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Thailand is charting a new course in its energy landscape through its Power Development Plan (PDP) 2024, aimed at increasing its use of renewable energy. This plan marks a significant shift toward carbon neutrality and energy sustainability, reflecting global trends and aligning with international commitments to combat climate change.
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Leading Middle Eastern banks and financial institutions have invested $500 million to finance Malaysia’s Pengerang Energy Complex, a facility that promises to set new standards in low-carbon production. The Islamic Development Bank, along with its subsidiaries—the Islamic Corporation for the Development of the Private Sector and the Islamic Corporation for the Insurance of Investment and Export Credit—are key contributors to this funding.
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Jakarta (ANTARA) – Indonesia has a chance to become a leader in the solar photovoltaic (PV) industry, especially in Southeast Asia, given its large solar energy potential.
At the Indonesia Solar Summit in Jakarta on August 21, 2024, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan emphasized the importance of expanding the development of the green energy industry, including solar energy, to maintain Indonesia’s status as an energy exporter and build a sustainable energy industry.
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The imported LNG will be distributed to small power producers (SPP), with the initial supply going to 10 of B.Grimm’s combined cycle co-generation power plants.
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THE Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) expects that electric vehicles (EVs) will not reach 10% of total vehicle sales in the Philippines this year despite increasing demand, its president said.
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Aug 26 (Reuters) – Malaysian state-owned energy giant Petroliam Nasional (IPO-PETO.KL) said on Monday its unit had initiated proceedings against South Sudan for allegedly blocking a $1.25 billion sale of its local assets and instead taking over the business.
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JAKARTA, Aug 26 (Reuters) – Indonesia president-elect Prabowo Subianto hopes to implement mandatory 50% palm oil-based biodiesel blending by early next year, which he said would cut fuel imports by $20 billion per year.
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PUTRAJAYA (Aug 26): Malaysia requires approximately 62,000 competent individuals to drive generation of renewable energy (RE) up to 70% or 56 gigawatts in the energy sector by 2050.
Deputy Prime Minister and Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof said this estimate was based on projected advancements in energy transition technology.
ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.
