AsiaElec - Asia Power

Astra Group's United Tractors dives into the geothermal sector with Supreme Energy acquisition

PT United Tractors, Astra Group’s subsidiary specialising in heavy equipment, construction, and energy, is set to broaden its business through the acquisition of geothermal power generation company PT Supreme Energy

India's GAIL and Vitol Asia sign 1mn tonnes per year LNG supply contract

India's state gas company GAIL and commodity trader Vitol Asia have inked a long-term LNG deal spanning approximately 1mn tonnes per year for a tenure of about 10 years

State-owned electricity company PLN to implement bundled scheme for large-scale renewable energy projects

The Executive Director of the Institute for Essential Services Reform, Fabby Tumiwa, is urging state electricity company PT PLN to initiate auctions for large-scale renewable energy projects in 2024

India eyes strategic gas storage reserve

The Indian government is considering the establishment of a strategic gas reserve to address the volatility in natural gas prices and reduce dependence on imports

Indonesian energy ministry sets 2024 quota for B35 biodiesel distribution following 2023 implementation

The Ministry of Energy and Mineral Resources has established a distribution quota of 13.41mn kilolitres for B35 biodiesel in 2024

Vietnam proposes VND60 trillion boost for infrastructure and Con Dao power project

The Vietnamese government has proposed allocating approximately $2.5bn to fund 32 traffic projects and the Con Dao power grid project

Indonesia aims to boost coal output for 2024 despite growing domestic consumption

Indonesia has set a target to increase coal production in 2024, surpassing the previous year's output, according to data from the country's energy ministry

Record LNG imports in Asia as prices drop, China leads surge

In an unprecedented development, Asia's imports of LNG soared to a historical peak in December

PSA Mumbai is India’s first 100% renewable energy-powered container terminal

PSA Mumbai, a key player in the global port operations group PSA, has marked a significant achievement in its efforts to reduce emissions by becoming India's inaugural container terminal fully powered by renewable energy

Costly LNG, slow progress threaten Vietnam's gas power ambitions

Vietnam's ambitious plans to increase its dependence on LNG for power generation are facing significant challenges, raising concerns about achieving the set targets

Indonesia seeks new partner to replace Russian firm Zarubezhneft for Tuna Block’s gas project

Indonesia aims to replace sanctioned Russian firm Zarubezhneft in the gas-rich Tuna Block this year

Indonesia is confident in EU Biofuel showdown, eyes trade deal by 2024

Indonesia is betting big on winning its lawsuit against the European Union's biofuel restrictions and insists it won't derail their long-awaited trade pact

China building up electric auto infrastructure in Central Asia

An update on infrastructure development and investment in Central Asia.

Hydropower giant Hua Na debuts on HoSE with over VND4 trillion valuation, despite profit dip in 2023

Hua Na Hydropower Joint Stock Company, the investor behind the 180MW Hua Na Hydropower Plant, is poised to make its grand entrance on the Ho Chi Minh City Stock Exchange

Nepra okays second power tariff hike for Karachiites

On January 3, Pakistan’s National Electric Power Regulatory Authority approved a second power tariff increase within a week for consumers of K-Electric

Malaysia’s coal prices rebound, CPO weakens due to global factors

The commodity market witnessed a resurgence in coal prices for January 2024, recovering after a 6.72% dip

Quang Tri solar and wind projects attract Singaporean and Taiwanese investors

Foreign investors eyeing Quang Tri's solar and wind energy potential with potential stake purchases include Singaporean and Taiwanese companies

AsiaElec: Quang Tri solar and wind projects attract Singaporean and Taiwanese investors

Shin Hanul Nuclear Plant expands with second unit grid connection

South Korea's nuclear energy capabilities have received a significant boost as the second unit of the Shin Hanul nuclear power plant has started supplying electricity to the national grid

China creates new nuclear fusion body

In a major stride towards pioneering the future of energy, China unveiled the formation of the China Fusion Corporation on December 29

EVN to announce monthly electricity output to avoid summer shortages

The electricity agency of Vietnam will announce the mobilised electricity output on a monthly basis to help factories and units make contingency plans and avoid power outages during the upcoming summer season

Indonesia's energy transition program receives $775mn green financing boost

State-owned electricity company PT PLN has successfully secured $775mn in green loans from multiple national financial institutions

Vietnam's power giant EVN posts record loss, warns of potential 2024 shortages

Vietnam Electricity Group, the country's state-owned power giant, has announced a staggering estimated loss of $680mn for 2023

Setback for Sinopec: Kuqa Green Hydrogen Project delayed until late 2025

In a far-reaching development for China’s efforts to expand its green hydrogen output, Sinopec has conceded that its Kuqa green hydrogen project, currently the world’s largest, will not reach full operational capacity until late 2025

NREI, a joint venture of RATCH Group, acquires 30MW hydropower plant in Vietnam

Nexif Ratch Energy Investments Pte. Ltd., a joint venture of RATCH Group, has successfully acquired a 100% stake in the Minh Luong hydropower plant in Vietnam for approximately $25mn