AsiaElec - Asia Power

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Power

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Overview

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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China’s Goldwind inks contract for 43.5-MW wind, BESS project in Turkey

11 May 2026

Chinese wind turbine maker Goldwind Science & Technology (SHE:002202) said on May 11 it has inked a cooperation agreement with Turkish energy company Ova Enerji for the 43.5-megawatt Cayirlar hybrid project in western Turkey.

Nigeria's Dangote holds talks with Norway's sovereign wealth fund on joint African investments

11 May 2026

Aliko Dangote has held discussions with executives from Norway’s sovereign wealth fund, Yara International and Scatec, on investment opportunities across Africa spanning energy, renewables, fertiliser, agriculture and industrial infrastruce

Taiwan summer electricity bills to hit $34.52 average

11 May 2026

Taiwanese residential electricity prices will rise for the summer season starting June 1, Taipower announced. The state-owned utility expects the average monthly household bill to hit TWD1,084 ($34.52) during the four-month peak demand period.

Foxconn, Poland sign EV production deal

11 May 2026

Taiwanese tech giant Hon Hai Precision Industry (Foxconn) (2317.TW) signed a strategic partnership with Poland’s state-owned ElectroMobility Poland (EMP) to develop an electric vehicle (EV) ecosystem, the company announced on May 7.

Philippine bank backs $1.3bn green energy storage

11 May 2026

BDO Unibank Inc. (BDO) committed PHP75bn ($1.3bn) to finance two hydroelectric projects for Prime Infrastructure Capital Inc. in Rizal and Laguna, the bank announced on May 10.

Sri Lanka raises electricity tariffs by up to 18%

11 May 2026

Sri Lanka will increase electricity tariffs by up to 18% from May 11 as the country grapples with rising power generation costs linked to the ongoing conflict in the Middle East.

Australia to require LNG exporters to keep 20% for domestic supply

11 May 2026

LNG exporters in Australia will soon have to begin saving one-fifth of their production for the domestic market as Canberra seeks to prevent soaring gas prices and shortages.

Honda pauses Canada EV factory plans amid weak US demand

11 May 2026

The move follows the company’s earlier cancellation of development plans for three EV models intended for production in North America.

India's Gujarat state commissions 870-MW battery storage capacity across five locations

11 May 2026

India’s western state of Gujarat has rolled out battery energy storage systems with a combined capacity of 870 MW at five sites as part of its push to strengthen renewable energy integration and grid reliability.

Steam leak forces shutdown at ageing Japanese nuclear reactor

11 May 2026

Kansai Electric Power Co. said it halted a reactor at its Mihama nuclear power plant in central Japan on May 8 after steam was discovered leaking near a high-pressure turbine.

Laos becomes key player in ASEAN energy plans

11 May 2026

ASEAN leaders are advancing discussions on a regional fuel reserve system after recent supply disruptions linked to tensions in the Middle East, alongside renewed efforts to build a more connected Southeast Asian power network.

Vietnam pushes green transport through Hanoi vehicle restrictions

11 May 2026

Hanoi is moving ahead with plans to curb fossil fuel vehicles in central districts under a proposed low-emission zone scheme aimed at cutting pollution and promoting greener transport.

Sri Lanka's renewable energy sector warns of shutdown risk over unpaid dues

8 May 2026

Sri Lanka’s renewable energy industry has warned that mounting unpaid dues from electricity supplied to the national grid could push large parts of the sector towards collapse.

SPML bags $12mn NTPC battery energy storage project in India’s Bihar state

8 May 2026

SPML Infra (NSE: SPMLINFRA) has secured an INR1.13bn ($12mn) contract from NTPC (NSE: NTPC) to develop a 1-GWh battery energy storage system (BESS) at the Barauni Thermal Power Station in Bihar.

Thai investment drives growth in Laos energy sector

8 May 2026

Thai investment continues to play a central role in powering the expansion of Laos’ energy sector, strengthening bilateral ties and supporting regional energy stability amid ongoing global uncertainty

Philippines’ Greenlight secures $161mn for Leyte solar

7 May 2026

Greenlight Holdings Inc. (GRHI) secured a PHP9.36bn ($161mn) senior term loan to fund its 240-MWp San Isidro Leyte Solar Power Project, the company announced on May 6.

Osaka Gas tests bioplastic-to-energy conversion with partners

7 May 2026

Osaka Gas Co. has conducted a demonstration project converting used bioplastic bento containers into energy, highlighting efforts to find effective uses for such materials despite government promotion.

Pakistan consumers may get $230mn in electricity relief

7 May 2026

Electricity consumers across Pakistan, including users served by K-Electric, could receive relief amounting to PKR63.94bn ($230mn) after power distribution companies (DISCOs) submitted a petition to the NEPRA.

KP Group installs India’s first indigenous 4.2-MW wind turbine in Gujarat

7 May 2026

KP Group has installed India’s first indigenous 4.2-MW wind turbine (4.2M160) in South Gujarat, marking a significant advancement in the country’s renewable energy sector.

Cambodia boosts power supply, fast-tracks Vietnam electricity deal

6 May 2026

Cambodia is moving urgently to reinforce its electricity system as global energy pressures strain supply and push up demand.

Low-carbon sources met all of 2025’s electricity demand growth - OWID

6 May 2026

Solar and wind energy have grown quickly in recent years, but global electricity demand has grown faster. So while their share of electricity generation kept rising, it wasn't enough to push fossil fuels into absolute decline.

Subsea work begins on Philippines Malampaya gas project

6 May 2026

Subsea pipelaying and offshore construction are underway at the Malampaya Phase 4 (MP4) project off Palawan.

Singapore and Philippines sign landmark carbon pact

6 May 2026

Southeast Asia’s carbon market ambitions reached a critical milestone this week as Singapore and the Philippines signed a formal Implementation Agreement to collaborate on carbon credits under Article 6 of the Paris Agreement

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