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Malaysia-based Toyo Ink Berhad and its wholly-owned Vietnam subsidiary, Song Hau 2 Power Company Ltd., have secured a $980 million loan from Eximbank Malaysia to develop a $3 billion coal-fired power plant in southern Vietnam.
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KUALA LUMPUR – Malaysia’s drive to attract data centre investments worth billions of dollars could strain its water and electricity supplies in the coming years, say experts, particularly in industrialised states like Selangor and Johor.
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On 06 June 2024, Department of Trade and Industry (DTI) Secretary Fred Pascual met with his counterpart, Minister Saito Ken of Japan, on the sidelines of the Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial Meeting. Both ministers discussed potential areas of cooperation, particularly in clean energy, trade, and investment.
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Malaysia’s state energy firm Petroliam Nasional (Petronas) reported a near 11 per cent decline in first-quarter net profit on Friday (May 31) due to higher operating costs and lower realised prices across its businesses.
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The Singapore Ministry of Trade and Industry (MTI), the Lao PDR Ministry of Energy and Mines (MEM), and the Cambodia Ministry of Mines and Energy (MME) have formed a working group to promote cross-border electricity trade, advancing the ASEAN Power Grid vision.
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The Bangko Sentral Pilipinas (BSP) expects electricity rates to increase further as around P15.77 billion worth of power generation cost may be passed on to consumers over the next three years.
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President Ferdinand R. Marcos Jr. has conveyed to major players in Brunei Darussalam’s energy sector the Philippines’ interest in waste-to-energy projects as the government looks to develop other sources of energy and minimize the use of fossil fuels.
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Due to intense heat waves, the electricity consumption across the country reached a new record of 1.001.9 billion kWh on May 28, surpassing the 1 billion kWh mark for the first time in history.
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.
