AsiaElec - Asia Power
GAIL India to start receiving LNG from Qatar in April under five-year deal
Indian state-owned gas utility GAIL (India) Ltd will start receiving LNG under a five-year, 12 cargoes per year deal from Qatar Energy Trading from April
Cracks appear in EU plan to adopt Japan-style LNG model
The European Union is in the midst of assessing whether to adopt a “Japanese model” of direct investment in LNG projects as the bloc grapples with high energy prices and low gas storage levels.
Indian Renewable Energy Development Agency launches first-ever perpetual bond
Indian Renewable Energy Development Agency Limited (IREDA) has launched its first-ever issue of perpetual bonds for an amount of INR12.47bn ($150mn) at an annual coupon rate of 8.40%, the company said in a press release.
US grants historic approval to Holtec to build and design nuclear reactors in India
US-based Holtec International has been approved by the US Department of Energy (DoE) to build and design nuclear reactors in India
BHEL wins $1.4bn EPC contract for thermal power plant in India's Chhattisgarh
The Indian government-owned engineering company BHEL has been awarded an engineering, procurement, and construction (EPC) contract worth approximately INR118bn ($1.4bn) by Chhattisgarh State Power Generation Company Limited for a 2x660 MW plant
Malaysian government under scrutiny over Sapura Energy financial crisis
The company’s debt started ballooning due to aggressive expansion strategies that started in 2018, when it sought external financing to sustain operations, taking on multi-currency loans from various financial institutions.
India’s nuclear power generation capacity rises to 35,333 MW
India’s nuclear power generation capacity has increased from 22,480 MW in 2014 to 35,333 MW currently, while installed capacity has doubled from 4,780 MW to 8,880 MW
TPG acquires Siemens Gamesa’s wind turbine manufacturing business in India and Sri Lanka
Global alternative asset management firm TPG has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka, according to a TPG press release dated March 26.
Meralco seeks new nuclear partners for the Philippines after US firm withdraws
Meralco is actively searching for new collaborators in nuclear technology following the expiration of its agreement with US-based Ultra Safe Nuclear Corporation (USNC) on October 5 2024
Indonesia supports growth of solar module industry
Indonesia's Ministry of Industry is actively fostering the expansion of the solar module sector, a crucial component in the establishment of solar power plants (PLTS), to maximise the potential of renewable energy for electrification.
Temasek-backed Pentagreen, BII invest $80mn to boost Southeast Asia’s renewable energy
Pentagreen Capital, a debt financing platform backed by Temasek and HSBC, has partnered with British International Investment (BII) to invest $80mn in accelerating renewable energy deployment in Southeast Asia
Indonesia’s renewable energy push faces challenges despite vast potential
Indonesia is advancing its energy transition, notably through the $20bn Just Energy Transition Partnership (JETP), signed in 2022
Siemens invests $50mn in Indian renewable energy company
AMPIN Energy Transition, an Indian renewable energy company, has secured an investment of $50mn from Siemens Financial Services, the financing arm of Siemens AG
Japanese consortium eyes investment in Indian green ammonia project
A consortium of Japanese companies has signed a memorandum of understanding (MoU) to explore investment opportunities in a green ammonia production project in India
India to launch 12th round of commercial coal mine auctions
The Indian coal ministry will launch the 12th round of commercial coal mine auctions on March 27, the government said in a press release dated March 26.
HD Renewable expands Australian solar-storage portfolio with 795-MW acquisition
Taiwan’s HD Renewable Energy has secured development rights for 795 MW of energy storage and hybrid solar-storage projects in Australia via its partnership with local electricity provider Zen Energy.
Giga Solar strengthens renewable energy efforts in the Philippines with 50MW solar project
Taiwan’s Giga Solar Materials Corp., a prominent global provider of solar conductive pastes, is expanding its renewable energy footprint in the Philippines through its subsidiary, Wholesun Energy.
Laos gets ASEAN roadmap for net-zero emissions in energy sector
The ASEAN Centre for Energy (ACE) has launched a comprehensive roadmap to guide Laos toward achieving net-zero emissions by 2050, as part of the country's commitment under its Nationally Determined Contribution (NDC).
Vietnam to cut tariffs on US LNG, cars to ease trade surplus concerns
Vietnam will reduce tariffs on several US products, including liquefied natural gas and automobiles, as it seeks to address concerns over its large trade surplus with the United States, a finance ministry official said.
Gas Malaysia extends $1.5mn cash advance to joint venture with Tokyo Gas
Gas Malaysia Bhd has provided a MYR6.5mn ($1.5mn) cash advance to Gas Malaysia Energy Advance Sdn Bhd, a 66:34 joint venture with Tokyo Gas Engineering Solutions Corp, to enhance cash flow and optimise resource allocation within the group
ADB extends $150mn loan to boost adoption of EVs, low-emission commercial vehicles in India
The ADB and Shriram Finance have signed a loan agreement for $150mn to boost access to finance for micro, small, and medium-sized enterprises (MSMEs) in India for financing electric vehicles and low-emission commercial vehicles
Pakistani sugar company installs 200-KW solar power system
Pakistani sugar company Tariq Corporation Limited has adopted renewable energy to power its operations, the company said in a press release.
India balances renewables push with growing oil and gas ambitions
The country is making big investments in renewable energy but at the same time wants to produce and purchase more oil and gas
Indian Renewable Energy Development Agency raises $110mn through privately placed bonds
Indian Renewable Energy Development Agency Limited (IREDA) has raised INR9.1bn ($110mn) through the issuance of privately placed subordinated Tier-II bonds for a 10-year tenure at an annual coupon rate of 7.74%, it said in a press release
Malaysia passes CCUS bill to boost green economy and investment
Malaysia’s Dewan Negara has unanimously passed the Carbon Capture, Utilisation, and Storage (CCUS) Bill 2025, paving the way for increased investment and industrial growth while supporting the country’s decarbonisation efforts
Indonesia accelerates energy transition under Just Energy Transition partnership
The administration of President Prabowo Subianto is ramping up efforts to implement the Just Energy Transition Partnership (JETP), reinforcing its commitment to reducing emissions and achieving net zero by 2060 or sooner
Carbon capture, utilisation and storage not all it is made out to be
Carbon capture, utilisation and storage is being pegged as a possible saviour of Malaysia’s oil and gas industry if CO2 can be injected into old reservoirs in a process called enhanced oil recovery or enhanced gas recovery.
Australian energy market operator warns of sooner gas shortfall in the south
Australia’s energy market operator has revised its outlook to flag potential seasonal gas shortfalls in southern Australia from 2028
Australian opposition vows to fast-track NWS LNG extension
Australia’s opposition Coalition has vowed to fast-track a federal decision on extending the operating life of the 14.4mn tonne per year North West Shelf LNG project.
Think-tank calls on Australia to rethink future gas strategy ahead of elections
Overall, the report called for stronger policy leadership to align the gas and electricity sectors with Australia’s net-zero targets while safeguarding affordability, reliability and investment certainty.
Indian LNG imports from the US hit a record high of 7.25 bcm in 2024
India’s imports of LNG from the United States surged to an unprecedented 7.25bn cubic metres ( 256.05bn cubic feet) in 2024.
Energy demand surges, renewables increase substantially
The latest report from the International Energy Agency has revealed a significant rise in global energy demand in 2024, driven primarily by a sharp increase in electricity consumption.
Russian Power Machines wins $0.5bn arbitration in Vietnam
Russian engineering and machinery contractor Power Machines (Silovye Mashiny) of steel tycoon Alexei Mordashev (Mordashov) has won a $570mn arbitration award in an ongoing dispute over supplies to Vietnam’s PetroVietnam.
Cambodia connects 99% of villages to national power grid
Ninety-nine percent of Cambodia’s villages are now connected to the national power grid, the Ministry of Mines and Energy said on March 24, highlighting significant progress in the country’s energy sector over the past 15 years.
Laos signs $1.45bn clean energy deal with Chinese, Singaporean firms
Laos has signed a $1.45bn agreement with China Western Power Industrial and a Singapore-based construction firm to expand its clean energy sector, the companies announced in a stock exchange filing on March 24.
India’s first hydrogen-fuelled train likely to start operations in June
The launch of India’s first hydrogen-fuelled train is likely to be delayed to June due to some technical issues
Jindal India Renewable Energy wins 300-MW solar-plus-storage project in India
Jindal India Renewable Energy (JIRE), a subsidiary of the BC Jindal Group, has secured a letter of acceptance (LoA) from state-owned NHPC for a 300-MW solar-plus-storage project
Pakistan and Italy plan to expand cooperation in energy sector
Pakistan and Italy are looking to expand cooperation in the energy sector, especially in oil and gas
LG Energy secures battery supply contract for Polish ESS project
South Korean battery manufacturer LG Energy Solution Ltd. has signed an agreement to supply batteries for an energy storage system (ESS) in Poland, with deliveries set to begin next year.
MediaTek and Far EasTone secure offshore wind agreements in Taiwan
Taiwanese semiconductor firm MediaTek and telecoms provider Far EasTone Telecommunications have entered into two Power Purchase Agreements (PPAs) to acquire wind energy in Taiwan.
India auctions 12 coal mines in 11th round of commercial coal mine auctions
ndian government has auctioned 12 coal mines during the 11th round of coal mine auctions for commercial mining which was launched on December 5, 2024
ING strengthens sustainable investment in the Philippines
Dutch bank ING is strengthening its investment in renewable energy and sustainable digital infrastructure in the Philippines, citing the country’s economic stability and rising demand for green funding.
Thailand, South Korea ink deal to boost nuclear, space ties
Thailand and South Korea have signed an agreement to strengthen cooperation in nuclear energy and space technology, with a focus on peaceful nuclear development and clean energy solutions, officials said.
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