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 […]
Malaysia’s Petronas says ‘optimising production volume’ on low LNG prices
[SINGAPORE] Malaysia’s Petronas said on Monday it was “optimising its production volume” to adapt to low liquefied natural gas (LNG) prices and reduced demand due to the coronavirus outbreak. The company was responding to a Reuters query from last week on cuts in gas production and reduced LNG export volumes.
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 […]
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 […]
