Miners welcome Indonesia’s new jobs bill that could spur coal growth
JAKARTA (Reuters) – Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection. FILE PHOTO: A truck passes through a tin mining area of Indonesia’s PT Timah in Pemali, Bangka […]
Philippines wants auctions for 2 GW of renewables
The government is planning to introduce a procurement regime this year which the Institute for Energy Economics and Financial Analysis says could drive the price of clean electricity as low as PHP3/kWh. It is thought projects which missed the feed-in tariff scheme deadline will be eligible to compete in the auctions. The Philippines government plans to introduce […]
Oil prices slip as coronavirus concerns linger
SINGAPORE: Oil prices slipped on Tuesday on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand, tracking losses in financial markets. Brent crude was at $57.30 a barrel, down 37 cents, or 0.6 per cent, by 0126 GMT, while US West Texas Intermediate crude fell 15 cents, or 0.3 per cent, […]
Once Criticized by Musk, Singapore Is Finally Welcoming Electric Cars
Singapore, once criticized by Elon Musk for not supporting electric vehicles, now plans to phase out fossil fuel-powered vehicles in the city-state by 2040. The government is planning to offer incentives to encourage the adoption of cleaner vehicles such as hybrids and electric cars, including rebates of up to S$20,000, and will invest to increase the number of […]
Thailand’s PTT to set up AIoT smart grid
Singapore-based Envision Digital International has been tapped to develop the first smart grid for Thailand’s major energy company, PTT Public Company (PTT), which contributes to approximately 16% of the country’s GDP. The contract involves developing an AIoT smart grid at Vidyasirimedhi Institute of Science and Technology (VISTEC), powered by Envision Digital’s AIoT operating system EnOS. By integrating floating solar panels, rooftop solar panels, energy storage system, […]
Indonesia’s Pertamina signs crude swap deal with Malaysia’s Petronas
JAKARTA: Indonesia‘s state owned oil and gas company PT Pertamina signed a framework agreement with Malaysia’s Petronas to sell and buy crude this year, Pertamina said in a statement on Tuesday The agreement is a follow up to their plan last year to swap crude, Pertamina said. Pertamina will swap crude produced in its Malaysian fields of Kikeh, Kimanis and Kidurong with crude from Petronas’ Indonesian […]
Stable earning for TNB, but Covid-19 reduces power demand
EARNINGS of Tenaga Nasional Bhd (TNB) for the financial year 2019 (FY19) and FY20 is expected to be stable on the back of steady growth in power demand and incentive-based regulation (IBR)/imbalance cost pass-through (ICPT) mechanisms protecting the sector from the fluctuations in fuel prices. Hong Leong Investment Bank Bhd analyst Daniel Wong expects the […]
Five new solar farms to be connected to the national grid
Solar farms across five provinces are being launched this year, according to the Ministry of Mine and Energy. In its annual report, the ministry stated five solar parks are having their construction works accelerated so they can be connected to the national grid as soon as possibe. Together, the solar projects will boost the nation’s […]
