Pressure grows on Myanmar to delay solar tender
The Ministry of Electricity and Energy is facing pressure from key private sector bodies and embassies over its plans to rush through a 1 GW solar tender in the middle of the pandemic. On May 25, the American, British, and European chambers of commerce submitted a letter to the ministry highlighting their concerns and asking […]
Indonesia to get $300 million ADB loan for geothermal electricity generation
The Asian Development Bank (ADB) has approved a US$300 million loan for state-owned geothermal energy company PT Geo Dipa Energi (GDE) to expand its geothermal power generation capacity. GDE will receive an additional $35 million loan from the Clean Technology Fund for the project managed also by the ADB, the bank announced on Thursday.
BlackRock Warns Korea’s Power Giant on Overseas Coal Plant Push
(Bloomberg) — BlackRock Inc. has challenged Korea Electric Power Corp. over plans to invest in new coal-fired power plants in Vietnam and Indonesia. The world’s top asset manager raised concerns over “several controversial coal projects” with a South Korean utility, including in meetings in the first quarter, it said in a report last month. BlackRock “contacted […]
Vestas scores 144MW hat-trick in Vietnam
Vestas has secured a turbine deal totalling 144MW for three wind farms in Vietnam. The order, which was placed placed by local developer Power Construction Company No1 (PCC1) in partnership with Japanese renewables outfit Renova, is for the Lien Lap, Phong Huy and Phong Nguyen projects located in Quang Trị province.
Cypark Resources buying Perak biogas plant for RM6m
KUALA LUMPUR (May 28): Cypark Resources Bhd said it is buying a 51% equity stake in biogas plant operator BAC Biogas (Kg Gajah) Sdn Bhd for a total consideration of RM6 million. In an exchange filing today, Cypark said its wholly-owned subsidiary Reviva Sdn Bhd had entered into an agreement to purchase 1.53 million ordinary shares in […]
TNB: Prorate method ensures users will not be overcharged
KUALA LUMPUR, May 28 — Tenaga Nasional Bhd (TNB) has clarified that the prorated method used in adjusting electricity bills during the implementation of the movement control order (MCO) will not cause consumers to be overcharged. Chief Retail Officer Megat Jalaluddin Megat Hassan said the prorate method used by TNB was reviewed and approved by the […]
Adoption of nuclear power need not be BNPP; Russia’s small reactor tech possible option –Energy chief
The Philippines’ possible foray into nuclear power generation does not have to be the revival of the mothballed Bataan Nuclear Power Plant (BNPP), as the government looks into other viable options in tapping nuclear energy, Energy Secretary Alfonso Cusi said Wednesday. “To make the Philippines’ energy more secured and competitive, we want to include nuclear [power] […]
Mitsui aims to dispose of its stake in Paiton Energy of Indonesia
Japanese trading house Mitsui is looking for buyers for its stake in Paiton Energy of Indonesia, according to published reports, in what could be a US$1 billion deal. Mitsui owns 45.5% of Paiton Energy, which was established in 1994, and owns and operates three coal-fired power plants at the Paiton Power Complex in East Java.
