AsiaElec - Asia Power

IOC looks to build India’s first green hydrogen project

State-run Indian Oil Corp. (IOC) intends to build the country’s first green hydrogen plant at its 8mn tonne per year (160,000 barrel per day) Mathura refinery in Uttar Pradesh, chairman Shrikant Madhav Vaidya said this week.

India’s Vikram Solar to build 1.3-GW PV module plant

India’s Vikram Solar to build a 1.3-GW per year solar PV module manufacturing plant at the Indospace Industrial Park in Chennai, Tamil Nadu State.

Global investors turn to green energy and away from fossil fuels

The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis (IEEFA) said.

Japan raises 2030 green power targets

Japan is to increase its 2030 target for renewables’ share of power generation to 36-38%, up from the current 22-24%, as it looks for ways to meet its 2030 Paris climate targets.

South Korea faces power cuts as demand rises

South Korea’s power networks are in danger of failing to meet demand during the present hot weather, with the difference between supply margin falling to a low of 10% this week.

Iberdrola moves into Vietnam with acquisition of Sowitec Vietnam

Iberdrola has acquired Asian green developer Sowitec Vietnam in a move that gives it access to a 550-MW renewables pipeline, including a floating solar project and five onshore wind farms.

Wind, solar to account for 7% of electricity in Pakistan

Renewables will soon account for 7% of Pakistan’s power output, with 2,000 MW of green capacity currently operating in the country.

ASIAELEC: Siemens Gamesa clinches 322-MW Indian turbine deal

Siemens Gamesa has won a 322-MW turbine supply deal from India’s ReNew Power for the Tondehal wind farm in the southern state of Karnataka.

REM: Wind CEOs warn G20 to “get serious” about renewable energy

Leading CEOs of the global wind industry are calling on G20 members to show leadership in the climate crisis by raising national ambitions and urgently laying out concrete plans for increased wind energy production to replace fossil fuels.

Early signs are ‘Turkey, Russia, China would dispute EU’s CBAM at WTO’

South Korea issues permit for Shin Hanul 1 reactor

South Korea's nuclear safety regulator has given its conditional approval for the start-up of unit 1 at Korea Hydro & Nuclear Power's Shin Hanul nuclear power plant.

White Summit Capital, Marubeni to develop green hydrogen projects

Switzerland-based infrastructure investor White Summit Capital has signed a memorandum of understanding with Japan-based Marubeni to develop more than 1 GW of industrial-scale green hydrogen projects, mainly in Spain, over the next decade.

ADB commits to full alignment with Paris agreement

The Asian Development Bank (ADB) has committed itself to aligning its operations with the goals of the Paris Agreement.

Adani Group to expand coal capacity

India’s Adani Group is doubling its coal-fired power capacity to 24 GW and expanding its coal production to 132mn tonnes per year.

REM: BlackRock raises $250mn to fund climate transition in emerging markets

BlackRock has raised $250mn from a consortium of ten institutional investors, governments and charities for its flagship blended finance fund, which aims to help emerging market economies reduce carbon emissions.

ASIAELEC: Pakistan opens $1.7bn Chinese-built power line

Pakistan has opened the $1.7bn, 660-kV Matiari–Lahore power line as part of government efforts to use Chinese money and technology to shore up the country’s power grid.

Kazakhstan launches China-backed small hydropower plant

Sinopec launches CCUS projects

State-owned Sinopec has unveiled two new carbon capture, utilisation and storage (CCUS) projects as it strives to achieve carbon neutrality by 2050.

Philippines’ San Miguel scraps plans for three coal plants

The Philippines’ San Miguel Corporation has abandoned plans to build 1,500 MW of coal-fired capacity at three plants across the country.

Bechtel wins FEED contract for Vietnam’s Bac LNG-to-power project

Singapore’s Delta Offshore Energy has awarded Bechtel a front-end engineering and design contract for its 3,200-MW combined cycle gas turbine power plant in the Bac Lieu province in Vietnam.

Green hydrogen needs supportive energy policies and lower costs

Green hydrogen is currently five times more expensive than grey hydrogen, meaning that the renewable fuel is unlikely to affect the credit profiles of EMEA integrated utilities in the next few years, Fitch Rating said in a recent report.

UN’s Green Climate Fund provides $501.1mn for four new climate projects

The UN’s Green Climate Fund (GCF) has allocated $501.1mn for four new climate projects around the world.

Indian coal production drops 2%

India's total coal production fell by 2.02% to 716.084mn tonnes during the year to March 2021.

Chinese win $241mn contract for Pakistani hydro expansion

A joint venture of Harbin Electric International Company and Harbin Electric Machinery Company have won a $241.1mn contract for electro-mechanical works for the 1,530-MW Tarbela 5th Extension Hydropower Project in Pakistan.

ASIAELEC: Siemens Gamesa’s typhoon-proof offshore turbine surges ahead

Siemens Gamesa’s latest offshore turbine design has been certified typhoon-proof by international regulators, its second model to receive such a rating from TÜV NORD.