Indonesia’s PLN gets $1.6 bn loan for giant power station project
The offshore US dollar credit facility with 20 international banks, signed on Oct. 25, was the first of its kind for PLN, the company said in a statement issued on Monday JAKARTA: Indonesia’s state-owned power utility Perusahaan Listrik Negara (PLN) said it has secured a $1.62 billion syndicated loan facility to support its role in […]
Control of Philippines’ Wholesale Electricity Spot Market moves to independent operator
The Philippines’ electricity market has undergone major reform, with the Wholesale Electricity Spot Market (WESM) passing from state control to a newly formed independent body. The transition was formally undertaken on September 26, with the creation of the Independent Electricity Market Operator of the Philippines (IEMOP) in line with the aim of the Electric Power […]
Budget 2019: Household electricity bill subsidy increased
KUALA LUMPUR, Nov 2 ― The government will increase household electricity bill subsidy from RM20 and below to RM40 and below, said Finance Minister Lim Guan Eng. However, he said in line with the government’s intention to implement targeted subsidies, the channeling of the subsidy would be dedicated to the poor and hardcore poor registered with […]
Rosita restoration efforts in full swing – Cusi
CAUAYAN, Isabela, Nov. 1 — The Department of Energy (DOE) presented the initial damage assessment on the effects of Tropical Storm (TS) Rosita at the briefing conducted by the Office of Civil Defense (OCD) – Region 2 at the Hotel Andrea in Cauayan City, Isabela on November 1. In a statement, Energy Chief Alfonso G. […]
US$500 million power plant set to take shape in Ahlone
Toyo Thai Power Myanmar Co Ltd (TPMC) plans to invest between US$350 million (K471 billion) to US$500 million to set up a liquefied natural gas (LNG) power plant, U Htet Aung Mon, general manager of TTCL Power Myanmar said. TPMC is the subsidiary of Thailand-based TTCL Public Co Ltd. The LNG power plant expected to […]
PV Power nine-month profit exceeds plan
HÀ NỘI — PetroVietnam Power Corporation (PV Power) reported revenue and pre-tax profit of VNĐ24.8 trillion (US$1.06 billion) and VNĐ1.8 trillion, respectively, in the first nine months of the year. These results are equivalent to 106 per cent and 124 per cent of the annual plan, respectively. After-tax profit was estimated at VNĐ1.4 trillion. According […]
Air taxis will be tested in Singapore skies next year – here are 5 things to know about the Volocopter
A man who can fly, a robotic supermarket, and now, flying taxis? We are living in the future. Volocopter, a German aviation start-up, will be putting its air taxis to test in Singapore in the second half of 2019. In a statement on Wednesday (Oct 18), Volocopter said that the air taxi trials in Singapore […]
Govt readies additional supply of electricity to meet demand
Arrangements have been made to prepare sufficient electricity to meet rising demand next year, according to the Ministry of Electricity and Energy (MOEE). The rate of increase in electricity consumption typically rises by 15 percent per year on average. This fiscal year though, demand is expected to increase by 19pc. As such, the MOEE is […]
Fuel-efficient cooking stoves in 22,000 households in Mandalay
Some 22,000 households in Mandalay Region are using fuel-efficient stoves as part of a government effort to reduce the use of firewood and the resulting destruction of forests and mangroves, according to the Mandalay Forestry Department. U Tint Swe, director of the department, said the stove campaign is aimed at addressing the energy shortage in rural […]
Cambodia needs solar to drive down electricity prices
According to the UNDP, a full economic evaluation of the costs and advantages of solar energy in the country is necessary, as Cambodia’s government is planning to expand its power system through coal and hydro. The United Nations Development Program (UNDP) has issued a request for proposal to select consultancy companies for the development of […]