Govt signs PPA for first LNG plant in Myanmar
Myanmar has signed a power purchase agreement (PPA) to buy electricity from a liquefied natural gas (LNG) plant. The project company of CNTIC VPower Group inked a five-year PPA with the Ministry of Electricity and Energy’s Electric Power Generation Enterprise (EPGE) on June 10.
Hong Kong top FDI source for Myanmar this fiscal year
Hong Kong has emerged as the top source of approved foreign direct investments (FDI) into Myanmar in the first seven months of fiscal 2019-20, accounting for around 32 percent of the overall commitments. From October 2019 to April 2020, the total number of FDI commitments from 39 entities registered in Hong Kong amounted to US$1.3 billion, […]
EU bankrolls green energy initiatives
The EU will provide $5.97 million to fund two new projects to boost a green economic recovery in Cambodia. The goal is to promote sustainable consumption and production of energy sources and put local small and medium-size enterprises (SMEs) on track to a green recovery, Global Green Growth Institute (GGGI) said in a press release on […]
Vietnam can lead in wind energy
HANOI: Vietnam’s long coastline and strong winds make it a potential future global leader in offshore wind-energy generation. This comes after a recent analysis by the Danish Energy Agency (DEA) found that offshore wind, if fully harnessed, could generate up to 160GW of power.
ExxonMobil has investment plans for Vietnam
U.S. oil company ExxonMobil wants to build an LNG-based power plant each in Hai Phong City and Long An Province. Irtiza Sayyed, President of ExxonMobil LNG Market Development Inc, said in a phone call to Prime Minister Nguyen Xuan Phuc on Thursday that his company wants to explore investment opportunities in Vietnam’s energy sector.
Thai energy group PTT cuts 2020 investment by up to $1.2 billion
BANGKOK, June 12 (Reuters) – State-owned Thai oil and gas company PTT Pcl said on Friday it would cut its investment budget across the group by 10-15% this year and some projects will be delayed as partners face challenges from the coronavirus.
Sarawak to pursue sales tax suit against Petronas despite May deal
KUALA LUMPUR • Malaysia’s energy-rich Sarawak state will pursue legal proceedings against national oil company Petronas over the non-payment of sales tax, backtracking on a settlement agreement reached last month, national news agency Bernama reported. Petronas and Sarawak had reached the settlement deal, with the energy company agreeing to pay RM2 billion (S$653 million) in back […]
Energy efficiency: Southeast Asia’s decarbonisation quick fix?
Southeast Asia’s energy consumption almost doubled between 1995 and 2015, and is expected to double again by 2040, growing at 4 per cent a year—almost twice as fast as the rest of the world.
