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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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India's Gensol Engineering enters US market with launch of Scorpius Trackers

28 August 2024

India-based solar tracking solutions provider Gensol Engineering Ltd announced on August 28 its entry into the US market with the launch of its Delaware-based subsidiary, Scorpius Trackers.

Papua LNG FID expected to be delayed until late 2025

28 August 2024

The planned Papua LNG project in Papua New Guinea has suffered another delay, with joint partner Santos announcing that a final investment decision on the project is expected to be pushed back until late 2025.

Amigo LNG signs 20-year supply deal with Malaysia’s E&H Energy

28 August 2024

Amigo LNG, a subsidiary of LNG Alliance, Singapore, has reached a deal with E&H Energy of Malaysia to supply the firm with 3.6mn tonnes per year of LNG over a 20-year period.

Australia’s Ichthys LNG facility expected to restart Train 2 in October

28 August 2024

Output at the liquefaction train at the company’s onshore facility in Darwin in Australia’s Northern Territory stopped on August 20. While conducting operational monitoring activities, production was paused for repairs after identifying an issue.

Taiwan sees surge in green electricity transactions as market expands

28 August 2024

Taiwan's green electricity market has experienced a notable uptick in transactions, reflecting the island's deepening commitment to sustainable energy.

BHEL secures INR110bn deal with Adani Power for thermal power projects in India

28 August 2024

Indian state-owned Bharat Heavy Electricals Limited (BHEL) has signed a contract worth INR110bn ($1.3bn) with Adani Power Ltd. and its subsidiary, Mahan Energen Ltd., to set up three supercritical thermal power projects.

JSW Neo Energy wins 200 MW wind-solar hybrid project in India

28 August 2024

JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has been awarded a contract by Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 200 MW wind-solar hybrid power project.

India's Adani Power launches Middle East subsidiary in Abu Dhabi

28 August 2024

India’s Adani Power has launched a new subsidiary, Adani Power Middle East Ltd, in Abu Dhabi to invest in power, infrastructure, and related sectors in the region.

South Korea to raise electricity prices to address KEPCO's financial struggles

28 August 2024

South Korea's Industry Minister Ahn Duk-geun has confirmed that the government plans to increase electricity prices following the end of summer, aiming to alleviate the financial strain on Korea Electric Power Corp (KEPCO).

SK Innovation and SK E&S merger approved, set to create Asia-Pacific's largest private energy giant

28 August 2024

Shareholders of SK Innovation Co. and its energy affiliate SK E&S Co. have overwhelmingly endorsed the proposed merger of the two companies, which will form the largest private energy enterprise in the Asia-Pacific region.

Sri Lanka looks north to India’s Petronet LNG for power generation

27 August 2024

Sri Lanka's Minister of Power and Energy, Kanchana Wijesekera, in conjunction with India's Deputy High Commissioner, Satyanjal Pandey, have signed a far-reaching MoU to aid in guaranteeing power production on the Indian Ocean island.

India's coal production trends higher in FY 2024-25

27 August 2024

India’s coal production as of August 25 in the ongoing fiscal year 2024-25 (April to March), reached 370.67mn tonnes, marking a 7.12% y/y increase, the country’s coal ministry said on August 27.

Offshore and on, China leads the world on planned clean power installations

27 August 2024

A key boosting station in China’s first large-scale, offshore solar project has reached a landmark stage of construction, signalling the operational readiness of the project

Residents face rising electricity costs amid fuel shortages

27 August 2024

Residents and businesses in Ye Township, Mon State, are bracing for a 5% increase in electricity bills starting in September due to ongoing fuel shortages and rising fuel prices

Philippine energy regulator blocks power suppliers' termination of contracts with Meralco

27 August 2024

The Energy Regulatory Commission (ERC) of the Philippines has intervened to prevent three power suppliers from unilaterally ending their power supply agreements (PSAs) with Manila Electric Co. (Meralco).

The first meteorological tower was installed for Savannakhet wind farm projects

27 August 2024

Laos has begun construction of its first meteorological tower in Savannakhet Province to assess wind farm development potential in the region

India plans to deploy 40-50 small modular nuclear reactors

27 August 2024

India plans to install 40-50 small modular nuclear reactors (SMRs) as replacements for existing captive thermal power plants.

Global offshore wind capacity to surpass 520 GW outside China by 2040

27 August 2024

According to a new report from Rystad Energy, the offshore wind sector managed to navigate several challenges in 2023, achieving a 7% increase in new capacity additions compared with the previous year.

Japanese steelmakers invest $1bn in Australian coal mine to secure eco-friendly supply

26 August 2024

Japan's leading steel producers, Nippon Steel Corp and JFE Steel Corp, are set to invest a combined JPY160bn (approximately $1bn) in an Australian coal mine

Myanmar power plant resumes operations following temporary suspension

26 August 2024

Sembcorp Industries, a leading energy company based in Singapore, has announced the resumption of operations at its Myingyan power plant in Myanmar.

India adds 14.9 GW of solar capacity in 1H 2024

26 August 2024

India added 14.9 GW of solar capacity in the first half of the calendar year 2024, marking a 282% y/y increase

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