Oddar Meanchey coal power plant set for next year
A 265MW coal-fired power plant in Oddar Meanchey province is scheduled to begin operations early next year as construction of the plant’s infrastructure and transmission line connecting to East Siem Reap Substation nears completion, according to deputy provincial governor Di Rado.
Asian Development Bank to stop financing coal plants
The Asian Development Bank (ADB) will stop financing new coal power plants under a draft energy policy released Friday, a move that was cautiously welcomed by environmental groups.
Malaysia’s Maybank to stop financing new coal activities
KUALA LUMPUR, May 6 (Reuters) – Malaysia’s Malayan Banking Bhd (Maybank) on Thursday said it will no longer finance new coal activities as part of a five-year strategy that will also see the bank committing 50 billion ringgit ($12 billion) in sustainable financing.
Coal to continue leading power generation in Vietnam over next decade
Coal is set to continue leading power generation in Vietnam over the next decade, says a report. The analysis by data and analytics firm GlobalData shows that coal generation in the Southeast Asian country will reach 177.7 terawatt-hours (TWh) by 2030, providing almost 39% of its total power generation.
Vietnam to cancel coal despite power demand growth
The latest draft of Vietnam’s 8th Power Development Plan (PDP8) shows increased intentions to move away from coal-fired power and toward renewables and natural gas during the next decade, even as the country seeks to keep up with rapid demand growth.
Renewable increase cuts Vietnam coal burn in 1Q
An increase in hydro and renewable output in Vietnam cut the country’s coal burn on the year in the first quarter, despite an increase in overall power generation. Vietnam’s coal burn declined by 12pc on the year to 29.8TWh in January-March — a 1.6mn t drop to 11.2mn t of NAR 5,700 kcal/kg-equivalent coal burn […]
Philippines lifts nine-year ban on new mines to boost revenues
Philippine President Rodrigo Duterte has lifted a moratorium on new mineral agreements imposed in 2012, reopening the door to investments in a move that will boost state coffers but has dismayed environmental activists. The Philippines, the top supplier of nickel ore to China and a major producer of copper and gold, imposed the moratorium while […]
Welltec bags well intervention deal with Petronas
Danish offshore energy technology firm Welltec has won an exclusive three-year contract from Malaysian energy major Petronas. Under the agreement, Welltec will become the sole provider of downhole conveyance and powered mechanical services in both East and West regions of Malaysia. “It’s a great team effort that has led to the award of this exclusive […]
