4 energy projects given EPNS certifications
Four new energy projects had been accorded “certificates of energy project of national significance” (CEPNS) by the Department of Energy (DOE) entailing that they are entitled to streamlined project permitting and approval processes. These CEPNS energy ventures include the Galoc field area and development which is an investment in the upstream oil and gas sector; […]
DOE hosts first forum on the Cleaner Energy Future Initiative for ASEAN
MAKATI CITY, Nov. 28 – The Department of Energy (DOE), in partnership with the Ministry of Economy, Trade and Industry (METI) of Japan, and the Mitsubishi Research Institute, Inc., hosted the inaugural Government-Private Forum on Cleaner Energy Future Initiative for ASEAN (CEFIA) yesterday , 27 November, at the Makati Diamond Residences. The CEFIA seeks to […]
AC Energy raises $400 million from green bond issue
MANILA, Philippines — AC Energy Inc., the Ayala group’s power business, has launched its first ever US dollar denominated perpetual, fixed-rate green bonds amounting to $400 million. Proceeds from the issue will be used to fund the company’s renewable energy expansion in the Asia Pacific region. In a disclosure to the Philippine Stock Exchange yesterday, […]
A global first: AC Energy launches $400-million green bonds for RE projects
AC Energy Inc. has successfully launched $400-million, fixed-for-life green bonds to finance the expansion of planned renewable-energy (RE) projects. The power arm of conglomerate Ayala Corp. said Wednesday that it has successfully set the terms of its inaugural US dollar-denominated, senior perpetual fixed-for-life green bond issuance at an aggregate principal amount of $400 million, with a […]
TNB sees profit soar, drives transformation agenda
KUALA LUMPUR: Tenaga Nasional Bhd’s net profit surged more than two-fold to RM1.2 billion for the third quarter ended September from RM501 million in the same period last year. President and chief executive officer Datuk Seri Amir Hamzah Azizan said the growth was mainly attributable to higher sales of electricity, improved performance in TNB’s share […]
Overreliance On Hydropower Is Causing A Crisis In Southeast Asia
The swirling currents of the once mighty Mekong shrunk by drought and increasingly crippled by dams point towards an unprecedented crisis of water governance along the more than 4,900 kilometers of southeast Asia’s longest river. “This is the worst ecological disaster in history of the Mekong,” declared Chainarong Setthachua, natural resources expert at Thailand’s Maha Sarakham […]
Tie-ups with Korean auto sector sought
SEOUL: The soon-to-be launched National Automotive Policy (NAP) 2019 will open up opportunities for local players to further explore cooperation with the South Korean automotive sector. Prime Minister Tun Dr Mahathir Mohamad said he was impressed with the advancements made by the South Korean automotive sector and would like it to consider investing more in […]
Over 50% of businesses ignoring orders on wastewater release into central Thailand canal
The Pollution Control Department says over 50% of businesses are ignoring orders regarding the discharge of wastewater into Klong Saen Saeb. The canal connects Bangkok’s Chao Phraya river with the central Thailand provinces of Prachinburi and Chachoengsao. The Nation reports that between 2016 and 2019, over 289 establishments out of 600 have stuck to the […]
