japan's government has announced an additional allocation of JPY989.15bn (about $6.6bn) to address escalating energy costs, nearly exhausting this fiscal year's reserve fund intended to mitigate inflationary pressures.

EIB explores funding opportunities in Pakistan, focuses on key infrastructure projects

Pakistan's Economic Affairs Minister hosted a delegation from the European Investment Bank (EIB), led by Edvardas Bumsteinas, division head for Asia & Pacific, alongside representatives from the EU Delegation in Pakistan.

Reliance Industries secures 10 GWh ACC battery project under India’s PLI scheme

Mumbai-based conglomerate Reliance Industries has been awarded a 10 GWh Advanced Chemistry Cell battery storage project by India’s Ministry of Heavy Industries under the Production Linked Incentive scheme.

Vires Energy cancels Batangas FSRU terminal

Vires Energy Corp, a subsidiary of Filippino businessman Walter Brown’s A. Brown Co., is dropping its notice to proceed for an LNG terminal planned for Batangas in the Philippines.

Mexico Pacific secures 20-year LNG supply deal with South Korea’s POSCO

Mexico Pacific has sealed a 20-year supply deal with South Korean industrial giant POSCO to sell the company 0.7mn tonnes per year of LNG.

Laos wind power project to begin operations ahead of schedule

The 600 MW Monsoon wind power project in Laos is set to start trial operations in late December, two months earlier than the initially planned February 2025 launch,

Oriana Power secures INR2.48bn solar project order from BPCL in India

Mumbai-listed Oriana Power Limited has secured a new order valued at INR2.48bn ($30mn) from state-owned energy company Bharat Petroleum Corporation Limited (BPCL) for a solar project.

Malaysia's Solarvest secures $26mn contract for solar farm project in Pahang

Solarvest Holdings Bhd, through its wholly-owned subsidiary Atlantic Blue Sdn Bhd, has secured a MYR113.29mn ($26mn) contract under the Corporate Green Power Program (CGPP)

IREDA, State Bank of India explore partnership to boost India’s renewable energy sector

Indian Renewable Energy Development Agency Limited (IREDA) and India's leading bank, State Bank of India (SBI), are considering a partnership in the renewable energy sector, IREDA announced on September 3.

India's Larsen & Toubro establishes renewable EPC business vertical

With effect from September 1, India’s $27bn engineering, procurement, and construction (EPC) company Larsen & Toubro (L&T) has established a separate business vertical for renewable EPC.

Resco Global Wind Services raises INR3.5bn to capitalise on India's wind energy opportunities

Clean electricity set to break new records

The global shift to clean energy has achieved significant milestones that is expected to continue advancing at a steady rate, according to two new reports by BloombergNEF.

Laos considers electricity price adjustments

The Ministry of Energy and Mines (MEM) is exploring changes to electricity prices for the 2024-2028 period to ensure the long-term sustainability of electricity generation and supply.

Adani Green Energy, TotalEnergies to establish joint venture in India for solar projects

India's Adani Green Energy has approved binding agreements, including a joint venture agreement, with French energy giant TotalEnergies, enabling an additional $444mn investment by the French company into a new 50:50 joint venture entity.

Indonesia eyes $3.5bn in new business deals with Africa, aims to boost renewable energy sector

Indonesia is set to finalise business deals worth $3.5bn with African nations, focusing on the downstream development of the renewable energy sector to enhance economic value

Gensol Engineering and Matrix Gas & Renewables secure India’s first bio-hydrogen project contract

Mumbai-listed engineering company Gensol Engineering, in collaboration with Matrix Gas & Renewables Ltd., a green hydrogen developer and natural gas aggregator, has emerged as the lowest bidder for the EPC contract.

India's coal output rises 6.5% in April-August FY2024-25

India's coal production reached 384.08mn tonnes in the April to August 2024 period of FY2024-25, marking a 6.5% year-on-year increase, the Indian Ministry of Coal announced on September 2.