AsiaElec - Asia Power

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Power

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Overview

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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Laos takes a dive into sustainable power: floating solar project takes flight

14 December 2023

Laos is diving headfirst into the world of renewable energy, with a focus on cutting-edge floating solar technology,

COP28 agrees to triple renewables by 2030

13 December 2023

COP28 ran overtime, and nearly 200 countries finally agreed to transition away from fossil fuels, and to triple renewable energy and double energy efficiency.

China’s largest onshore wind facility begins full-power operation

13 December 2023

China’s largest onshore wind power project, with an electricity generating capacity of more than 10 TWh a year, has reached full-capacity production and was connected to the grid in north China’s Inner Mongolia Autonomous Region.

Infroneer to buy wind company hit by racehorse bribes for $1.4bn from Bain

13 December 2023

The Japanese civil engineering consortium, Infroneer Holdings, plans to acquire Japan Wind Development, a wind power firm, from US private equity giant Bain Capital, in a transaction estimated at JPY200bn ($1.36bn).

Equinor, Korea Southern Power may partner on offshore wind

13 December 2023

Korea Southern Power and Norway’s Equinor have signed a memorandum of understanding to explore a potential partnership on offshore wind projects in South Korea near Chuja Island.

EGCO Group to expand into Indonesia with $194mn investment in infrastructure company

13 December 2023

EGCO Group, a leading energy company in Thailand, has announced that its subsidiary, Phoenix Power B.V., will acquire a 30% stake in PT Chandra Daya Investama, an Indonesian infrastructure company

Domestic player lags behind as foreign giants feast on Vietnam's solar battery boom

13 December 2023

Vietnam's solar battery market is experiencing explosive growth, projected to reach a value of over $3bn by 2030

Malaysian palm oil futures dip on reduced exports amid weaker demand and cold weather start

13 December 2023

Malaysian palm oil futures experienced a decline on December 11 attributed to a decrease in exports, reflecting subdued demand at the onset of colder weather

Barito Renewables Energy expands portfolio with acquisition of wind power plant in South Sulawesi

13 December 2023

PT Barito Renewables Energy Tbk has reached a preliminary agreement to acquire 100% of the shares of PT UPC Sidrap Bayu Energy

PGN, PTGN and PGE forge gas agreement with PT Pupuk Iskandar Muda for Aceh and North Sumatra industries

13 December 2023

PT Perusahaan Gas Negara Tbk. in collaboration with PT Pertagas Niaga and PT Pema Global Energi, recently concluded a significant Gas Sales and Purchase Agreement

Phnom Penh reveals plans for Cambodia’s first ever LNG-fired power plant

13 December 2023

The government of Cambodia has revealed plans to construct its inaugural gas-fired power station in Botum Sakor

Economist highlights consumer benefits in open electricity market for Indonesia

13 December 2023

Consumers stand to gain from the open electricity market policy, and there is no cause for concern as the electricity market opens up to various players, according to Ryan Kiryanto, a senior economist

Malaysia and Brunei introduce ASEAN Climate Change Centre at COP28

13 December 2023

Malaysia and Brunei Darussalam jointly introduced the ASEAN Climate Change Centre (ACCC) during the United Nations Climate Change Conference

Vietnam needs over 74mn tonnes of coal for power generation in 2024, with 26mn tonnes to be imported

12 December 2023

In accordance with the planning decision for electricity production in 2024, coal-fired power plant investors are mandated to secure a total of over 74.3mn tonnes of coal for the upcoming year's electricity generation

IREDA shares hit 20% upper circuit

12 December 2023

Indian Renewable Energy Development Agency shares experienced a robust surge, climbing 20%

Indonesian oil distributor AKR Corporindo initiates LNG venture in Java's KEK JIIPE, eyes 2027 operation

12 December 2023

PT AKR Corporindo Tbk, a prominent player in the oil distribution sector, is gearing up to launch a liquefied natural gas project within the Java Integrated Industrial and Port Estate

Vietnam and Laos deepen energy cooperation with focus on electricity and coal

11 December 2023

Vietnam and Laos have taken significant steps to strengthen their ties in the energy sector, placing particular emphasis on importing electricity and coal from Laos

PTTEP achieves offshore discoveries in Malaysia, moves to engineering phase

11 December 2023

PTTEP has announced a series of discoveries offshore Malaysia, unveiling new findings in three fields off Sarawak

Vietnam's gas power development: challenges and opportunities

11 December 2023

Vietnam's National Electricity Development Plan predicts that domestic gas thermal power and liquefied natural gas will contribute a significant portion of the country's energy mix by 2030

Barito Renewables Energy surpasses Bank Central Asia in Indonesia’s market cap

11 December 2023

Barito Renewables Energy, a geothermal company owned by conglomerate Prajogo Pangestu, has claimed the top position in the list of companies with the highest market capitalisation on the Indonesia Stock Exchange

India’s PV module market gets a boost

9 December 2023

Waaree Energies Limited has joined forces with IRCON Renewable Power Limited to deliver more than 200 MW of solar photovoltaic modules in Karnataka

NHOA unveils largest BESS in Taiwan to support E-dReg ancillary service

8 December 2023

New Horizons Ahead has successfully inaugurated a cutting-edge Battery Energy Storage System in Taiwan

ADB in $10bn climate finance package for the Philippines

8 December 2023

The Asian Development Bank has declared a significant climate financing initiative amounting to $10bn for the Philippines

Pertamina nears final investment decision for LNG Abadi Block Masela project

8 December 2023

Indonesia-owned gas company Pertamina is on the brink of making a crucial final investment decision for the LNG Abadi Block Masela project in the Tanimbar Islands

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