Indonesia Energy Obtains Key Permit to Initiate its 2020 Drilling Campaign
JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / March 24, 2020 / Indonesia Energy Corporation Limited (NYSE American:INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today announced that the company’s Technical Program and Drilling Budget has been approved by Pertamina, Indonesia‘s state-owned oil and natural gas corporation, which also granted IEC the permit to commence the bidding process to secure […]
Vietnam has only weeks left to get its wind market back on track
Previously praised for its attractiveness and gusty growth, Vietnam’s wind market now faces a pivotal moment. Should the Vietnamese government fail to send a clear signal of continued support for the industry in the coming weeks, investors could pull out and the country could miss its target of two gigawatts (GW) of wind capacity by 2025 […]
FiT-All fund still sufficient to support renewables industry — TransCo
THE National Transmission Corp. (TransCo) said it still has a “sufficient” balance in the feed-in-tariff allowance (FiT-All) fund to aid renewable energy (RE) developers and help sustain their operations during the Luzon-wide enhanced community quarantine. Late Friday, the Energy Regulatory Commission (ERC) ordered the suspension of FiT-All collections, effectively cutting power rates by P0.04 per kilowatt-hour […]
Thai Activists Protest New Xayaburi Dam on the Mekong
NONG KHAI, THAILAND – It’s been more than 40 years since Bula Tawan first cast his fishing net out across the Mekong River when the waterway was rich in marine life. But the days of big catches have disappeared for most fishermen like Tawan, who once relied on the big hauls to earn a living and […]
Fuel delivery to be prioritized – DoE
THE Department of Energy (DoE) said several measures were in place to ensure the unhampered delivery of fuel products amid the enhanced community quarantine imposed in Luzon to curb the coronavirus epidemic. The department said it had coordinated with the Bureau of Customs to prioritize importation of petroleum products and ethanol for supply security during the […]
Electricity demand drops 30% due to lockdown
POWER demand has fallen about 30% during the Luzon enhanced community quarantine to contain the spread of COVID-19 (coronavirus disease 2019), reflecting the decline in power use by shuttered businesses, the Department of Energy (DoE) said late Wednesday. Energy-related investments, it said, are also expected to be hindered by the lockdown, which has restricted public […]
Philippines to ensure 24/7 energy supply, as lockdown seen to slow power projects
MANILA – The Department of Energy said it was committed to providing “24/7” power, as the Luzon lockdown to stop the spread of COVID-19 threatened to delay some infrastructure investments. Some foreign contractors and workers were barred from traveling while delays in the delivery of imported parts and equipment needed for energy facilities was observed, Energy […]
Cambodia puts plans for mainstream Mekong dams on hold for 10 years
PHNOM PENH – Electricity-starved Cambodia will not develop new hydropower dams on the Mekong River for the next 10 years, a senior energy official said on Wednesday, as it reviews its policy to seek energy from coal, natural gas and solar. The decision means that neighboring Laos, which has opened two new dams on the mainstream Mekong […]
