B.Grimm looks to renewables, LNG
B.Grimm Power Plc, Thailand’s top private power generation firm by capacity, continues to expand its domain in renewable energy and liquefied natural gas (LNG) businesses as cleaner energy is becoming a new global trend. Its president Preeyanart Soontornwata said her company will not stop looking for business opportunities in energy sector despite economic slowdown caused by […]
Investors losing appetite for capital-hungry Thai energy producers
Investors are uncertain over the price of shares in energy producers after some launched moves to raise their capital, experts said. The price of the six big power producers with market capitalisation over Bt50 billion – Gulf Energy Development (GULF), Global Power Synergy (GPSC), Energy Absolute (EA) Electricity Generating (EGCO), B Grimm Power (BGRIM) and Ratch […]
Power companies face hardship in pandemic
Hanoi (VNS/VNA) – A number of hydropower and thermal power companies are facing hardships due to the severe impacts of the COVID-19 pandemic. In the second quarter of this year, among the 20 listed hydropower companies, 12 saw profits decline, six reported losses and only two witnessed profit rising over the same period last year. The declines […]
ADB pledges to double funds for Indonesia, pushes for green recovery This article was published in thejakartapost.com with the title “ADB pledges to double funds for Indonesia, pushes for green recovery”. Click to read: https://www.thejakartapost.com/news/2020/08/21/adb-pledges-to-double-funds-for-indonesia-pushes-for-green-recovery.html. Download The Jakarta Post app for easier and faster news access: Android: http://bit.ly/tjp-android iOS: http://bit.ly/tjp-ios
The Asian Development Bank (ADB) has pledged to double loan commitments to one of its biggest client countries this year to facilitate Indonesia’s economic recovery. The Manila-based lender usually committed US$1 billion to $2 billion each year for Indonesia, mostly in infrastructure projects, particularly those related to energy, said ADB country director Winfried F. Wicklein […]
Unscathed by COVID-19, Laos Gambles on Megaprojects to Revive Its Economy
Five months into the COVID-19 pandemic, East Asian countries like Vietnam, Taiwan and South Korea have garnered widespread praise for their effective handling of the coronavirus. Nearby Laos, with just 22 confirmed cases and no deaths, has gone largely unnoticed. While the World Health Organization has praised Laos’ prevention measures as “exemplary,” the mountainous Southeast […]
Israeli firm wants to expand petroleum exploration
AN ISRAELI FIRM sought to cover a wider gas and oil exploration area in the country, according to the Department of Energy (DoE). Two years after the Philippines signed a deal with Ratio Petroleum, Ltd. to unearth viable petroleum resources in Palawan, the foreign company now wants to “double” the area of its exploration. “They are faring […]
Pestech lists on exchange
Power transmission provider Pestech (Cambodia) Plc on Wednesday became the 13th company to list on the Cambodia Securities Exchange (CSX), following an arduous preparation process marred by the Covid-19 pandemic. In its initial public offering (IPO) Pestech Cambodia, a 100 per cent owned subsidiary of Malaysia-based Pestech International Bhd, issued 3.9 million shares (5.26 per cent […]
Goldwind and China National Electric Engineering Corporation Jointly Explore Wind energy Market in Vietnam
On July 31, 2020, Goldwind Science & Technology Co., Ltd. (hereinafter referred to as “Goldwind”) and China National Electric Engineering Corporation (hereinafter referred to as “CNEEC”) signed a deposit agreement and a strategic cooperation agreement for the Vietnam THANH PHONG 29.7MW Wind Power Project at Goldwind’s Beijing headquarters.
