World Bank Approves $460 Million Funding for Power Generation, Health Services in Myanmar
YANGON—The World Bank (WB) has announced it will provide a total of US$460 million (645 billion kyats) in credit to Myanmar to upgrade electricity power generation projects and increase access to quality essential health services, with a focus on maternal, newborn and child health. The WB said on Saturday its board approved $350 million in credit […]
Singapore’s first LNG bunkering vessel launched
FueLNG, a joint venture between Keppel Offshore & Marine (Keppel O&M) and Shell Eastern Petroleum (Pte) has announced the launch of Singapore’s first LNG bunkering vessel in Keppel Nantong Shipyard in China. According to FueLNG, construction of the 7,500m3 LNG bunkering vessel is progressing smoothly and is on schedule to be complete in the fourth quarter […]
All Singapore pump prices down after SPC’s two-week standoff
[SINGAPORE] All pump operators have adjusted their prices downwards since Esso and Shell reduced rates by around three Singapore cents last Friday. Caltex and Sinopec responded to that reduction last Saturday. Their 92 and 95-octane petrols are now S$1.95 and S$1.99 per litre before discount respectively, according to Fuel Kaki, a pump price tracker managed by […]
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.
Myanmar: Power System Efficiency Project Brings Country Closer to Universal Electricity Access
The World Bank’s Board of Executive Directors today approved a $350 million credit from the International Development Association (IDA) to increase the output and efficiency of power generation and improve the resilience of Myanmar’s electricity system to climate change and disasters. The Board also approved $110 million in additional financing for the Essential Health Services […]
DOE sets GCQ protocols for energy companies
As Metro Manila transitions to general community quarantine (GCQ) tomorrow, the Department of Energy (DOE) has issued protocols that its attached agencies and industry players would adhere to in the envisioned “new normal” in the energy sector. Through an Administrative Order (AO) issued by the department, it prescribed several parameters on how energy companies could gradually […]
Energy ministry tells bidders no extension for solar tender
Myanmar’s Ministry of Electricity and Energy has rejected requests from prospective bidders for a major solar farm tender to extend its one-month deadline, which they say is impossible to meet because of the COVID-19 crisis and tough conditions attached.
Residential electricity usage soar 23pc during MCO, says Energy Ministry
KUALA LUMPUR, May 30 — Electricity usage by residential users in Peninsular Malaysia soared 23 per cent during the movement control order (MCO) period compared to a decrease of 33 per cent in the overall use, according to the Energy and Natural Resources Minister Datuk Shamsul Anuar Nasarah. The decrease in overall electricity usage in peninsular […]
