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South Africa’s power utility Eskom announces FY2024 results, forecasts profit for FY2025

20 December 2024

South Africa’s state-run power utility Eskom on December 19 released its group annual results for the financial year (FY) 2024 from 1 April 2023 to 31 March 2024.

Indonesia, the Philippines face challenges in expanding geothermal energy use

20 December 2024

Indonesia and the Philippines are making efforts to increase their geothermal energy production to reduce reliance on fossil fuels

Philipplines ACEN secures landmark wind power project in Australia

20 December 2024

ACEN Corp., the Ayala-led energy giant, has clinched a significant contract to build a 936-megawatt wind power project in New South Wales, Australia.

Indonesia to raise palm oil export levy to fund biodiesel expansion

20 December 2024

Indonesia will raise its crude palm oil (CPO) export levy to 10% from the current 7.5% to finance higher biodiesel subsidies, Coordinating Minister for Economic Affairs Airlangga Hartarto announced on December 19

Vietnam poised to become key link in global LNG chain

20 December 2024

Vietnam is emerging as a significant player in the global LNG market, with experts predicting its role as a key link in the global LNG chain

Indian coal imports down 3.1% during April–October FY2024-25

20 December 2024

Indian coal imports during the April–October period of FY2024–25 saw a decline of 3.1%, falling to 149.39mn tonnes (MT) from 154.17 MT in the same period last year.

India’s NHPC eyes Bhutanese hydropower sector

20 December 2024

NHPC Ltd, India’s state-owned hydropower company, is in talks with Bhutan to establish a joint venture for hydropower projects

National Bioenergy Programme to boost India's clean energy agenda

20 December 2024

The Government of India is advancing its clean energy agenda through the National Bioenergy Programme (NBP), promoting bioenergy and waste-to-energy technologies to enhance energy security and drive sustainable development

Oslo-listed Scatec ASA attains financial close for 60MW solar farm in Botswana

20 December 2024

A Norwegian renewable energy producer, Scatec ASA (Scatec), has reached financial close for a 60-megawatt (MW) solar photovoltaic project in Botswana.

Tri-border task force arrests 26 for deforestation in South America

19 December 2024

Paraguayan authorities arrested 26 individuals in October during an operation against illegal deforestation along the borders with Brazil and Argentina.

Lula reshuffles regulators, ANP gets new directors

19 December 2024

Petrobras has announced that its board chairman, Pietro Mendes, has been nominated by the President Luiz Inácio Lula da Silva for a directorship at the National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

Petro-Victory eyes onshore oil assets in Brazil

19 December 2024

Petro-Victory Energy Corp. has signed an exclusivity agreement with Brava Energia SA to negotiate the acquisition of 13 oil-producing fields in Brazil's Potiguar Basin.

Kosovo PM hosts Israeli business delegation to explore investment opportunities

19 December 2024

Kosovo’s PM Albin Kurti welcomed a delegation of Israeli businesses specialising in renewable energy, technology and manufacturing sectors on December 19 with the aim of exploring investment opportunities.

Venezuela renames oil ministry to drive hydrocarbons growth

19 December 2024

Venezuelan Vice President and Petroleum Minister Delcy Rodríguez announced a significant rebranding of her ministry, which will now be known as the Ministry of Popular Power for Hydrocarbons.

ACWA Power launches $3bn renewable energy portfolio in Uzbekistan

19 December 2024

Saudi Arabia's ACWA Power has inaugurated three major renewable energy projects in Uzbekistan, marking a significant expansion of its Central Asian operations.

North Macedonia’s ESM secures €55mn loan for renewable energy projects

19 December 2024

North Macedonia’s state-owned power producer ESM has secured a €55mn loan from the German development bank KfW to fund investments in renewable energy.