Vietnam eyes power plants sales to fund new projects, ease debt – media
HANOI, June 2 (Reuters) – Vietnam plans to sell some operational state-owned power plants to foreign investors to raise funds for urgently needed new projects and ease pressure on public debt, local media reported on Tuesday. State-owned Electricity of Vietnam (EVN) and the government’s Commission for the Management of State Capital at Enterprises are drafting the […]
Egat puts together delay plan for SPPs
State-run Electricity Generating Authority of Thailand (Egat) plans to discuss the possibility of delaying the commercial operation dates (COD) of small power producer (SPP) plants. The SPPs currently under development by private firms in Thailand have a total capacity of 8,765 megawatts and the firms have already signed power purchase agreements with the state grid.
Siemens to supply equipment for large-scale gas field development offshore Malaysia
BERLIN – Siemens Gas and Power was awarded a contract to supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors for the PETRONAS Kasawari Gas Field Development Project in the South China Sea, offshore Sarawak in Malaysia. The customer, Malaysia Marine and Heavy Engineering (MMHE) has […]
S’pore Startup Beam Raises US$26M Funding To Build The Largest E-Scooter Fleet In APAC
Singapore micromobility startup Beam has raised US$26 million (about S$36.6 million) in its latest Series A funding round. The fundraise was led by Sequoia India — which was also Beam’s lead investor at seed stage in 2018 — and Hana Ventures.
Laos’ debt woes worsen as bills for China-funded dams loom
BANGKOK — COVID-19 has rattled Laos’ debut in selling a U.S. dollar bond in international markets, adding pressure on a country whose “Wild West of dam building” splurge has put it in a precarious repayment situation, especially in regard to China, its leading lender.
Striving for a greener future
While Germany transitions to a low-carbon, nuclear-free future, it is working to encourage other countries, including Thailand, to jump on the environmental bandwagon. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is training energy officers nationwide under a partial coronavirus lockdown to fight climate change. It is working in 120 countries to promote international cooperation in […]
Vietnamese Conglomerate Vingroup Tests LG Chem Battery-Powered Electric Car For U.S. Rollout
An automotive manufacturer under Vingroup is testing an electric car in the Vietnamese capital Hanoi to prepare for a rollout next year in the U.S. market. It’s the latest expansion by the sprawling Vietnamese conglomerate, which already operates in real estate, malls and resorts.
Drought, scorching summer demand turn the heat on power industry
Prolonged drought and increased summer demand are exerting great pressure on the electricity industry as water levels in several major dams drop significantly. Doan Tien Cuong, director of Ialy Hydropower Company, told local media that water level at the 720 MW Ialy Hydropower Plant in the Central Highlands province of Gia Lai, the third largest […]
