AsiaElec - Asia Power

Thailand to remove solar rooftop from factory registration requirement

Thailand's Ministry of Industry has announced plans to deregulate solar rooftop installations, meaning that they will no longer be classified as factories

Racing against time: Vietnam's 500kV Circuit 3 Project aims to power up the north

Vietnam's ambitious 500kV Circuit 3 Line project, a 514-kilometre behemoth stretching from Quang Trach to Pho Noi, is in a neck-and-neck race against time.

Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA

The International Energy Agency has released a major report that found the world’s renewable capacity was up by half in 2023 and is currently growing at the fastest pace ever.

Petronet LNG initiates east coast expansion with Gopalpur Port terminal

In a somewhat surprising move aimed at bolstering its presence on India's east coast, Petronet LNG Limited, one of India's leading LNG importers, has inked pivotal agreements to establish its first LNG terminal in the region

Private coal giant Hop Nhat debuts on stock market with billion-dollar valuation

Hop Nhat Joint Stock Company, a leading private coal miner in Vietnam, made a stellar debut on the UPCOM stock exchange on January 11, raising eyebrows with its swift price surge

The Pakistan government fails to woo a single investor for solar project

In a significant setback, the 600-MW solar power project at Muzaffargarh faced a major hurdle as no bids were received despite numerous revisions in incentives and extended deadlines

Germany commits $288.3mn to foster sustainable development in Indonesia

Germany has pledged $288.3mn to support sustainable development initiatives in Indonesia

State-owned electricity company PLN turns power poles into EV charge stations

State-owned power giant PLN is transforming electricity poles into convenient electric vehicle charging stations to make charging electric cars more accessible

Spot LNG prices fall amid high storage levels

Spot LNG prices have tumbled amid high gas inventory levels in Europe and Asia, which have weakened demand for cargoes of the super-chilled fuel.

EGCO acquires 50% stake in US power portfolio, boosts capacity by 652 MW

Electricity Generating Public Company Limited has successfully acquired a 50% stake in the Compass portfolio of power plants, with a total capacity of 1,304 MW in the United States

Gautam Adani promises $24.05bn investment in Gujarat, to create 100,000 jobs

The Adani Group has unveiled plans to invest INR2 lakh crore - $25.04bn - in Gujarat's green energy and renewable sectors over the next five year

Taiwan election poised to impact global chip supply and investor sentiment

As Taiwan braces for its pivotal elections, investors worldwide are monitoring the event closely, anticipating significant repercussions for cross-strait relations and the global semiconductor industry

Pakistan as a beneficiary as LNG spot price index drops

LNG futures trade volumes rise in 2023, reach record level in fourth quarter

The volume of LNG futures trades on financial exchanges climbed by more than 12% in 2023 compared to 2022 according to data from exchanges and brokers.

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