Citibank, ING to arrange funds for LNG-fired power units in Vietnam
HANOI (Reuters) – PetroVietnam Power Corp has signed a deal to allow a consortium of Citibank and ING Bank [INGBK.UL] to arrange funds for its project to expand a gas-fired power complex in southern Vietnam with two new units, the company said. The funds will be used for the construction of the 1,500-megawatt (MW) total […]
‘Trashing’ it out: Waste management across Asia
The world is generating more waste than ever. Rubbish created in Asia-Pacific is projected to increase from about 802 million tonnes in 2016 to 1.1 trillion tonnes in 2030. In Southeast Asia alone, waste volume has been increasing rapidly since 2000, reaching about 150 million tonnes in 2016. By 2030, the amount is estimated to […]
UEM Edgenta accumulates RM55m in electricity savings across EPC-adopted assets
KUALA LUMPUR: UEM Edgenta Bhd’s Energy Performance Contracting (EPC) initiative has accumulated over RM55 million in electricity savings across its adoption at public and private assets from 2017 to 2019. The company said it will continue to explore potential opportunities related to reduction of greenhouse gas emission and assist the government in lowering its electricity […]
Malaysia delays largest palm meet to June over coronavirus outbreak
[KUALA LUMPUR] Malaysia’s biggest palm oil conference has been postponed to June because of health and safety concerns about the rising number of cases of a fast-spreading coronavirus, organisers Bursa Malaysia Derivatives said. The Palm and Lauric Oils Price Outlook Conference and Exhibition, or POC2020, will be rescheduled to June 22 to 24, from its […]
The Philippines: A Good Time to Expand the Infrastructure Push
Structural economic reforms, along with sound macroeconomic policies, helped the Philippine economy to grow, on average, by 6.3 percent annually over the last decade. But sustaining and sharing the benefits of this growth among its citizens will require policymakers to focus their attention on issues such as costly geographical barriers to trade, high levels of […]
Malaysia’s LSS2 solar auction project reaches commercial operation
BayWa r.e. with the assistance of local partner HD Earth has delivered a 39 MW plant in Gebeng, Pahang, which will generate enough electricity to power 12,000 homes. BayWa r.e. and HD Earth won the project in the second solar tender held by Suruhanjaya Tenaga, Malaysia’s Energy Commission in 2017. This is the first solar […]
Ayala gets OK to increase stake in wind farm
The government’s competition watchdog gave the Ayala group the green light to acquire a stake in Philippine Wind Holdings Corp. (PhilWind), allowing AC Energy Philippines (ACEPH) to take majority control of wind farm operator North Luzon Renewables Energy Corp. ACEPH said it received last Tuesday a notice from the Philippine Competition Commission (PCC), which said […]
Countries urge Laos to conduct dam impact studies
Luang Prabang town, Luang Prabang province – Cambodia, Thailand and Vietnam yesterday reiterated concerns over Laos’ proposed Luang Prabang hydropower dam project and urged the country to conduct more studies on potential environmental and social impacts. The proposed project would be built in Houygno village in the province, approximately 25 kilometres from Luang Prabang town and […]
