The need for renewable energy cooperation
In October, the United Nations (UN) released a report which highlighted that the world could be on the brink of a climate change disaster if immediate measures are not taken. Leading scientists behind the report have said that the world only has 12 years to keep global warming at a maximum of 1.5 degrees Celsius […]
TNB shares slip despite renewable energy deal in India
PETALING JAYA: (TNB) shares slipped 0.1% to RM13.54 despite entering into a partnership to grow its renewable energy (RE) portfolio. Tenaga Nasional (TNB) had entered into an agreement to subscribe to a compulsorily convertible debenture (CCD) issued by India’s GMR Bajoli Holi Hydropower Pte Ltd (GBHH) for 2.26 billion Indian rupees (RM133.2mil). The proposed investment […]
EDC inks deal to supply clean energy
THE Energy Development Corp. (EDC) has signed a two-year agreement to supply Citizen Machinery Philippines, Inc. with geothermal energy for the latter’s facilities in Tanauan City, Batangas province. Under the deal, which shall commence on December 26, EDC shall provide Citizen Machinery Philippines with 2.5 megawatts (MW) of electricity from the company’s BacMan geothermal project. […]
Energy World revives talks with lenders for Pagbilao project funding
THE local unit of Australia-listed Energy World Corp. Ltd. (EWC) has revived talks with lenders to finance the completion of its 650 megawatt (MW) combined cycle gas-fired power plant after it has received certification from the government that the project is one of national significance. “We are in the process of finalizing the project funding […]
Malaysia’s Petronas to ramp up LNG bunkering by mid-2019
Singapore — State-owned Petronas aims to start commercial LNG bunkering operations at several facilities across Malaysia by mid-2019, in a move that reaffirms the company’s efforts to compete in a key growing segment and support Malaysia’s strategic intent of becoming a regional LNG bunkering hub. Following the company’s first LNG bunkering operation at the Pengerang […]
Vietnam Electricity to speed up projects in 2019 amidst rising demand
It wants to accelerate the construction of transformer stations and start operations of a line in South Saigon. Vietnam Electricity (EVN) will accelerate its projects in 2019 to meet rising demand and ensure sufficient supply for the year, Vietnam Energy reports. The projects include 220kV transformer stations in Luu Xa, Quynh Luu and Quang Chau […]
Solar Philippines House Bill passes final reading in Congress
House Bill 8179 granting private firm Solar Philippines a 25-year PV mini-grid and transmission franchise across the Philippines passed through its third and final reading on Monday. This procedural step allows the company’s unit Solar Para Sa Bayan (SPSB) to set up these mini-grids undeterred by the incumbent franchises of rural electric cooperatives. The chamber approved […]
Competition watchdog clears Kepco’s buy into Solar Philippines unit
December 11 (Renewables Now) – The Philippines Competition Commission (PCC) has given the green light to Kepco Philippines Holdings’ acquisition of a 38% stake in Solar Philippines Calatagan Corp (SPCC), a unit of Solar Philippines. The acquisition will mark the entry of Kepco Philippines, which is a unit of Korea Electric Power Corp (KRX:015760), into […]
