Singapore’s Sembcorp pays $131 mln for acquiring renewable energy projects in Vietnam
Singaporean giant Sembcorp Industries spent SGD174 million ($131.1 million) on the acquisitions of majority interests in three out of four renewable energy subsidiaries of Vietnamese conglomerate Gelex.
Indonesia launches China-built anode plant for EV batteries
Indonesia’s President Joko Widodo on Wednesday inaugurated a plant built by China’s BTR New Material Group and Singapore’s Stellar Investment that will produce anode materials for EV batteries.
Garment, footwear companies promote green production
As a major textile and garment enterprise in Vietnam, Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCG) has recognized the requirements of major importing countries for green production.
Sinopec, PetroChina lead the way in investment surge in Indonesia’s oil and gas sector
Chinese companies have been increasingly investing in oil and gas through working visits to Indonesia by a number of Chinese companies since last May.
Malaysia to reduce fuel subsidies as inflation weakens
Malaysia is phasing out gas and diesel subsidies as inflation eases, working to reduce expenditures that ballooned during the coronavirus pandemic and rebuild government finances.
EMA can impose power rationing during an emergency under proposed law
The Energy Market Authority (EMA) will be able to direct generation companies and consumers to ration power in an emergency to maintain the stability of the power system, under proposed laws introduced in Parliament on Aug 6.
Indonesia eyes geothermal expansion to hit NZE goal by 2060
Indonesia’s Geological Agency is committed to the continued exploration of geothermal potential to help achieve the country’s target of net zero emissions (NZE) by 2060.
Singapore’s Sembcorp plans to invest $528 mln in green energy drive
embcorp Industries (SCIL.SI), opens new tab said on Tuesday that it would invest S$700 million ($528.5 million) in its green energy initiatives as the Temasek-backed company navigates through energy transition and growth in its renewables portfolio.
