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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 coal ministry allocates three mines with 30mn tonnes annual capacity
The Indian Ministry of Coal announced on September 5 the allocation of three coal mines—Machhakata (Revised), Kudanali Lubri, and Sakhigopal-B Kakurhi—to NLC India Limited, Gujarat Mineral Development Corporation Limited, and TANGEDCO.
Sri Lanka's LTL Holdings targets African power sector
Sri Lanka’s LTL Holdings is expanding its footprint into Africa's power generation sector, with plans to explore independent power producer opportunities.
Japan expands energy subsidies with $6.6bn allocation amid rising costs
Japan's government has announced an additional allocation of JPY989.15bn (about $6.6bn) to address escalating energy costs, nearly exhausting this fiscal year's reserve fund intended to mitigate inflationary pressures.
EIB explores funding opportunities in Pakistan, focuses on key infrastructure projects
Pakistan's Economic Affairs Minister hosted a delegation from the European Investment Bank (EIB), led by Edvardas Bumsteinas, division head for Asia & Pacific, alongside representatives from the EU Delegation in Pakistan.
Reliance Industries secures 10 GWh ACC battery project under India’s PLI scheme
Mumbai-based conglomerate Reliance Industries has been awarded a 10 GWh Advanced Chemistry Cell battery storage project by India’s Ministry of Heavy Industries under the Production Linked Incentive scheme.
Vires Energy cancels Batangas FSRU terminal
Vires Energy Corp, a subsidiary of Filippino businessman Walter Brown’s A. Brown Co., is dropping its notice to proceed for an LNG terminal planned for Batangas in the Philippines.
Mexico Pacific secures 20-year LNG supply deal with South Korea’s POSCO
Mexico Pacific has sealed a 20-year supply deal with South Korean industrial giant POSCO to sell the company 0.7mn tonnes per year of LNG.
Laos wind power project to begin operations ahead of schedule
The 600 MW Monsoon wind power project in Laos is set to start trial operations in late December, two months earlier than the initially planned February 2025 launch,
Oriana Power secures INR2.48bn solar project order from BPCL in India
Mumbai-listed Oriana Power Limited has secured a new order valued at INR2.48bn ($30mn) from state-owned energy company Bharat Petroleum Corporation Limited (BPCL) for a solar project.
Malaysia's Solarvest secures $26mn contract for solar farm project in Pahang
Solarvest Holdings Bhd, through its wholly-owned subsidiary Atlantic Blue Sdn Bhd, has secured a MYR113.29mn ($26mn) contract under the Corporate Green Power Program (CGPP)
IREDA, State Bank of India explore partnership to boost India’s renewable energy sector
Indian Renewable Energy Development Agency Limited (IREDA) and India's leading bank, State Bank of India (SBI), are considering a partnership in the renewable energy sector, IREDA announced on September 3.
India's Larsen & Toubro establishes renewable EPC business vertical
With effect from September 1, India’s $27bn engineering, procurement, and construction (EPC) company Larsen & Toubro (L&T) has established a separate business vertical for renewable EPC.
Resco Global Wind Services raises INR3.5bn to capitalise on India's wind energy opportunities
Clean electricity set to break new records
The global shift to clean energy has achieved significant milestones that is expected to continue advancing at a steady rate, according to two new reports by BloombergNEF.
Laos considers electricity price adjustments
The Ministry of Energy and Mines (MEM) is exploring changes to electricity prices for the 2024-2028 period to ensure the long-term sustainability of electricity generation and supply.
Adani Green Energy, TotalEnergies to establish joint venture in India for solar projects
India's Adani Green Energy has approved binding agreements, including a joint venture agreement, with French energy giant TotalEnergies, enabling an additional $444mn investment by the French company into a new 50:50 joint venture entity.
Indonesia eyes $3.5bn in new business deals with Africa, aims to boost renewable energy sector
Indonesia is set to finalise business deals worth $3.5bn with African nations, focusing on the downstream development of the renewable energy sector to enhance economic value
Gensol Engineering and Matrix Gas & Renewables secure India’s first bio-hydrogen project contract
Mumbai-listed engineering company Gensol Engineering, in collaboration with Matrix Gas & Renewables Ltd., a green hydrogen developer and natural gas aggregator, has emerged as the lowest bidder for the EPC contract.
India's coal output rises 6.5% in April-August FY2024-25
India's coal production reached 384.08mn tonnes in the April to August 2024 period of FY2024-25, marking a 6.5% year-on-year increase, the Indian Ministry of Coal announced on September 2.
Indian coal ministry fast-tracks 38 rail projects to boost coal connectivity
In order to improve connectivity in the coal industry, Indian Coal Ministry has identified 38 priority rail projects under the coal logistics plan that will be fast-tracked in close coordination with the Ministry of Railways
Singapore-based Aslan Energy Capital and PT Calypte Sugi Power partner to develop solar power hub in Indonesia
Aslan Energy Capital, based in Singapore, and Indonesia's PT Calypte Sugi Power have signed an MoU to collaborate on developing a power generation hub on Sugi Island in Indonesia's Riau Islands Province
Air Products secures 10-year solar PPA in Taiwan, boosting industrial decarbonisation
Air Products has finalised a 10-year power purchase agreement (PPA) with Tatung Forever Energy, a subsidiary of Taiwanese conglomerate Tatung Co.
South Korea greenlights major floating wind projects
South Korea’s environmental and trade authorities have granted approval for two significant floating offshore wind projects poised to bolster the country’s renewable energy ambitions.
Norsk Kjernekraft and South Korean partners explore nuclear power plant at Mongstad
Norsk Kjernekraft has formalised a partnership with South Korea’s DL Energy and DL E&C to assess the feasibility of establishing a nuclear power plant at the Mongstad oil refinery in Norway
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