AsiaElec - Asia Power
Taipower seeks bigger role in Taiwan tech decisions
Tseng said electricity was becoming a critical link in the supply chains of Taiwan's semiconductor and technology sectors. He also warned that power demand from artificial intelligence applications could grow exponentially.
Medco takes 10% stake in Indonesia's East Kalimantan blocks
Indonesia's PT Medco Energi Internasional (IDX: MEDC) has agreed with Italian energy group Eni to acquire a 10% participating interest in four oil and gas blocks in the Kutai Basin of East Kalimantan.
Philippines orders Meralco to refund customers $42mn
The Philippines' Energy Regulatory Commission (ERC) ordered Manila Electric Company (PSE: MER) to return about PHP2.64bn ($46mn) in excess charges to its customers.
Japan's Mihama No. 3 reactor restarts after water leak
Kansai Electric Power Co (TYO: 9503) has brought the No. 3 reactor at its Mihama nuclear plant in central Japan back online.
Suzlon to build three AI-powered blade factories in India
Indian wind turbine maker Suzlon Group (NSE: SUZLON) will spend about INR5.5bn ($62mn) on three artificial intelligence-enabled blade factories in Gujarat, Karnataka and Tamil Nadu.
Indian firms embrace captive renewable power to cut costs
Indian companies are building or contracting their own renewable power capacity to secure electricity supply, cut reliance on the grid and meet emissions targets.
Coal India denies shortfall in NTPC fuel supplies
Coal India Ltd (NSE: COALINDIA) said it delivered more coal to NTPC Ltd (NSE: NTPC) than its contracts require, rejecting any supply gap even as several of the power producer's plants ran short of fuel.
South Korea battery ETFs surge on AI data centre demand
Exchange-traded funds (ETFs) tied to secondary battery makers took eight of the 10 top spots on the South Korean stock market in October.
South Korea's lead over China in LNG carriers narrows
China has cut South Korea's lead in orders for large liquefied natural gas (LNG) carriers to fewer than 10 vessels this year.
Hyundai E&C joins Westinghouse on Netherlands nuclear design
Westinghouse has contracted South Korea's Hyundai E&C (KRX: 000720) to carry out part of the front-end engineering design (FEED 1) studies for two planned nuclear power plants in the Netherlands.
China connects Russian-built Tianwan 7 reactor to grid
Unit 7 at China's Tianwan nuclear power plant delivered its first electricity to the grid.
Philippines eyes $430mn investment in microgrid auction
The Philippine Department of Energy (DOE) expects its microgrid auction to attract as much as PHP27bn ($430mn) in investment and connect more than 100,000 remote households to electricity.
Hyosung opens South Korea's first 2GW HVDC test facility
Hyosung Heavy Industries (KRX: 298040) has built a facility to test the performance of a 2-gigawatt high-voltage direct current (HVDC) controller, the first in South Korea to use domestic technology.
Bangladesh approves 442-MW solar plant on former coal site
Bangladesh has approved a $230mn solar power project at Rampal, on land originally earmarked for expanding a coal-fired power station, as the country seeks to diversify its electricity mix and reduce dependence on imported fossil fuels.
Pakistan’s solar boom reshapes power market
Pakistan’s solar power industry has undergone a quiet revolution. The country’s solar energy capacity, as reported by various sources, likely does not reflect the full deployment of the technology.
Afghanistan, Iran discuss 2,000-MW power import deal
Afghanistan and Iran have discussed a plan for Iran to export about 2,000 megawatts of electricity to its eastern neighbour.
Vietnam to split EVN's grid and retail operations
Vietnam is preparing to separate power transmission, distribution and retail from state utility Vietnam Electricity (EVN) in a phased overhaul of the electricity sector.
Tokyo Gas acquires AGP to expand LNG network in Indonesia
Japan's Tokyo Gas (TYO: 9531) has acquired all shares in PT AGP Indonesia Utama, a developer of liquefied natural gas (LNG) infrastructure, as it moves to set up an inter-island LNG supply chain in eastern Indonesia.
Philippines lands floating solar factory and investment pledges
The Philippine Board of Investments (BOI) signed a letter of intent with Northman Philippines and Solarion Energy to grow the country's floating solar industry.
Pangilinan buys more Meralco shares from San Miguel in Philippines
Philippine tycoon Manuel V. Pangilinan has agreed to buy about 3.77mn shares of Manila Electric Co. (PSE: MER) from San Miguel Corp.'s power unit for PHP2.19bn .
LG Energy Solution signs lithium deal with Canada's Elevra
LG Energy Solution (KRX: 373220), South Korea's largest battery maker, has agreed to a long-term deal to buy lithium concentrate from Canada's Elevra Lithium.
India's battery storage demand to grow sevenfold by 2032
India will need 236.22 GWh of battery energy storage system (BESS) capacity by the 2031-32 fiscal year, a nearly seven-fold increase.
Bangladesh approves $3.3bn non-concessional loans for energy
Bangladesh has approved $3.3bn in non-concessional foreign borrowing to pay for fuel oil and liquefied natural gas (LNG) imports and to upgrade its electricity distribution network.
PV Gas aligns with partners on Vietnam gas supply
Vietnamese state gas distributor PV Gas (HOSE: GAS) has held talks with PetroVietnam Exploration Production Corporation (PVEP) and Vietsovpetro to line up new gas supplies and secure enough room in its pipeline network to take them.
Cambodia retail buildings use most energy, study finds
Retail buildings are the most energy-hungry of the property types surveyed in Phnom Penh and Kandal, using 205.5 kWh per square metre a year.
Vietnam mandates open access to EV charging stations by 2027
Electric vehicle charging stations in Vietnam must serve any compatible vehicle from July 1, 2027, under new technical rules from the Ministry of Industry and Trade.
Philippines warns super El Niño may push up power rates
Electricity prices in the Philippines could rise and power supply could come under strain as a super El Niño lifts temperatures, Energy Secretary Sharon Garin said.
Sri Lanka solar capacity exceeds peak demand, needs storage
Sri Lanka's installed solar capacity has reached 3,053 MW, overtaking the roughly 3,000 MW the country consumes at its night-time peak, the head of the Sustainable Energy Authority (SEA) told The Daily Morning on October 6.
South Korea swapped US investment projects without feasibility reviews
South Korea's government replaced two of the three projects in its $200bn US investment plan with nuclear reactors and an Alaska liquefied natural gas (LNG) venture without putting them through feasibility studies.
Myanmar's Pinpet steel mill to supply 8MW to grid
A heat recovery power station under installation at Myanmar's No (2) Steel Mill Project in Pinpet will generate 40 megawatts of electricity once it is operational, with eight megawatts going to the national grid.
Adani Power, Bhutan's DGPC sign 770-MW hydropower deal
India's Adani Power (NSE: ADANIPOWER) has signed a shareholders agreement with Druk Green Power Corp (DGPC), Bhutan's state-owned generator, to build the 770 MW Chamkharchhu-I hydroelectric plant.
India's SEBI stalls Inox Clean Energy IPO amid probe
The Securities and Exchange Board of India (SEBI) put Inox Clean Energy's planned INR100bn (about $1.1bn) initial public offering on hold because of continuing investigations into entities in the parent INOXGFL group.
Indonesia incorporates 7-GW nuclear target to fuel industrial growth
Indonesia is targeting the construction of 7 gigawatts (GW) of nuclear power capacity alongside 100 gigawatt-peak (GWp) of solar energy as part of a national strategy to ensure long-term energy security and support rapid industrial expansion
Indonesia targets 2mn hectare plantation expansion for domestic E20 biofuel mandate
The Indonesian government plans to expand domestic sugarcane and cassava plantation areas to secure feedstock for its incoming E20 biofuel policy, which mandates a 20% bioethanol blend in commercial gasoline
Indonesia's electricity company secures Natuna gas supply until 2037
PT PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia's state-owned electricity company PLN, has signed a deal to buy up to 111mn standard cubic feet per day (MMSCFD) of gas from the Mako Field in Natuna through 2037
Indonesia proposes green minerals partnership with Chile to build EV, mining supply chains
Indonesian Deputy Foreign Minister Arif Havas Oegroseno has proposed a Green Minerals Partnership Memorandum of Understanding (MoU) with Chile to deepen bilateral cooperation across the critical minerals, battery manufacturing, and clean energy
Malaysia's TNB wins lower grid charges for Kenyir solar
Tenaga Nasional Bhd (MYX: 5347) expects its 595MW Kenyir hybrid hydro floating solar (HHFS) project to qualify for lower grid access charges under the government's accelerated Corporate Renewable Energy Supply Scheme (Cress).
India's UltraTech Cement tops 2 GW of green energy capacity
UltraTech Cement (NSE: ULTRACEMCO) has become the first cement company in India to cross 2 gigawatts (GW) of green energy capacity for captive use.
Sumitomo takes 49% stake in India hybrid renewable project
Japanese trading house Sumitomo Corporation (TYO: 8053) has invested in a hybrid renewable energy park in India that combines 500MW of solar PV and wind capacity with a 200MWh battery energy storage system.
Pakistan's solar revolt strands China's Belt and Road coal plants
Pakistan has bought its way out of Chinese coal with Chinese solar panels, and Beijing is left holding the bill.
Pakistan's rooftop solar capacity surges tenfold in three years
Pakistan's net-metered solar capacity rose to 6.3 gigawatts (GW) by the end of fiscal year 2025 from about 0.6 GW in 2022.
Citaglobal unit wins Thailand waste-to-energy plant contract
Citaglobal ( CITAGLB) said its indirect subsidiary won an engineering and equipment supply contract worth about MYR29mn ($7.09mn) for a waste-to-energy project in Thailand.
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