Petronas-linked shares’ prices up after crude oil gains
KUALA LUMPUR (July 3): Petronas Chemicals Group Bhd’s (PetChem) and Petronas Dagangan Bhd’s (PetDag) share prices rose in early trade today in an apparent response to the crude oil price rise during overnight trading. As at 9.21am, PetChem had risen 13 sen or 1.98% to RM6.68 while PetDag had climbeded 20 sen or 0.97% to RM20.90.
Myanmar LNG projects overcome pandemic and sceptics
China and Hong Kong-led consortium has started operating first of three planned facilities as Yangon targets nationwide electrification. A Chinese-backed LNG-to-power project that recently started generating electricity for the largest city in Myanmar underlines rising Chinese involvement in the Southeast Asian country’s growing gas and power sectors.
Details of Bantuan Prihatin Elektrik included in TNB’s July bill
TENAGA Nasional Bhd’s (TNB) domestic residential customers are expected to receive detailed statements of the Bantuan Prihatin Elektrik (BPE), which also covers the previous three-month period, in their July billing. TNB said breakdown of the amount would be attached to the customers’ July bill, which will be mailed within seven days after the month’s meter reading. “They […]
Putrajaya announces extension of electricity bill discounts to Dec 2020
KUALA LUMPUR, July 2 — The government has decided to extend discounts offered on electricity bills, as announced under the Prihatin Economic Stimulus Package, until December this year. The three-month extension will benefit up to 7.66 million domestic users in peninsula and up to 520,000 and 580,000 in Sabah and Sarawak respectively, according to Energy and […]
Floating Solar to Generate 900% More Electricity Across APAC: IEEFA
Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi at the Institute of Energy Economics and Financial Analysis (IEEFA) note that power demand in the Philippines and Malaysia has dropped by as much as 16 percent during the COVID-19 lockdown, causing extreme […]
Investment in Myanmar to help China
Amidst a brutal border standoff, the government has approved investments in a Myanmar project which will lead to more gas for China. The Cabinet Committee of Economic Affairs, under Prime Minister Narendra Modi, has approved an additional investment of $121.27 million by ONGC Videsh for the development of Block A-1 and A-3 of the Shwe […]
Cabinet accepts B200bn in energy schemes
The cabinet on Tuesday acknowledged the Energy Ministry’s plan to accelerate investment in energy projects worth more than 200 billion baht, starting later this year, in a collective move to help reboot the economy. According to Rachada Dhnadirek, deputy government spokeswoman, the Energy Ministry has pledged to rev up spending on large-scale energy projects and renewable […]
Energy minister comes up with plan to spark Thai economy
BANGKOK (The Nation/ANN): Energy Minister Sontirat Sontijirawong has come up with a plan to help mitigate the impact of Covid-19 and plans to propose it to Deputy Prime Minister Wissanu Krea-ngam on Thursday (June 25). Sontirat said this plan will help accelerate investments, such as community power plants to stimulate the grassroots economy, promote the country […]
