AsiaElec - Asia Power

ADB follows World Bank in revising policy on support for nuclear power financing

The Asian Development Bank has revised its energy policy to allow direct support for nuclear power, signalling a notable shift in how multilateral lenders approach baseload generation in emerging Asian economies.

Ingka Group moves into India’s green utilities market

TotalEnergies to offload Adani Green investment

TotalEnergies (TTE) is preparing to unwind a portion of its investment in Adani Green Energy Limited (NSE: ADANIGREEN) as the French energy giant seeks to profit from gains from a sharply higher valuation.

India and Nepal agree cross-border energy transfer basics

Power Grid Corporation of India and the Nepal Electricity Authority have formalised a pair of joint venture and shareholders’ agreements to advance long-planned cross-border transmission links.

Pakistan’s rooftop solar boom set to exceed daytime grid demand in 2026

Pakistan’s rooftop solar capacity is expected to surpass the national grid’s daytime electricity demand next year in several major industrial centres, reflecting an unprecedented surge in distributed solar installations

Indian renewable energy minister inaugurates 240-tpd biomass pellet plant in Haryana

Indian Minister for New & Renewable Energy Pralhad Joshi on November 24 inaugurated a 240-tonnes-per-day biomass pellet manufacturing plant in Rewari, Haryana, developed by the K2 Group of Companies

South Korea firm launches world-first 500kV HVDC cable project

South Korean manufacturing heavyweight LS Cable & System (006260.KS) confirmed on November 24 that it has launched construction on the nation's most significant high-voltage direct current (HVDC) initiative.

Philippine senate ratifies $65mn energy budget for 2026

Singapore closes COP30 with emphasis on technology-driven climate action

The Singapore Pavilion wrapped up its COP30 programme in Belém by underscoring the importance of technology, digital participation and well-designed climate frameworks in advancing global climate efforts and strengthening international cooperation

Singapore’s GasCo on the hunt for Q1 2026 LNG

Singapore’s newly established state gas buyer, GasCo, plans to solicit long-term LNG supply offers in the first quarter of 2026 for delivery beginning in 2028, as part of efforts to close a looming supply gap.

Cambodia spends $2bn on energy imports

Cambodia spent $2.02bn on diesel, petrol, and combustion gas imports during the first ten months of 2025, representing an 11.5% decline compared with the same period last year

Thailand starts Southeast Asia’s first heat battery

Rondo Energy has officially started operating Southeast Asia’s first industrial heat battery, a 33 MWh system installed at a cement plant in Thailand

VinFast posts $900mn loss despite rising sales

Vietnamese electric vehicle maker VinFast recorded a net loss of more than $900mn in the third quarter of this year, even though its sales continued to rise

Unions threaten strike on Woodside’s Pluto 2 LNG expansion

Labour tensions have flared at Woodside Energy’s high-profile Pluto 2 LNG project in Australia, as a union coalition has applied to the Fair Work Commission for authorisation to strike.

India’s GUVNL releases tender results on large-scale battery storage

Gujarat Urja Vikas Nigam Limited has released the results of its seventh tender offering viability gap support for large-scale battery storage, awarding contracts for 2GW/4GWh of standalone systems.

Cement arm of India’s Nirma Group purchases energy firm

Nuvoco Vistas, the cement arm of the Nirma Group, has moved to consolidate its energy footprint with the purchase of Vadraj Energy’s holding company, Algebra Endeavour Private Limited, from JSW Cement and Alpha Alternatives.

Indonesia–Singapore energy ties deepen as clean power ambitions converge with private capital moves

Indonesia and Singapore are entering a new phase of energy cooperation, one shaped by the simultaneous rise of clean-power ambitions and strategic private-capital bets on the region’s downstream energy sector.

India’s Waree Energies adds new PV manufacturing plant to portfolio

Waaree Energies has brought a substantial new solar manufacturing plant online in Gujarat, marking another step in India’s efforts to expand domestic clean-energy supply chains.

Philippines plans wider electricity subsidies for low‑income households

The Department of Energy (DOE) is pushing to broaden its electricity subsidy scheme, targeting more low‑income homes through an enhanced Lifeline Rate Programme, the agency announced on November 19.

Malaysia suffers $1.1bn in power losses from illegal bitcoin mining

Malaysia’s national electricity utility, Tenaga Nasional Berhad (TNB), has revealed that illegal Bitcoin mining has caused an estimated $1.1bn in power losses since 2020

Singapore Airlines purchases used cooking oil from Indonesia’s free meal programme

Used cooking oil generated from the government’s Free Nutritious Meals (MBG) scheme is not only being collected but also exported, including to Singapore Airlines, where it is processed into sustainable aviation fuel (bio-avtur).

Germany pledges $55mn to modernise Cambodia’s grid

Cambodia has secured a €47.5mn (around $55mn) energy investment from Germany aimed at upgrading transmission lines and improving the efficiency and stability of the national electricity grid

Solar projects surge as Myanmar faces power shortages

Myanmar is increasingly relying on solar energy to address a worsening electricity shortage, a situation intensified by political turmoil since the 2021 military takeover.

Vietnam targets green transport by 2030

Vietnam has announced plans for all public transport in Hanoi and Ho Chi Minh City to operate on clean and environmentally friendly energy by 2030

ADB approves $330mn for Pakistan’s power transmission upgrade

The Asian Development Bank has cleared loans worth $330mn to support Pakistan’s Second Power Transmission Strengthening Project, an initiative aimed at expanding the national grid and enabling greater flow of affordable renewable and hydropower