DoE to firms: Invest in the Philippines
THE government is persuading companies to invest in the Philippines, with a Cabinet official emphasizing the country’s “favorable” investment climate and the economy’s good condition. “I invite all the investors who are here today to take a closer look at the Philippines, your gateway to the Asia-Pacific region,” Energy Secretary Alfonso Cusi said during the 5th […]
Vietnam cuts ethanol import tariffs from 10 July
Vietnam will lower tariffs on ethanol imports to 15pc for all grades from 10 July, though fuel ethanol trade seems unlikely to increase. The change cuts tariffs from 17pc for 100pc pure ethanol and 20pc for 99pc or below for any country that does not have a free trade agreement with Vietnam.
Energy spending sped up
Energy policymakers are accelerating budget spending worth 230 billion baht through development projects, hoping to inject huge investment into the staggering economy during the rest of the year. Deputy Prime Minister Somkid Jatusripitak, who met Energy Ministry officials on Thursday, said Thailand needs investment to stimulate the economy in the post-pandemic era, starting in the second […]
Cambodia’s electricity demand down 20 pct this year
Hanoi (VNA) – The Electricity Authority of Cambodia (EAC) has said Cambodia will not face the shortage of electricity during this dry season due to falling demand caused by COVID-19. The Phnom Penh Post quoted CEO of the EAC Teng Sokomal as saying that there is no significant increase in electricity demand this year as the pandemic had caused […]
Energy ministry’s budget cut by a third to Rp 6.2 trillion
The Energy and Mineral Resources Ministry is cutting back on program funding after its annual budget was slashed by more than a third to Rp 6.2 trillion from Rp 9.7 trillion as the government diverts funds for COVID-19 containment. The largest cut is slated for oil and gas programs at 52 percent, lower than initially planned. This […]
Indonesia state power company PLN cuts capex by nearly half this year
JAKARTA: Indonesia’s state electricity company Perusahaan Listrik Negara (PLN) has slashed its capital expenditure by 46.4 per cent in 2020, its chief executive told parliament on Thursday. PLN’s capital expenditure fell to 53.59 trillion rupiah ($3.80 billion) from an initially budgeted 100 trillion rupiah, Zulkifli Zaini said, adding that some non-priority projects will be postponed.
Myanmar enters LNG importing arena
Myanmar has become the newest country to start importing liquefied natural gas (LNG), as the fuel is adopted as the fastest solution to recent power shortage and increased power demand. The Asian nation received its first LNG cargo on June 6. The small-scale, 0.6 billion cubic feet (Bcf) LNG vessel arrived at the industrial port of Thilawa, southwestern Myanmar. […]
Wind energy in Vietnam, Vestas’ wind turbines for 48 MW wind farm
Vestas has secured a 48 MW order with Vietnamese developer, Phong Lieu Wind Power JSC for a wind project located in the Quang Tri Province of Vietnam. This win marks Vestas’ eighth wind project in the province, bringing its footprint in this area to over 300 MW and to a total of almost 700 MW […]
