AsiaElec - Asia Power
BP signs 10-year LNG deal with China’s Zhejiang Energy
British supermajor BP has agreed to a 10-year LNG sales and purchase agreement with Zhejiang Energy.
Celios identifies 14 funding sources to support Indonesia’s socio-bioeconomic transition
The Center of Economic and Law Studies (Celios) has proposed 14 funding sources to finance Indonesia’s shift towards a socio-bioeconomic model, a progressive framework that combines social inclusion, environmental sustainability, economic growth
Date set for Taiwan referendum on possible nuclear restart
The announcement follows the passage of a motion in the Legislative Yuan to hold a referendum on the matter. The commission, an independent body tasked with overseeing referendum procedures, reviewed two proposed referendum questions.
ASEAN power grid cable linking Vietnam to Malaysia and Singapore touted as landmark summit achievement
POSCO unveils first LNG carrier in South Korea
POSCO Group, a major South Korean steel manufacturer, has taken a significant step into the energy sector with the launch of its first liquefied natural gas (LNG) carrier.
Cambodia greenlights 24 power projects
Cambodia's energy future just got a significant boost. Parliament has approved a landmark law guaranteeing payments for 24 new electricity projects, a crucial step to meet the nation's rapidly growing power demands.
India's Adani Power proposes talks regarding PPA with Bangladesh
India’s Adani Power Limited has approached the Bangladesh Power Development Board (BPDB) with a proposal to revise disputed issues in the Power Purchase Agreement (PPA)
India's NTPC Q4 profit up 22.6% q/q
Indian state-owned power producer NTPC Ltd reported a 22.6% quarter-on-quarter rise in consolidated net profit for Q4 FY24
Gas Malaysia launches nation’s first biomethane hub, targets break-even in seven years
Gas Malaysia Bhd has introduced Malaysia’s first centralised biomethane injection station, with operations slated to begin in the second half of 2025
Malaysia drives regional EV ambitions at Automechanika Kuala Lumpur 2025
Faizal noted that Malaysia’s automotive strategy supports its net-zero carbon targets and reinforces Environmental, Social, and Governance (ESG) principles.
Japan eyes green energy and data centre investments in Malaysia amid ASEAN power grid push
Japanese firms are showing growing interest in backing the ASEAN Power Grid (APG) initiative, including a key submarine cable link between Sarawak and Johor, as part of a broader push into green and infrastructure investments in Malaysia
Indonesian gas distributor PGN secures West Natuna gas for domestic market under new swap deal
State-owned gas distributor PT Perusahaan Gas Negara (PGN) has bolstered its domestic gas supply through two strategic deals with the West Natuna Group, backed by full government support
Indonesia replaces LG with China’s Huayou in $9.8bn EV battery megaproject
Chinese battery giant Huayou has officially replaced South Korea’s LG Energy Solution as the lead investor in the $9.8bn “Proyek Titan,” the country’s flagship EV battery initiative.
Solar rises to third place in Pakistan’s energy mix
Solar energy contributed more than 14% of Pakistan’s electricity in 2024, a significant jump from just 4% in 2021
Laos prepares to launch landmark wind farm project
Laos is on track to launch Southeast Asia’s largest wind farm by the end of the year, with all 133 turbines now fully installed at the 600-MW Monsoon Wind Project, developers said.
Malaysia eyes 1,000 MW boost from palm oil waste to power low-carbon transition
Malaysia’s palm oil waste sector could generate up to 1,000 megawatts (MW) of renewable energy, offering a major step toward the country’s net-zero emissions goal, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani
Bumi Armada secures full control of Indonesia’s Kojo block in offshore expansion push
Bumi Armada Bhd has announced that its subsidiary, Armada Kojo BV, has secured a production sharing contract (PSC) with Indonesia’s Ministry of Energy to explore and develop the Kojo block in the Makassar Strait
Pakistan’s power generation rises 22% y/y in April
Power generation in Pakistan reached 10,513 GWh in April 2025, marking a year-on-year (y/y) increase of over 22% from 8,639 GWh recorded in the same month of the previous year
JK Lakshmi Cement partners with SwitchLabs to deploy EVs in logistics operations in India
Indian cement maker JK Lakshmi Cement has partnered with SwitchLabs Automobiles to introduce electric vehicles (EVs) into its logistics network
China’s green policies are shaping Washington clean energy debate
At the centre of a political fight in Washington over clean energy is a clash amongst Republicans over whether to continue tax credits supporting green technologies – a clash shaped as much by concerns about China as by America’s energy future.
US panel's ruling clears path for hefty tariffs on solar imports
As a result of the ITC’s decision, the Department of Commerce will now issue orders enforcing countervailing and anti-dumping duties on those solar products. These tariffs were finalised by the department last month.
Badak LNG and INPEX Masela forge LNG partnership to boost Indonesia’s gas sector
Badak LNG, has signed a Memorandum of Understanding (MoU) with INPEX Masela Ltd., the Indonesian arm of Japan’s INPEX Corporation, to explore strategic collaboration in advancing Indonesia’s liquefied natural gas
Honda reduces EV spending by 30%, delays Canadian project
Honda has announced it will scale back its planned investment in electric vehicle (EV) technology by 30%, revising its target from JPY10 trillion to approximately JPY 7 trillion yen ($48bn) by the end of fiscal 2030.
Pertamina Geothermal plans expansion into lab services and tech commercialisation
PT Pertamina Geothermal Energy (PGEO), is preparing to diversify its operations by entering two new business lines: laboratory testing services and the commercialisation of two-phase fluid measuring instruments
Pertamina launches its largest rooftop solar power plant
Pertamina, Indonesia’s state-owned energy company with operations spanning oil, gas, and renewables, has launched its largest rooftop solar power facility to date, located at the Balikpapan refinery.
Pakistan PM Shehbaz approves 10-year power plan
Prime Minister Shehbaz Sharif has instructed the Power Division to intensify reforms aimed at reducing electricity prices, tackling circular debt, and curbing technical losses and theft in the power sector.
India's Petronet LNG posts highest-ever annual profit
India’s biggest LNG importer Petronet LNG has reported its highest-ever profit after tax (PAT) of INR39.26bn ($460mn) for the financial year ended March 31, 2025
US-Vietnam: Trade dialogue opens, nuclear cooperation deepens
US and Vietnamese officials launched a pivotal round of trade negotiations on May 19, with both sides working to prevent damaging tariffs while simultaneously laying the groundwork for a potential nuclear energy collaboration.
Thailand curbs incentives for solar, steel sectors
Thailand's Board of Investment (BOI) has moved to curb oversupply risks in key sectors, including solar panels and certain steel products, by discontinuing investment incentives, the agency announced May 19.
TotalEnergies agrees to 20-year LNG purchase deal with Canada’s Ksi Lisims
Canada’s fledgling LNG sector has scored another win, with the proposed Ksi Lisims LNG project taking a key step forward after the announcement on May 19 of a 20-year offtake agreement with TotalEnergies.
TotalEnergies to request lifting of force majeure for Mozambique LNG
French supermajor TotalEnergies’ CEO Patrick Pouyanne will ask Maputo to lift force majeure on its stalled Mozambique LNG project.
Taiwan shuts down final nuclear reactor, pivots to LNG
Taiwan is looking to ramp up purchases of LNG cargoes on the spot market after the island shut down its final nuclear reactor.
Hanwha Energy affirms commitment to Vietnam’s LNG-to-power sector
Hanwha Energy is already a key player in the 1.5-GW Hai Lang LNG power project in Quang Tri Province, a development valued at approximately $2.3bn.
Reliance Power to co-develop Bhutan solar project in JV with Druk Holding and Investments
Reliance Power, led by Anil Ambani, has entered into a commercial term sheet with Green Digital Private Limited (GDL), a subsidiary of Druk Holding and Investments Limited (DHI)—the investment arm of the Royal Government of Bhutan—for a long-term PPA
Solar and battery projects at Joyful Honda stores target mid-2025 completion
Japanese company i Grid Solutions aims to finalise solar and battery installations at Joyful Honda hardware stores by June 2025, as part of an ongoing green initiative launched in 2022.
TPG-led consortium seeks Indian regulator nod to acquire Siemens Gamesa’s onshore wind business
A consortium led by TPG, Mavco Investments, and former JSW Energy CEO Prashant Jain has approached the Competition Commission of India (CCI) for approval to acquire the onshore wind power business of Siemens Gamesa Renewable Power
Indonesia's energy future: The structural hurdles to achieving independence
As Indonesia accelerates its march toward energy independence, President Prabowo Subianto's administration has made ambitious declarations: achieving full energy sovereignty within five years
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