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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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India’s confident of meeting renewable target
India aims to increase its non-fossil fuel energy capacity from 134 GW today to 220 GW by the end of 2022.
State Gas reveals CBM production record
Australian junior State Gas has revealed a new coal-bed methane (CBM) production test record at its wholly owned Reid’s Dome project in the Bowen Basin.
Australia well placed to exploit green hydrogen potential
Economies of scale and the falling cost of renewables make Australia well placed to exploit its future green hydrogen potential
ADB advised to withdraw from coal
The Asian Development Bank’s internal watchdog, Independent Evaluation, has urged the bank to revisit its energy policy and formally withdraw from financing new coal-fired projects.
Total, Macquarie to develop 2-GW floating wind portfolio in South Korea
Total and the Macquarie-owned Green Investment Group (GIG) have concluded a 50/50 partnership to develop a portfolio of five floating offshore wind projects in South Korea.
Australia’s gas plans appear to be on shaky ground
The Australian government does not appear to have noticed that its plans to bolster gas-fired power generation (GPG) over the long term have begun to unravel rather rapidly.
Japan to reach 27% green energy in decade
Investing over $100bn in solar and wind power over the next decade is expected to take Japan beyond its renewables target and achieve 27% of the energy mix.
Ampol sinks to first-half loss
Australian refiner and fuel retailer Ampol swung into the red in the first half of 2020 as the COVID-19 pandemic wreaked havoc on international oil prices and domestic fuel demand alike.
Pertamina posts first-half loss
Indonesia’s state-owned Pertamina swung into the red in the first half of the year as a “triple shock” of weaker energy demand, lower oil and gas prices and a depreciating rupiah took its toll.
IOC invests $47mn in Paradip refinery’s MEG plant
State-run Indian Oil Corp. (IOC) has invested INR3.46bn ($46.9mn) since the start of the financial year on its project to add a monoethylene glycol (MEG) plant to the Paradip refinery in Odisha State.
ONGC reveals $6.1bn debt plan
India’s state-run Oil and Natural Gas Corp. (ONGC) has said it is considering raising up to INR450bn ($6.1bn) worth of debt, following recent reports that the developer would struggle to finance its capital expenditure objectives.
Green hydrogen needs more government backing
Current growth rates in the global green hydrogen industry are just not high enough to meet global energy demand, with massive capital shortfalls and government inaction stalling start-ups.
JERA files EIA for 520-MW offshore wind farm in Japan
Japanese energy company JERA has filed an environmental impact statement (EIA) for its proposed 520-MW offshore wind farm in the Ishikari Bay off the northern island of Hokkaido.
Goldwind continues Australian green expansion
Goldwind had made further steps in developing the $1.5bn Clarke Creek hybrid wind, solar and battery project in Queensland
Novatek pledges 2030 climate goals
Mongolia focused mining company finds new investment from Singapore's QT Vascular in RTO
Hong Kong-based Golden Concord Holdings ties up with H. Sterling to restructure its LNG and gas businesses
Hong Kong-based energy conglomerate Golden Concord Holdings Ltd (GCL Group) has launched a strategic restructuring of its LNG and gas businesses, the company announced on May 31, 2020, and established a new company, GCL Natural Gas Group Ltd.
PTT looks to greener future
Thailand’s state-owned PTT is ramping up its commitment to renewable power generation amid a downturn in its oil and gas business.
India mulls another gas price cut
India is reportedly planning to reduce prices for domestically produced natural gas to their lowest level in more than a decade, ignoring state-run producer complaints that already low prices make development uneconomical.
Green energy could reduce Asian LNG production emissions by 8%
Using renewable energy to operate LNG production plants across the Asia-Pacific region could reduce emissions by about 8%
Flood forces China’s Tongwei to cut polysilicon capacity by a quarter
Tongwei Group has closed down a quarter of its polycrystalline silicon, or polysilicon, capacity because of severe flooding this week in southeastern China.
Green energy grows during lockdown, but not by enough
Solar and wind output grew 14% during lockdown, but the expansion is too slow to meet the Paris Agreement goals
Vestas secures 86-MW EPC deal to expand Lincoln Gap Wind Farm
Vestas has signed an 86-MW contract with Nexif Energy to supply turbines for the second stage of the Lincoln Gap Wind Farm in South Australia.
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