Proton inks deal to sell smart EVs in Malaysia, Thailand
Proton and smart Automobile Co Ltd (smart) has formalised a deal following the signing of a General Distributorship Agreement (GDA) today, which will see the national car maker launching the first model by the fourth quarter of 2023. Under the GDA, Proton will sell and service the smart electric vehicles (EVs) brand in Malaysia and […]
RATCH to acquire Nexif Energy portfolio
Denham Capital and Nexif have signed a share sale agreement with Thailand’s RATCH Group for Nexif Energy’s portfolio of renewable energy and storage assets in the Asia Pacific.
KBank offers free solar rooftop installation for 500,000 households
KBank continues to advance the ‘GO GREEN Together’ project, working with four partners in launching the ‘SolarPlus’ initiative, targeting the installation of solar rooftops for 500,000 households free of charge within five years.
Prototype plant for biomass pellets with FlashTor innovation opens in Thailand
The Thailand-based engineering, procurement and construction company TTCL has partnered with renewable energy firm Blackwood Technology. The agreement sees TTCL investing in a prototype plant for biomass pellets with Blackwood Technology’s FlashTor® innovation for the first time in Thailand, according to The Nation Thailand.
GULF invests THB2.7 billion in renewable energy and sustainable investments fund
Gulf Energy Development Public Company Limited (GULF) announced that Gulf International Investment (Hong Kong) Limited (Gulf HK), its wholly-owned subsidiary, entered into a subscription agreement to commit to invest EUR 75 million, which is equivalent to approximately THB 2.7 billion, in Lightrock Climate Impact Fund SCSp (LCI Fund).
THAI GAS OUTPUT TO REMAIN ON A DOWNWARD TREND: FITCH SOLUTIONS
Thailand’s natural gas production is forecast to remain on a downtrend over the next decade owing to continuous output declines at the Erawan gas field, in the Gulf of Thailand, Fitch Solutions said in a report on August 8. This will leave little choice but for the country to become more dependent on costlier imports.
New partnership inked to develop decentralised power plants in Thailand
A new partnership has been announced between INNIO and B.Grimm Power to explore the development of decentralised power plant solutions in Thailand.
Qatargas sends first LNG cargo to Thailand terminal
The LNG producing unit of QatarEnergy, Qatargas, has supplied the first LNG cargo to Thailand’s Map Ta Phut LMPT2 LNG terminal.
