AsiaElec - Asia Power

Final COP28 agreement is a cop-out

The final COP28 agreement calls for a "historic" transition away from fossil fuels and a trebling of renewables. But in the end it seems the fossil fuel lobby won.

ThorCon Power Indonesia to collaborate with state-owned enterprises for nuclear power plant development

PT ThorCon Power Indonesia, a subsidiary of the U.S.-based nuclear power plant company ThorCon, is set to collaborate with a State-Owned Enterprise to establish a joint operating company for the development of a nuclear power plant

Powering a sustainable future: Vietnam seeks to boost domestic renewable energy production

Vietnam, a rising star in Southeast Asia's renewable energy scene, is aiming to accelerate its domestic production of solar and wind power solutions

Inpex given green light on Abadi LNG project in SE Indonesia

Inpex has been given the green light on the much anticipated $20bn Abadi LNG project

PTT Exploration and Production sets 5-year investment plan of $32.5bn, aims to grow sales by 9%

PTT Exploration and Production, Thailand's largest oil and gas exploration and production company, has unveiled its five-year investment plan of $32.5bn

Indonesian-owned electricity company PLN and UAE's TAQA join forces for sustainable energy future

Indonesia's state electricity company, PT PLN, has inked a Memorandum of Understanding with Abu Dhabi National Energy Company

Laos embraces green finance: partnering with IFC to cultivate a sustainable future

The Central Bank of Laos and the International Finance Corporation have formed a partnership to boost green finance initiatives within the country

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

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

REM: COP28 agrees to triple renewables by 2030

COP28 agrees to triple renewables by 2030

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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