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Power

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Overview

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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Japan’s top refiners scale back green energy plans as costs and energy security concerns soar

19 May 2025

This cautious repositioning also includes a pivot towards LNG, with Eneos planning to strengthen and expand its LNG operations. Demand for LNG, the company believes, will likely continue to rise until around 2040.

Japan under pressure from US over investment in Alaska LNG pipeline

19 May 2025

Japan’s participation in the $44bn initiative remains far from assured. Concerns persist within the energy sector over both the commercial feasibility and the long-term viability of the pipeline.

Chinese battery giant CATL to begin EV battery production in Indonesia by March 2026

19 May 2025

The project will be carried out in two phases due to regulatory requirements set by the Chinese government.

Petronas and Petros move toward profit-sharing deal in Sarawak gas dispute resolution

19 May 2025

Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) are nearing a profit-sharing arrangement to resolve a long-standing dispute over gas distribution control in Sarawak, according to insights from Kenanga Research

Taiwan shuts final nuclear reactor amidst mixed reactions

19 May 2025

Taiwan has officially ended its use of nuclear energy following the shutdown of its final operational reactor at the Maanshan Nuclear Power Plant in Pingtung County.

Philippines to boost power supply by 14.2 GW by 2030

19 May 2025

The Philippine government plans to add 14,200 megawatts (MW) of new electricity capacity by 2030 to meet growing energy needs.

India’s LNG imports rise 21% in April

19 May 2025

India’s liquefied natural gas (LNG) imports rose sharply in April 2025, reaching 3.03bn cubic metres (bcm), up 21.3% year-on-year, according to provisional figures from the Petroleum Planning and Analysis Cell (PPAC)

ReNew to invest $2.5bn in major hybrid renewables project in India's Andhra Pradesh

19 May 2025

ReNew Energy Global has announced plans to invest around INR220bn ($2.5bn) in developing one of India’s largest hybrid renewable energy projects in Anantapur district, Andhra Pradesh, according to a company press release dated May 16.

China’s growing gap to Paris pledge threatens meeting of climate targets

18 May 2025

The introduction of new Chinese renewable electricity pricing rules in June threaten the country’s ability to meet its Paris Agreement 2030 climate commitments, according to a report by Carbon Brief.

China’s CO2 emissions go into reverse for the first time

18 May 2025

For the first time, China, the world’s biggest emitter of greenhouse gases, has seen its CO2 emissions go into reverse and start falling, despite a rapid growth in demand for power.

Eni boosts Indonesian gas output with Merakes East start-up

16 May 2025

Italian energy giant Eni has commenced gas production from the Merakes East field in Indonesia's offshore Kutei Basin, further strengthening its foothold in Southeast Asia’s energy market

Sapura energy’s liquidity crisis persists despite return to profitability

16 May 2025

Sapura Energy Bhd’s external auditors have once again flagged substantial doubts over the company’s ability to continue as a going concern, even as the Malaysian oil and gas services firm posted its first annual profit in six years

Woodside explores Aramco collaboration, potential stake in $17.5bn US LNG project

16 May 2025

Shares in Woodside, Australia's largest gas producer, jumped nearly 4% following the announcement. The agreement also includes the possibility for Aramco to secure future LNG supplies from the facility.

Taiwanese business leaders urge cross-party support for Taipower $3.3bn plan

16 May 2025

A coalition of eight influential Taiwanese business associations has appealed for cross-party backing of a proposed TWD100bn (approx. $3.3bn) government allocation to support Taiwan Power Co. (Taipower).

GE Vernova to invest $16mn in India to expand grid technology manufacturing and engineering

16 May 2025

US-based GE Vernova will invest approximately $16mn in India to strengthen its electrification manufacturing and engineering capabilities, with a focus on advanced grid technologies

Thailand and Laos discuss boosting power trade ties

15 May 2025

Thailand's Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga arrived in Laos on May 15 to expand cross-border electricity trade.

TNB and Malakoff poised to gain from Malaysia’s first gas plant tender in nearly a decade

15 May 2025

Tenaga Nasional Bhd (TNB) and Malakoff Corp Bhd are expected to emerge as key beneficiaries of Malaysia’s first gas-fired power plant tender in nine years, amid soaring electricity demand driven by rapid data centre growth

Denmark's KK Wind Solutions opens largest Asian facility in Bengaluru

15 May 2025

Denmark-based KK Wind Solutions has inaugurated its largest manufacturing facility in Asia, along with a new office in Bengaluru, India, the company said in a press release dated May 14.

India’s coal imports drop 9.2% during April 2024 to February 2025 period

15 May 2025

India’s coal imports fell by 9.2% to 220.3mn tonnes (MT) during April 2024 to February 2025, down from 242.6MT in the same period of the previous financial year

First Gen expands renewable energy holdings in the Philippines

15 May 2025

First Gen Corporation has secured PHP10bn ($179mn) in funding from BDO Unibank Inc. to acquire the 165-megawatt Casecnan Hydroelectric Power Plant in Nueva Ecija, reinforcing its commitment to clean energy across Luzon.

Petronas-Petros gas pact set to cement Sarawak’s role in LNG supply chain

14 May 2025

An agreement on natural gas management between Malaysia’s national oil company Petronas and Sarawak’s state-owned Petroleum Sarawak Bhd (Petros) is expected to be announced imminently, Sarawak Premier Tan Sri Abang Johari Tun Openg confirmed

Japan pledges $500mn to Indonesia’s clean energy drive as bilateral ties deepen

14 May 2025

Indonesia’s Coordinating Minister for the Economy, Airlangga Hartarto, returned from a three-day visit to Tokyo with a series of landmark agreements, including Japan’s commitment to finance the Muara Laboh Geothermal Power Plant (PLTP)

Banyuwangi to host Indonesia’s largest land-based solar plant in push toward net zero

14 May 2025

Banyuwangi Regency in East Java has been selected as the site for what will become Indonesia’s largest land-based solar power plant, with an installed capacity of 100 megawatts (MW)

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