AsiaElec - Asia Power

Norway wealth fund drops India's Adani Green Energy from portfolio over financial crime concerns

Norway’s $1.2 trillion sovereign wealth fund, the world’s largest, has excluded Adani Green Energy Ltd (NSE: ADANIGREEN) from its investment portfolio over concerns related to alleged financial misconduct

Middle East tensions could significantly impact Sri Lanka's fragile recovery

Sri Lanka could face renewed economic strain if escalating tensions in the Middle East drive up global oil prices, with analysts warning that the island nation’s heavy reliance on imported fuel leaves it particularly exposed

Myanmar offers 24-hour electricity for businesses

Myanmar has introduced revised electricity tariff rates for industrial users, according to an announcement from the Ministry of Electric Power (MOEP).

Philippines mandates storage for large renewable projects

Philippines’ Department of Energy (DOE) has released Department Circular introducing a rule that compels variable renewable energy projects to incorporate energy storage systems during both project development and grid connection.

Indonesia and UK establish climate finance working group

Indonesia’s Financial Services Authority (OJK) and the United Kingdom government have formed a joint climate finance working group to strengthen cooperation in funding the transition to a low-carbon economy

India clears first concrete pour for Kaiga 5 and 6 nuclear units

India’s Atomic Energy Regulatory Board has approved the first pour of concrete for Kaiga units 5 and 6, marking the official start of construction for the two 700-MWe pressurised heavy water reactors.

Japanese court blocks bid to suspend Ikata unit 3 over safety concerns

The Shikoku Electric Power Co’s Ikata nuclear power plant will continue operating after the Yamaguchi District Court dismissed a request by local residents to halt its unit 3.

India’s Waaree Energies wins 500-MW solar module order

The contract provides for a one-time supply of the full 500-MW capacity. Deliveries are reported as being scheduled to take place during the 2026–27 financial year, aligning with the customer’s project execution timeline.

Bioenergy can bolster India’s energy security and climate goals

Bioenergy is set to play a pivotal role in India’s fast-expanding energy market, offering gains in energy security, rural incomes and emissions reduction, according to a recent report by the International Energy Agency.

Indian heartland secures Japanese agreements

The agreements signal increasing alignment between India’s state-level industrial policy and international supply chains, particularly in hydrogen and advanced engineering

Enerparc registers power trading arm in India

Enerparc has launched a dedicated power trading subsidiary in India as part of a broader strategy to expand its presence in the country’s evolving electricity market.

Japan’s Mitsui secures 18-MW renewable deal with Nike Japan

The contract covers 18 MW of generation capacity. This includes 3 MW from newly developed solar projects and a further 15 MW from recently established facilities.

Malaysia surpasses 2025 renewable energy target

Malaysia’s renewable energy capacity has reached 32%, exceeding the government’s 31% target for 2025, according to a sector update from Maybank Investment Bank Berhad

Indonesia’s waste-to-energy push raises environmental and strategic questions

A new waste-to-energy (WtE) initiative led by Danantara Indonesia aims to tackle the problem by converting municipal waste into electricity, beginning with projects in Bali, Bogor, Bekasi, and Yogyakarta,

WindForce wins LoA for 120 MW grid-scale battery storage projects in Sri Lanka

WindForce has been issued a letter of award by the Ceylon Electricity Board (CEB) to develop 12 standalone battery energy storage system projects with a combined capacity of 120 MW/480 MWh

Vietnam eyes 15% electricity production increase

Deputy Prime Minister Bùi Thanh Sơn has called on Vietnam Electricity (EVN) to raise power output by more than 15% in 2026, as part of efforts to sustain economic growth of above 10% and meet mounting electricity demand from emerging sectors

Samsung develops a solid-state silver-carbon battery breakthrough

Samsung development of a solid-state battery using silver as a core material could prove a disruptive moment for the electric vehicle industry, with potentially significant implications for global silver demand.

Indian firms INOX Clean Energy and RJ Corp to build 500MW solar project in Zimbabwe

Seoul urges deeper nuclear ties with Turkey

South Korea’s industry minister has called for closer cooperation with Turkey in nuclear energy and other sectors, as Seoul seeks to build on momentum from last year’s leaders’ summit.

China approves Jiangnan for civil nuclear ship equipment

China’s nuclear regulator has granted Jiangnan Shipyard Co Ltd approval to manufacture and install key items of civil nuclear safety equipment.

Philippines sets out streamlined pathway for nuclear licensing

The new end-to-end framework was drawn up during a focus group discussion on harmonising nuclear power plant licensing.

Singapore unveils Southeast Asia’s first fully electric harbour tug

Backed by MPA’s Maritime Innovation and Technology (MINT) Fund, EON is the first electric tug purpose-designed for operations in Singapore’s port waters.

India raises investment cap to speed grid expansion

With these higher limits Powergrid is better positioned to bid on capital-heavy projects like ultra high voltage AC and high voltage DC corridors

South Korea used cars lift $72bn exports

Adani Power wins 558-MW Tamil Nadu supply contract

Adani Power said on February 24 that its subsidiary, Moxie Power Generation Ltd., has secured a Letter of Award from Tamil Nadu Power Distribution Corporation Limited for the supply of 558 MW (net) of electricity over a five-year term