Rapid delivery of renewable energy to curb high power rates
MANILA – A more rapid deployment of renewable energy is among the game-changing reforms the energy sector needs to alleviate the burden of high power rates on consumers, Senator Risa Hontiveros said on Tuesday.
KB Bukopin to Issue $20m Green Credit to EV Firm INVI
Jakarta. Bank KB Bukopin announced it would issue green credits worth $20 million to Indika Energy’s subsidiary Energi Makmur Buana (INVI).
Philippines strives to regain position as 2nd largest geothermal power producer
During the 4th Philippine International Geothermal Conference held in Manila, Philippines, the Department of Energy (DOE) Undersecretary Rowena Cristin Guevara stated that the agency hopes for the country to regain its spot and the country with the 2nd largest installed geothermal power generation capacity.
Southeast Asian Countries Consider Sharing Energy, Power
Southeast Asian nations are increasingly looking to share power as a result of concerns about climate change. Malaysia and Indonesia signed a deal in Bali, Indonesia in August to study 18 possible areas where cross-border power lines can be set up.
Boost to UK-Indonesia low-carbon cooperation as Minister visits Jakarta
Minister for the Indo-Pacific, Anne-Marie Trevelyan, is visiting Indonesia to launch the second phase of UK support to the Low Carbon Development Initiative.
Thailand’s fuel consumption rises despite diesel usage drop, reveals report
The Department of Energy Business in Thailand has revealed a 2.3% rise in the country’s fuel consumption to 155 million litres per day (MLD) in the first eight months of the year. This comes despite a decrease in diesel usage by 3.9% to 70 MLD, attributed to escalating prices.
Eni announces significant gas discovery in Indonesia’s Kutei Basin
Italian oil and gas company Eni has announced a significant gas discovery at its Geng North-1 exploration well in Indonesia. The well sits approximately 85km off the coast of Indonesia’s East Kalimantan province. Preliminary estimates suggest a total discovered volume of five trillion cubic feet (tcf) of gas. Analysis of the gathered data will allow the […]
Singapore Exchange launches its first ammonia futures contracts
SINGAPORE: The Singapore Exchange launched on Monday its first ammonia swap and futures contracts aimed at meeting hedging needs from the power sector as interest in the energy- transition fuel grows.
