Vietnam Electricity reports losses of $635 mln

Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor. EVN said fluctuations in the world prices of coal, oil and gas since the beginning of this year have caused its production costs and purchase prices of electricity it bought from other power […]

ACWA Power, PTT Public Company Limited and Electricity Generating Authority of Thailand set to support Thailand’s decarbonisation aspiration

Riyadh, Saudi Arabia/ Bangkok, Thailand: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide; PTT Public Company Limited (PTT), Thailand’s national integrated  energy company; and Electricity Generating Authority of Thailand (EGAT), an electric power related state-owned enterprise which aims to secure the power reliability under the […]

Philippine leader hopes court will reconsider Manila power deal

MANILA, Nov 27 (Reuters) – Philippine President Ferdinand Marcos Jr. hopes the country’s Court of Appeals will reconsider a decision that raises the possibility of electricity rate hikes in the capital, the Office of the Press Secretary said in a statement on Sunday.