AsiaElec - Asia Power

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Power

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AsiaElec covers utility-scale power developments and policy across all main industry sectors, including coal and gas-fired thermal power, nuclear, renewables, hydro, combined heat and power (CHP), transmission, grid and storage. It also covers the closely interlinked coal-mining sector.

AsiaElec reports on project investment and approval, providing news and intelligence on key developments. This is ideal, not only for investors, developers and competitors, but for service, infrastructure and construction companies, who benefit from knowing where best to make their next key move in a rapidly developing market.

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Indonesia’s energy future hinges on stronger upstream-downstream collaboration

28 February 2025

Strengthening coordination between upstream and downstream sectors is essential to ensuring Indonesia’s natural gas supply remains stable and sustainable, industry experts emphasised during the EITS Discussion Series 2025 in Jakarta on February 26

Vietnam, South Korea deepen energy ties, explore nuclear cooperation

28 February 2025

Vietnam and South Korea are strengthening their energy cooperation, with a focus on renewable energy and nuclear power, officials said on February 24.

Singaporean company Sembcorp’s annual profit rises 7% as urban solutions offset gas unit weakness

28 February 2025

Sembcorp Industries recorded a 7% increase in annual profit, driven by strong performance in its Integrated Urban Solutions division, which outweighed a decline in earnings from its largest business segment, gas and related services

Cambodia, Japan simplify carbon credit application process

28 February 2025

Cambodia and Japan are joining forces to streamline the application process for the Joint Crediting Mechanism (JCM), a carbon credit program aimed at reducing greenhouse gas emissions.

Eni and Petronas form joint venture to manage energy assets in Southeast Asia

28 February 2025

Italian energy giant Eni and Malaysia’s state-owned firm Petronas have formalised an agreement to establish a joint venture that will oversee upstream operations in Indonesia and Malaysia, the companies announced on February 27

Majority of Singaporean firms target solar investments by 2030

28 February 2025

More than half of businesses in Singapore are planning to invest in solar energy within the next five years as part of efforts to expand clean energy sources, a study by Schneider Electric has found.

Rail link to supercharge Mongolia’s coal exports to China

27 February 2025

Mongolian trade minister tells bne IntelliNews the mega-project is a “game-changer” due to his country’s historic reliance on trucking.

Asahi Kasei launches biogas purification trial in Kurashiki

27 February 2025

Asahi Kasei Corp. and Kurashiki City have inaugurated a biogas purification system at a sewage treatment facility in Okayama Prefecture, Japan.

Taiwan proposes new solar energy regulations

27 February 2025

Taiwan has introduced draft regulations outlining when buildings must incorporate solar power systems under the Renewable Energy Development Act.

Taiwan confronts offshore wind challenges at Energy Expo

27 February 2025

Taiwanese officials have acknowledged obstacles in advancing offshore wind energy, as highlighted during the 2025 Wind Energy Asia exhibition in Kaohsiung

Indonesian banks urged to expand ESG investments for renewable energy push

27 February 2025

A policy think tank has called on Indonesian banks to scale up investments in Environmental, Social, and Governance (ESG) sectors as a strategic move to accelerate the country’s transition to renewable energy

Wind capacity addition in India to double by FY2027: Crisil

27 February 2025

India’s annual capacity addition of wind power will more than double to 7.1GW on average in the next two fiscal, compared with 3.4GW in fiscal 2023-25, Crisil Ratings said in a press release.

NTPC Green plans 20GW renewable energy projects in India's Madhya Pradesh

27 February 2025

NTPC Green Energy Limited (NGEL), a subsidiary of Indian state power company NTPC, has signed a Memorandum of Understanding (MoU) with Madhya Pradesh Power Generating Company Limited (MPPGCL) to develop renewable energy projects in the state of MP

Malaysia launches first utility-scale battery storage system to bolster energy transition

27 February 2025

Malaysia has taken a significant step in its renewable energy transition with the commissioning of its first utility-scale battery energy storage system (BESS) by Sarawak Energy

Malaysian oil and gas company Sapura drilling secures $720mn in contracts across Asia and beyond

27 February 2025

Sapura Drilling, a subsidiary of Malaysian oil and gas services provider Sapura Energy, has secured multiple contracts worth approximately $720mn

China’s stare-down of Trump’s energy tariffs will not end well – for the US

26 February 2025

In a swift response to President Donald Trump's imposition of a 10% tariff on Chinese imports, Beijing has retaliated by levying tariffs on US energy exports. The Chinese government announced a 15% tariff on US coal and LNG, alongside 10% on crude.

Petronas posts profit decline in the midst of market volatility, plans workforce cuts

26 February 2025

Malaysia’s state energy firm, Petroliam Nasional (Petronas), reported a sharp drop in profit for 2024 due to global economic uncertainty, geopolitical tensions, and lower oil prices

Indian renewable energy firm Gensol Engineering sells US unit

26 February 2025

Indian renewable energy company Gensol Engineering has signed a non-binding term sheet for an INR3.5bn ($40mn) strategic transaction involving the sale of its US subsidiary, Scorpius Trackers

Tata Power to develop up to 5,000MW of renewable and clean energy projects in India's Assam

26 February 2025

Tata Power has signed a memorandum of understanding (MoU) with the Assam government to tie up and support up to 5,000MW of renewable and clean energy projects comprising solar, wind, hydro and energy storage

China-based C&D Clean Energy teams up with Pakistani solar companies

26 February 2025

China-based C&D Clean Energy has secured global supply chain cooperation agreements with six of Pakistan’s renewable energy enterprises, the company said in a press release.

Mari Energies announces gas/condensate discovery in Pakistan

26 February 2025

Mari Energies has announced a gas/condensate discovery at the Spinwam-1 exploration well, in the Waziristan Block, located in North Waziristan District, Khyber Pakhtunkhwa, Pakistan

Global LNG demand to surge 60% by 2040 on Asian economic growth

25 February 2025

Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.

Japex realigns company focus, putting spotlight back on oil and gas investments

25 February 2025

Japan Petroleum Exploration has reaffirmed its commitment to future investments in oil and gas exploration and production out to 2030.

Tokyo Gas completes purchase of 20% stake in Philippines LNG terminal

25 February 2025

Japan’s largest gas supplier Tokyo Gas has concluded the acquisition of a 20% stake in the First Gen’s LNG terminal located in Batangas City, Philippines.

Vietnam seeks long-term vision for Power Plan VIII despite energy security concerns

25 February 2025

Vietnam must adjust its Power Plan VIII to create a long-term, effective, and sustainable vision, Deputy Prime Minister Bui Thanh Son said at an online conference on February 23, according to the government website.

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