Indonesian government to delay auction of geothermal working areas this year
The Ministry of Energy and Mineral Resources (ESDM) has postponed this year’s Geothermal Working Area (WKP) management offer. The Directorate General of New and Renewable Energy and Energy Conservation (EBTKE) had planned to offer five WKPs earlier this year. Geothermal Director Ida Nuryatin Finahari explained that the postponement of the WKP bid or auction was not […]
Philippines’ Duterte hikes tariffs on imported oil, refined petroleum
MANILA: Philippines President Rodrigo Duterte on Monday temporarily increased tariffs on imported crude oil and refined petroleum products to fund measures aimed at mitigating the economic impact of the Coronavirus outbreak. In an executive order, Duterte imposed 10 per cent additional duties on imported crude oil and refined petroleum products. Proceeds from higher tariffs would fund measures to address the outbreak, including cash dole-outs, the […]
KrisEnergy secures $87 million loan facility for Phase 1 of Apsara oil fields in Cambodia
KrisEnergy (Apsara) Company Ltd, the concession holder for Cambodia’s Block 1 offshore oil field has secured a credit facility agreement of $87 million. The credit facility agreement was signed with Kepinvest Singapore Pte and constitutes project financing for the funding of the funding of the development of the Group’s near-term development project at Cambodia Block A, […]
Thai firms expanding presence in Vietnam despite COVID-19
Hanoi (VNA) – Vietnam has remained an attractive destination for Thai enterprises to expand their business despite the COVID-19 pandemic ravaging the region. Thailand’s Delta Electronics PCL, a global producer of power and thermal management products and solutions, earlier this month announced it will establish a new subsidiary in Vietnam in the second or third quarter of this year.
Energy efficiency industry bats for inclusion in stimulus program
THE energy efficiency industry is seeking a share of stimulus incentives to encourage investment in power conservation, which is touted as an opportunity to emerge from the public health emergency with greener power infrastructure. The Philippine Energy Efficiency (PE2) Alliance said energy efficiency adoption by both the public sector and small businesses will also create jobs […]
Singapore’s EMA and Keppel Sign $10 Million MoU for Green Innovations in Marine Sector
Singapore’s Energy Market Authority (EMA) and Keppel Offshore & Marine (Keppel O&M) have announced that they have signed a memorandum of understanding (MOU) and entered into a $10 million (~₹759.42 million) partnership to develop energy solutions in the areas of distributed energy resources, digitalization, and emerging low-carbon alternatives.
Cambodia’s power project secures first guarantees from MIGA
The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has issued guarantees supporting the refinancing of existing power transmission infrastructure in Cambodia’s capital of Phnom Penh and its surroundings. The move paves the way for commercial funding to replace the facility previously offered by the Export-Import Bank of Malaysia.
Green debt issued in region doubles to $11 billion last year
Sustainable financing is gaining traction in South-east Asia, with green loans and bond issuances rocketing across the region last year and Singapore leading the way, a new report noted yesterday.
