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Indonesia will benefit from a major green investment in the logistics sector that’s set to address a critical infrastructure gap, at the same time creating jobs and supporting a recovery in Southeast Asia’s biggest economy amid the impact from the Covid-19 pandemic.
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In developing countries, energy use from industry rises proportionally to gross domestic product (GDP), according to the 2017 report from the International Energy Agency or IEA. Between 2000 and 2015, Indonesia transitioned from agriculture to industry. The industry sector contributes around 39 percent of Indonesia’s GDP, and the annual energy consumption growth rate in this sector is projected to be 0.54 percent. The largest sub-sectors in Indonesia that contribute to the overall GDP are machinery and transportation equipment. It quadrupled between 2000 and 2016, increasing its share to overall industrial and service sector GDP from 8 percent in 2000 to 12 percent in 2016, the report showed.
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SINGAPORE (THE BUSINESS TIMES) – The asset management arm of Keppel Corp has launched a second data centre fund, which will focus on making strategic investments in the “fast-growing” data centre sector in the Asia-Pacific and Europe.
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Energy Capital Vietnam (ECV) has formed a joint venture with Gunvor International, one of the world’s leading independent energy commodities trading houses.
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The Asian Development Bank (ADB) has approved a $171 million loan to Myanmar with the construction of electricity infrastructure.
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Boonyanit Wongrukmit, the newly appointed governor of state-run Electricity Generating Authority of Thailand (Egat), vows to reduce bureaucratic hassles and build a more informal atmosphere at work to make Egat more agile in dealing with the fast-changing energy industry.
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Consumers being served by the Bantayan Island Electric Cooperative (BANELCO) could expect full electrification of the entire area by year 2022, based on the energization program being cast by the power utility.
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.
