Transferring solar projects to foreign investors ‘normal’: MoIT
HÀ NỘI — The Ministry of Industry and Trade (MoIT) has said that transferring all or part of a solar power project was normal according to market rules and the Investment Law. The MoIT was responding after concerns were raised that many solar power projects initially assigned to Vietnamese investors were being transferred to foreign investors.
Ailing state-owned projects stuck in impasse with Chinese contractors
Vietnamese companies have hit roadblocks in settling disputes with Chinese contractors in five fertilizer, shipbuilding and steel producing projects. The state-owned companies that developed these projects have not been able to come to an agreement with Chinese contractors in determining a new investment value for them after changes in technical design and the number of […]
Extended payment schemes shackle power generators
MANILA, Philippines — The Philippine Independent Power Producers Association Inc. (PIPPA) warned of closure or non-investment in the generating sector if payment schemes are further extended beyond the enhanced community quarantine. PIPPA said its members have complied with the extension of payment to their clients as ordered by power regulators.
A rushed reach for the sun in Myanmar
SAGAING and YANGON – Myanmar is rushing ahead with a major solar power initiative amid the Covid-19 pandemic, giving potential investors just a month to submit bids and raising questions about the tender’s intent and viability. The Ministry of Electricity and Energy published a notice on its official Facebook page dated May 18 inviting companies to submit […]
PH eyes stockpiling of crude oil amid cheap global prices
MANILA – The Philippines may take advantage of the low crude oil prices in the world market to prepare for the future once fuel prices increase due to the resumption of economic activities, Energy Secretary Alfonso Cusi said. Cusi briefed members of the Joint Congressional Energy Commission on Friday on the initiatives to address the impact of the […]
Japan govt gives boost to MPIC biogas project
The biogas project of Metro Pacific Investments Corp. (MPIC) with Dole Philippines Inc. has received a subsidy from the Japanese government, the first in the country to secure such assistance from its Asian counterpart. In a disclosure, the Pangilinan-led company said the biogas project of MPIC’s wholly owned subsidiary METPower Ventrue Partners Holdings Inc. (METPower) […]
PLN and SMI planning cooperation on geothermal project in Indonesia
State-owned utility PT PLN and PT SMI have announced having signed an MOU to work together to develop new renewable energy (EBT) projects, including geothermal clean energy. The signing by PT PLN (Persero) President Director Zulkifli Zaini and PT Sarana Multi Infrastructure (Persero) Managing Director Edwin Syahruzad took place in Jakarta on May 14, 2020.
Complexity and lack of clarity impeding Vietnam’s offshore wind potential
The Danish Energy Agency and the Vietnamese Electricity and Renewable Energy Authority, who are preparing a ‘roadmap report’ for offshore wind development in Vietnam, say the country has potential for 160 GW of offshore wind. But the market in Vietnam is known for its technical and legal complexity, and lawyers at Baker McKenzie argue that the […]
