Indonesia, RoK sign MoU on oil and gas cooperation
Jakarta (VNA) – Indonesian energy producer, PT Pertamina, and a consortium of companies of the Republic of Korea (RoK) signed a memorandum of understanding (MoU) to explore business cooperation opportunities in Indonesia’ oil and gas industry, specifically in the Refinery Development Master Plan (RDMP) of Dumai in Riau.
Indonesia Coal Miner Aims to Buy Back Bonds at 57% Discount
(Bloomberg) — An Indonesian coal miner offered to buy back its outstanding dollar bonds at a discount of at least 57%, adding to signs of deepening stress for the sector as demand slumps amid the coronavirus pandemic. Singapore-listed Geo Energy Resources Ltd. offered to pay $430 for every $1,000 of principal to noteholders who submit […]
Philippine banks’ long road to clean energy
The Philippines has shown the first signs of a shift away from coal financing, but industry observers said the pace is woefully slow and unlikely to pick up in the foreseeable future. Last month, the Philippine central bank began requiring financial institutions to disclose their exposure to environmental and social risks in a policy framework on sustainable finance.
Total Solar DG to expand Asian Pacific rooftop solar portfolio by 60MW in 2020
Total Solar Distributed Generation (DG) plans to grow its portfolio of operating solar energy assets in the Asia Pacific region by around 60MW in 2020. The company has installed nearly 8MW of roof-mounted solar systems across the region so far in 2020 and is projected to complete construction of key projects by the end of the year.
Philippines Central Bank Offers Support for Energy Transition and Renewables: IEEFA
The Philippines’ Central Bank (Bangko Sentral ng Pilipinas) has approved a Sustainable Finance Framework to safeguard the financial system from the evolving material hazards from climate change and energy transition risk including stranded assets, the Institute for Energy Economics and Financial Analysis (IEEFA) reports in a new briefing note.
Việt Nam offers tremendous investment opportunities: VinaCapital CEO
HCM CITY — Consumer goods, healthcare, energy, construction materials, infrastructure, and technology are among the sectors with enormous potential for investment in Việt Nam once the COVID-19 pandemic subsides, an expert has said. Don Lam, co-founder and CEO of fund management company VinaCapital, recently spoke to a group of Korean investors through video conferencing about Việt […]
HSBC Targets Singapore Oil Trader ZenRock Over Finance Deals
(Bloomberg) — HSBC Holdings Plc, already on the hook for $600 million in loans to fallen Singapore oil giant Hin Leong, has taken steps to oust the management at another energy firm, claiming it used the same cargo to secure financing from multiple banks.
Ministry calls for allowing private investment in power transmission
The Ministry of Industry and Trade wants private investments allowed in power transmission, now a state monopoly, as demand surges in a booming economy. It has proposed that the new Public-Private Partnership (PPP) Bill should have provisions allowing private companies to invest in transmission lines and substations connecting power plants with the national grid.
