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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.
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Vietnam must implement urgent energy reforms to meet rising demand, experts say
Vietnam faces potential electricity shortages between 2026 and 2028 unless urgent policy reforms are enacted to develop new power sources, particularly clean and sustainable energy, experts said at a forum in Hà Nội on March 31.
Sri Lanka risks losing $1bn FDI as Adani wind project remains stalled
Sri Lanka is likely to lose $1bn in foreign direct investment (FDI) since the Adani wind power project in Mannar is now uncertain, with both the Indian company and the Sri Lankan government remaining firm on tariff rates
Indian solar firm Prozeal Green Energy plans to raise $82mn via IPO
Indian solar EPC company Prozeal Green Energy plans to raise INR7bn ($82mn) through an initial public offering (IPO)
Malaysia pipeline fire injures over 300, leaves hundreds homeless
A massive fire erupted at a Petronas-operated gas pipeline in Puchong, near Kuala Lumpur, on April 1, injuring scores of people and damaging nearly 200 homes
Malaysia unveils solar leasing initiative to boost renewable energy
The Malaysian government has introduced new guidelines for its latest solar initiative, the Community Renewable Energy Aggregation Mechanism (CREAM)
India’s energy growth to follow unique low-carbon path
India is expected to become an important player in global energy markets, following a distinct growth path marked by lower energy intensity, a diverse energy mix and expanding commodity imports, according to Wood Mackenzie's latest Horizons report.
China's ZNShine Solar to supply modules for Honduras' 50MW Patuca solar project
Chinese manufacturer ZNShine Solar will provide high-efficiency modules for the 50MW Patuca solar project being developed by Honduras' National Electric Energy Company (ENEE) in the Olancho department, the company announced on March 31
Waaree Energies opens 5.4-GW solar cell gigafactory in India's Gujarat
Mumbai-based renewable energy company Waaree Energies has inaugurated a 5.4-GW solar cell gigafactory in Chikhli, Gujarat, the company announced in a press release.
Wärtsilä renews O&M contract for Pakistan’s Attock Gen power plant
Finnish technology group Wärtsilä has renewed its operation and maintenance (O&M) contract for the 165-MW Attock Gen Limited (AGL) power plant in Rawalpindi, Pakistan, according to a Wärtsilä press release dated March 31.
India raises domestic gas prices for April
India has raised the price of domestically produced gas from oil fields by nearly 4% to $6.75 per mn metric British thermal units (mmBtu) for April
Indian Renewable Energy Development Agency reports strong growth in credit disbursement
The Indian Renewable Energy Development Agency Limited has reported substantial growth in its financial performance for the fiscal year ending March 31, 2025, according to provisional data
GAIL India to start receiving LNG from Qatar in April under five-year deal
Indian state-owned gas utility GAIL (India) Ltd will start receiving LNG under a five-year, 12 cargoes per year deal from Qatar Energy Trading from April
Cracks appear in EU plan to adopt Japan-style LNG model
The European Union is in the midst of assessing whether to adopt a “Japanese model” of direct investment in LNG projects as the bloc grapples with high energy prices and low gas storage levels.
Indian Renewable Energy Development Agency launches first-ever perpetual bond
Indian Renewable Energy Development Agency Limited (IREDA) has launched its first-ever issue of perpetual bonds for an amount of INR12.47bn ($150mn) at an annual coupon rate of 8.40%, the company said in a press release.
US grants historic approval to Holtec to build and design nuclear reactors in India
US-based Holtec International has been approved by the US Department of Energy (DoE) to build and design nuclear reactors in India
BHEL wins $1.4bn EPC contract for thermal power plant in India's Chhattisgarh
The Indian government-owned engineering company BHEL has been awarded an engineering, procurement, and construction (EPC) contract worth approximately INR118bn ($1.4bn) by Chhattisgarh State Power Generation Company Limited for a 2x660 MW plant
Malaysian government under scrutiny over Sapura Energy financial crisis
The company’s debt started ballooning due to aggressive expansion strategies that started in 2018, when it sought external financing to sustain operations, taking on multi-currency loans from various financial institutions.
India’s nuclear power generation capacity rises to 35,333 MW
India’s nuclear power generation capacity has increased from 22,480 MW in 2014 to 35,333 MW currently, while installed capacity has doubled from 4,780 MW to 8,880 MW
TPG acquires Siemens Gamesa’s wind turbine manufacturing business in India and Sri Lanka
Global alternative asset management firm TPG has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka, according to a TPG press release dated March 26.
Meralco seeks new nuclear partners for the Philippines after US firm withdraws
Meralco is actively searching for new collaborators in nuclear technology following the expiration of its agreement with US-based Ultra Safe Nuclear Corporation (USNC) on October 5 2024
Indonesia supports growth of solar module industry
Indonesia's Ministry of Industry is actively fostering the expansion of the solar module sector, a crucial component in the establishment of solar power plants (PLTS), to maximise the potential of renewable energy for electrification.
Temasek-backed Pentagreen, BII invest $80mn to boost Southeast Asia’s renewable energy
Pentagreen Capital, a debt financing platform backed by Temasek and HSBC, has partnered with British International Investment (BII) to invest $80mn in accelerating renewable energy deployment in Southeast Asia
Indonesia’s renewable energy push faces challenges despite vast potential
Indonesia is advancing its energy transition, notably through the $20bn Just Energy Transition Partnership (JETP), signed in 2022
Siemens invests $50mn in Indian renewable energy company
AMPIN Energy Transition, an Indian renewable energy company, has secured an investment of $50mn from Siemens Financial Services, the financing arm of Siemens AG
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