Philippine banks move at slow pace in defunding coal
At least 10 Philippine banks give $841 million in loans and participated in $1.3 billion worth of underwriting activities involving at least five coal companies since the 2015 Paris climate agreement
China overtakes US in ASEAN investments
Large Chinese investments are overtaking US financing in ASEAN, according to Nikkei Asia. The mainland has already invested more than $5.3 billion under its Belt and Road Initiative (BRI), according to the University of Southern California’s US-China Institute in Los Angeles. On June 22, the mainland agreed with Cambodia to intensify cooperation in transportation networks. […]
CNOOC Gas & Power sizing up entry into new Cambodia LNG import terminal
CNOOC Gas & Power, China’s largest liquefied natural gas project developer, is considering farming in to an LNG import terminal to be built in Cambodia’s capital Phnom Penh.
Senate approves four draft proposals on energy investment projects
The Senate today endorsed and approved four draft government proposals to guarantee the payment of nearly $1 billion in energy investment projects.
TNB establishes renewable energy investment, asset management company in ESG push
KUALA LUMPUR (July 2): Tenaga Nasional Bhd (TNB) said its newly-established renewable energy (RE) investment and asset management company Vantage RE Ltd will own, operate and manage a portfolio of RE assets in the UK and Europe as part of the Malaysian government-controlled utility’s global environmental, social and governance (ESG) efforts.
Samsung urged to use 100% green energy in South Korea and Vietnam
HO CHI MINH CITY/SEOUL — Samsung must switch to using 100% renewable energy in South Korea and Vietnam — the tech conglomerate’s two biggest production bases — even as those countries plan to build more coal-fired power plants, Greenpeace said in a report on Tuesday.
French Development Agency lends 74.7 million EUR to EVN’s hydropower project
Hanoi (VNA) – The Vietnam Electricity Group (EVN) on June 29 signed a credit agreement with the French Development Agency (AFD) on a loan of 74.7 million euros (82.6 million USD) to develop the expanded Ialy hydropower plant in the Central Highland province of Gia Lai.
Mainstream to buy stake in 405MW Vietnamese solar
Mainstream Renewable Power is to acquire an 80% shareholding in Vietnamese outfit Technology and Development Joint Stock Company, which has a 405MW portfolio of solar projects in the Dak Nong province of central Vietnam.
