News Clipping Archive - Page 943 of 1301

Renewables

The wind and solar power sources will reach over 20,000MW by 2025

24 December 2019

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Vietnam

According to forecasts, the wind and solar power sources in Vietnam will increase sharply in the period of 2021-2023 to compensate for the electricity shortage due to delayed thermal power projects and By 2025, the total capacity of these sources will reach over 20,000 MW.

According to the report of the National Steering Committee on Power Development Planning (PDP), a total capacity of SPPs is expected to reach 14,450 MW by 2025 and 20,050 MW by 2030. As accounting, up to now, 10,300 MW of solar power has been added to PDP, so to achieve the planned goal, about 4000 MW need to be added in 2021-2025 period and about 5,600 in 2026 – 2030 period.

Regarding wind power development, it is expected to be added for 1,200 MW in 2021- 2025 period and 4,000 MW in 2026-2030 period to a total capacity of 4,800 MW in current PDP, the wind power source will reach 6,030 MW by 2025 and 10,090 MW by 2030.

Renewables

Cypark confirms solar power project win in Marang

24 December 2019

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Malaysia

KUALA LUMPUR (Dec 24): Cypark Resources Bhd, together with its consortium partner Impian Bumiria Sdn Bhd, has won a competitive bid to develop a large scale solar photovoltaic (LSSPV) plant of 100 megawatts of alternating current (MWac) in Marang, Terengganu.

However, it did not disclose the contract value.

In a bourse filing today, Cypark said it has received a letter of acceptance of offer from the Energy Commission Malaysia (EC) for the development of the solar plant.

Energy Cooperation

How Borneo state plans to lead Southeast Asia in renewable and sustainable energy

24 December 2019

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Malaysia

This month’s UN Climate Change Conference, widely known simply as COP25, ended in Madrid with delegates agreeing to a compromise deal on cutting greenhouse gas emissions that left many people disappointed.

However, the Malaysian state of Sarawak on Borneo – a Southeast Asian island shared between Malaysia, Brunei and Indonesia – is moving ahead with its ambition 10-year plan to lead the region in sustainability and renewable energy (RE).

Energy Policy

DOE sets new rules on security deposit for WESM traders

24 December 2019

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Philippines

Via its proposed Circular, the Department of Energy (DOE) is amending the ‘prudential requirement’ that a trading participant in the Wholesale Electricity Spot Market (WESM) must post to cover its traded energy in case there shall be default on payments.

A prudential requirement takes the form of a “security deposit” that a WESM participant must post or submit to the operator of the spot market – and this amount must be called upon in case the trading participant fails in paying its obligations.

Energy Economy

Turkish investors eye electronics, electricity production in Kingdom

24 December 2019

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Cambodia

Turkish investors have expressed interest in seeking investment partners in Cambodia in the electricity production and electronics sectors.

Guven Uckan, the head of the Electrical Electronics and Services Exporters’ Association (EESEA), said Cambodia had great potential for investment, with a number of Turkish investors currently doing business in the Kingdom.

Uckan was speaking at a meeting with heads of the Cambodia Chamber of Commerce at its office in Phnom Penh.

He added that with such opportunities, he will lead a group of Turkish investors in a visit to the Kingdom in April to find investment partners.

“The Turkish business delegation scheduled to visit Cambodia consists of 12 companies, all of which are specialists in electricity production and electronics,” Uckan said.

Renewables

National Assembly says yes to four solar projects

24 December 2019

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Cambodia

Four solar projects, representing a total output of 140 megawatts, were approved during a plenary session of the National Assembly yesterday.

For in depth analysis of Cambodian Business, visit Capital Cambodia
.

Each solar farm will be built in a different province – Banteay Meanchey, Battambang, Pursat, and Svay Rieng.

Yesterday, the National Assembly approved a draft law on payment guarantees on the projects.

“To increase investor confidence that all obligations surrounding the projects will be fulfilled, the financial institutions must issue guarantee letters on behalf of the government,” the National Assembly said in a statement.

Others

Drought, dams may lead to death of Mekong

24 December 2019

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Cambodia ,
Lao PDR ,
Myanmar ,
Thailand ,
Vietnam

BANGKOK: THE livelihood of millions of people in China, Laos, Myanmar, Thailand and Vietnam will be affected as drought and newly-built dams impede the Mekong River’s flow, drying up segments of the once fast-flowing river.

Observers predict that these two factors may lead to the death of the 4,700km waterway.

At a discussion on the Mekong River at Chulalongkorn University recently, Pou Sothirak, director of the Cambodian Institute for Cooperation and Peace and a former energy minister, was quoted by Asia Times as saying: “Regional policymakers, energy ministers, they are totally consumed by infrastructure development. They just want more energy — they are consumed by the idea that dam-building will improve their national economy.”

Electricity/Power Grid

7 new power projects aim to satisfy additional power demands

24 December 2019

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Myanmar

Ministry of Electricity and Energy is implementing seven new power projects in order to generate an additional 1,000 MW, said Deputy Minister for Electricity and Energy Khin Maung Win, at a ceremony to open the 66-MW gas-fired power plant in Magway Township in Magway Region.

In the summer of 2019, the power plant generated up to 1,980 MW in maximum. In the coming summer, the country’s highest power consumption is expected to reach around 5,000 MW.

The under-implementation projects are 66-MW in Magway, 150 MW in Kyaukphyu, 400 MW in Thaketa, 350 MW in Thilawa, 20.5 MW in Kyunchaung, 151 MW in Ahlone and 28 MW in Shwetaung.

The seven projects will have an installed capacity of 1,166 MW. The 66-MW power plant in Magway started its commercial operation on December 13.

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