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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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AsiaElec: India's renewable energy storage capacity set to surge to 6 GW by 2028: report
AIIB commits $88mn to ENGIE’s solar power project in India
Beijing-based Asian Infrastructure Investment Bank (AIIB) announced on August 14 a commitment of up to INR7.3bn ($88mn) for ENGIE's solar power initiative in India.
ADM Group plans to invest $250mn in Pakistan’s EV industry
ADM Group, a private sector company, plans to invest $250mn in Pakistan’s electric vehicle (EV) industry.
India's Swan Energy to divest FSRU stake to Turkish firm Botas for $399mn
Swan Energy of India intends to sell its interest in a floating storage and regasification unit (FSRU) to the Turkish state-owned enterprise Botas for $399mn.
India's renewable energy capacity concentrated in just seven states
India's renewable energy capacity is predominantly concentrated in just seven states in the south and west of the country, Construction World reports.
Tata Power to develop 2.8 GW of pumped hydro storage in India's Maharashtra state
Tata Power has entered into a memorandum of understanding with the Government of Maharashtra to develop two large-scale pumped hydro storage projects with a total capacity of 2.8 GW.
Vietnam opens the door wider to foreign investment in offshore wind
Vietnam has taken a significant step towards expanding its offshore wind power sector by signalling its support for a major foreign investment project.
Excelerate Energy to increase global FSRU share, expand into Vietnam
US gas company Excelerate Energy has recently announced plans to develop a large-scale 1.2mn tonne per year (tpy) LNG import terminal in Haiphong, northern Vietnam.
Philippines green-lights world’s largest solar power project
The Board of Investments (BOI) has awarded green lane certification to Terra Solar Philippines Inc.’s monumental P200-bn renewable energy initiative, heralded as the largest solar power facility globally.
GE Power India secures $5.7mn order from STEAG Energy Services
Mumbai-listed GE Power India Limited has secured a purchase order valued at INR0.47bn from STEAG Energy Services Private Limited, according to a stock exchange filing on August 13.
India’s June crude imports drop by 6% y/y, OPEC says
India’s crude imports in June fell by 6% y/y, averaging 4.5mn barrels per day, largely following a lower seasonal trend, the Organisation of the Petroleum Exporting Countries said on August 12 in its monthly oil market report.
Germany’s Axitec launches solar module manufacturing plant in India
Germany’s Axitec Energy has launched a new 300 MW solar module manufacturing plant in the southern Indian state of Tamil Nadu, the company announced on August 13.
India's JSW Steel to acquire 66.67% stake in Australian coal firm for $120mn
JSW Steel, a leading Indian steel producer, has announced its intention to acquire a 66.67% stake in Australia-based M Res NSW HCC for $120mn.
India unveils plan to boost coal production
India’s Ministry of Coal has engaged mining developers cum operators (MDOs) for major coal mines under Coal India Ltd (CIL) to enhance coal production, reduce reliance on imported coal, and introduce state-of-the-art technology.
Adani Power’s Godda power plant in India permitted to supply the domestic market
Adani Power’s 1.6 GW Godda plant in eastern India, originally contracted to supply power to Bangladesh, can now also serve the domestic market following a recent amendment to the government’s power export rules.
Global wind to more than double by 2030, but more is needed, says Ember
National wind targets aim for a collective doubling of capacity by 2030, and global forecasts suggest this is achievable, says a new report by climate change think-tank Ember.
Petronas facing operational woes at one of Malaysia’s three LNG export plants
Malaysia's state energy firm, Petronas, has requested some of its buyers defer scheduled LNG cargo loadings from one of its export plants due to operational issues.
India's BHEL secures order for 1.6-GW thermal power project
Bharat Heavy Electricals Limited (BHEL) has secured an order to set up a 1.6-GW thermal power project on an Engineering, Procurement, and Construction (EPC) basis from Damodar Valley Corporation (DVC).
Manila Electric Co. announces power rate hike amid significant fuel price reductions
Manila Electric Co. (Meralco) is poised to implement a modest increase in power rates this August, even as local oil firms rolled back fuel prices substantially.
China is on track to overtake France and the United States as the world's leading source of atomic power
China is on track to overtake France and the United States as the world's leading source of atomic power, a significant milestone in the global energy landscape.
Sembcorp temporarily shuts down the Myanmar power plant amid unrest
Singapore-based Sembcorp Industries announced that it has temporarily halted operations at its natural gas-fired power plant in Myingyan, Mandalay Region, Myanmar, due to ongoing security concerns
Suki Kinari hydropower project’s first unit connected to Pakistan’s grid
The first unit of the Suki Kinari Hydropower project, built by China in northwest Pakistan, has been connected to the national grid.
Solar panel prices drop to all-time low in Pakistan
Solar panel prices in Pakistan have reached an unprecedented low, falling to PKR30-32 per watt.
Sterling and Wilson secures INR5.5bn order for solar power project in Rajasthan
Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a new order worth INR5.5bn ($66mn) for the engineering, design, testing and commissioning of a 400-MW AC / 633-MW DC photovoltaic (PV) plant.
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