In post-Covid Asia, countries should develop their own renewable energy capabilities
With clean energy projects experiencing delays due to the coronavirus, developing economies in the region should scale up local manufacturing and employment, said the Asian Development Bank’s energy sector chief. With developing Asia set to build fewer solar plants and wind turbines this year amid the Covid-19 crisis, the region should turn to domestic suppliers for renewable […]
Investment in smelter construction off-target: Energy Ministry
Jakarta (ANTARA) – Indonesia expects to miss the investment target of US$3.7 billion for smelter construction in 2020 due to the COVID-19 pandemic, and hopes to reach the target only in 2021. “The impact on production (in the mining sector) is yet (to) be seen, but there will be a slowdown in reaching the target in […]
Electricity deficit can place EU-Vietnam trade agreement at risk
Vietnam signed a free trade deal with the European Union (EU) on June 8, 2020, which is expected to help increase the country’s gross domestic product by 4.6 per cent and its exports to the EU by 42.7 per cent by 2025. Vietnam will conservatively require 15-20 terra-watt hour (TWh) — or 4-6 per cent of […]
COVID-19 Could Cause A Boom In Coal Power
The global energy industry downturn at the hands of Covid-19 has not only hurt immediate revenues, but is also affecting national infrastructure and energy policy planning. A Rystad Energy analysis shows that gas resources around the world will see development delays, with the construction of planned regasification facilities also at risk. Coal may benefit as […]
New Egat contract cuts gas purchases from PTT
State-run Electricity Generating Authority of Thailand (Egat) is fuelling its growth in liquefied natural gas (LNG) shipping by reducing its gas purchases from national energy conglomerate PTT in a new 10-year contract. The move came after the Egat board approved the import of an additional 4 million tonnes of LNG from 2020 to 2022, paving the […]
Asia Refiners Face Battle With Fuel Glut Dwarfing Demand Rebound
(Bloomberg) — Asian refiners may have hit a brick wall in their recovery from the virus-driven slump with the rebound in fuel demand not big enough to clear a massive glut built up over the last few months. Processors are unlikely to increase operating rates much further until the surplus is cleared and margins improve, with […]
Vivant Energy awards 2 new contracts to Malaysian solar firm
Vivant Energy Corporation announced yesterday that had awarded two new contracts to a Malaysian solar energy system specialist. Vivant Energy chose Solarvest to undertake the engineering, procurement, construction and commissioning works of the development of solar PV systems at 10 designated buildings, with cumulative capacity of 816.2-kilowatt peak (kWp), at the University San Agustin in […]
Southeast Asia energy buyers grab chance to lock in green deals
TOKYO — Investment in renewable energy in Southeast Asia is holding up despite the economic pressure of the coronavirus pandemic, with many business buyers seizing chances to lock in low-cost power supplies for the long term, according to companies in the sector.
