AsiaElec - Asia Power

Bangladesh nears LNG supply deal with Summit Group

Bangladesh energy company Summit Group is in the final stages of negotiations with the government of Bangladesh to supply its state-run company Petrobangla with about 1.5mn tonnes per year of LNG.

CATL's Indonesian battery project on track for December investment fulfillment

Contemporary Amperex Technology Co, a leading Chinese battery manufacturer, is poised to meet its investment commitment for an Indonesian battery project in early December

Cambodia to build first gas-fired power plant, replace coal project with LNG facility

Cambodia has scrapped plans to build a 700-MW coal-fired power plant in Koh Kong and will instead build an 800-MW LNG plant

REM: COP28 – what will be the main battles?

COP28 – what will be the main battles?

As around 70,000 people descend on Dubai for COP 28, the warnings signs of the climate crisis are clear. So far this year has been the hottest ever, and the future looks bleak.

BlackRock: reforms could release $4 trillion in low-carbon investment in emerging markets

According to US investment giant BlackRock, the right public sector reforms and private sector innovation could release as much as $4 trillion in green investment in emerging markets by mid-century.

China leads global renewables with record installations, says Woodmac

China leads the global renewables race with a record-breaking 230 GW of installations in 2023, says UK consultancy Wood Mackenzie. A $140bn investment in 2023 and mass scale in its domestic market drives China’s advantage, said Woodmac.

Pakistan sees only top-drawer bids for January LNG delivery

Pakistan has received four international bids for the supply of an LNG cargo in early January, with the lowest bid at $18.46 per unit

IREDA shares surge after strong market listing.

Shares of the Indian Renewable Energy Development Agency, a non-banking financial company focused on renewable energy projects, extended gains after a successful debut on Dalal Street following its initial public offering

CP Group and Altervim launch pilot project to promote clean energy

Thai conglomerate CP Group has launched a pilot project, Total Clean Energy Solution, to use clean energy at its leadership academy in Pak Chong, Nakhon Ratchasima

Indonesia's renewable energy investment challenges in viable projects and policy barriers

Ernst & Young, a global auditing institution, has conducted an assessment of the challenges hindering investments in new renewable energy projects in Indonesia

Indonesia establishes Comprehensive Investment and Policy Plan (CIPP) launched by Just Energy Transition Partnership (JETP)

Indonesia has marked the official establishment of the Comprehensive Investment and Policy Plan within the framework of the Just Energy Transition Partnership

Indonesian Independent Power Producers welcomes the launch of Comprehensive Investment and Policy Plan

Independent Power Producers of Indonesia are expressing optimism about the prospects brought by the Comprehensive Investment and Policy Plan under the Just Energy Transition Partnership

PLN's solar power plant in Indonesia's new capital gears up for operation in February 2024

State-run electricity company PT PLN has announced that the solar power plant under construction in Indonesia's new capital city Nusantara, East Kalimantan, is set to commence operations in February 2024.

Indonesian PT Bukit Asam boosts coal exports to counter global price decline

Indonesian company PT Bukit Asam Tbk, a member of the state-owned mining industry holding company MIND ID, is set to intensify coal exports by the end of this year to mitigate the adverse effects of the decline in global coal prices

Thailand’s 2024 expansion of solar and wind driven by green power demand

As the global demand for green energy continues to surge, solar and wind power plants in 2024, exhibit significant growth, particularly in the Southeast Asian sphere

AsiaElec: Sri Lanka unveils long-term nuclear power plans

Sri Lanka unveils long-term nuclear power plans

Sri Lanka's government has revealed its commitment to integrating nuclear energy into its long-term energy strategy

China gears up for winter surge in power demand, anticipates record consumption

In preparation for the upcoming winter season of 2023/24, the Chinese government and utilities nationwide are bracing for unprecedented levels of power and gas consumption

Indian Oil plans to double Ennore LNG terminal capacity amid push for more gas

Indian Oil Corp will double the capacity of the Ennore LNG import terminal in the country’s south-eastern state of Tamil Nadu, the firm’s executive director for gas business announced on November 24.

Mongolia announces record-breaking 60mn tonnes of coal exports

Mongolia has already exported a record-breaking 60mn tonnes of coal this year, local media reported on November 24, citing data from the National Committee for the Revival of Border Ports.

Trafigura to supply Philippines with LNG cargo

Philippines’ power generation company First Gen Corporation (FGEN) has awarded its second LNG cargo tender to Swiss trader Trafigura. The cargo is to be delivered to a floating storage and regasification unit (FSRU), the BW Batangas.

Unit surcharge imposed on KE consumers in Pakistan for 12 months

The National Electric Power Regulatory Authority has acceded to a request from the Power Division to impose an additional special surcharge at a flat rate of $0.0054 per unit on all K-Electric consumers

Electricity price restructuring in Vietnam: 5-tier plan aims to balance costs

A draft decision by the Prime Minister on the electricity retail price structure in Vietnam suggests significant changes, including reducing the current 6-level price schedule to 5 levels

Solar pioneer envisions Cambodia's sustainable future with the advent of solar cars

Kong Pharith, the founder and CEO of IMB Cambodia Group, has transitioned from academia to pioneering Cambodia's first solar car