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Singapore Energy-Saving Firm Wins $33 Million KKR Investment

KKR & Co. is buying a stake of as much as S$45 million ($33 million) in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally. It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption by […]

TNB shares slip despite renewable energy deal in India

PETALING JAYA: (TNB) shares slipped 0.1% to RM13.54 despite entering into a partnership to grow its renewable energy (RE) portfolio. Tenaga Nasional (TNB) had entered into an agreement to subscribe to a compulsorily convertible debenture (CCD) issued by India’s GMR Bajoli Holi Hydropower Pte Ltd (GBHH) for 2.26 billion Indian rupees (RM133.2mil). The proposed investment […]

The need for renewable energy cooperation

In October, the United Nations (UN) released a report which highlighted that the world could be on the brink of a climate change disaster if immediate measures are not taken. Leading scientists behind the report have said that the world only has 12 years to keep global warming at a maximum of 1.5 degrees Celsius […]

Myanmar energy firm plans $35m investment

DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]

Low carbon electricity generation, carbon pricing could reduce emissions in Asean: MIT report

KATOWICE, Poland – The ongoing United Nations (UN) climate change talks in Poland have emphasised the need for the world to drastically reduce its emissions to avoid the worst impacts of climate change, with many nations arguing that both developing and developed countries should bear the responsibility of doing so. But how can rapidly developing […]

Malaysia agrees to extend its oil output cut by six months

KUALA LUMPUR, Dec 8 (Reuters) – Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year. OPEC and non-OPEC producers agreed at a meeting in Vienna on Friday to a new level of production cuts from January to […]

Energy Deal Deepens Once Unimagined Sino-Philippine Friendship

TAIPEI, TAIWAN — A maritime energy exploration agreement is being seen by some as an attempt to continue improving relations between China and the Philippines, countries once so opposed that their rift over maritime sovereignty went to a world arbitration court.Philippine and Chinese officials inked a memorandum of understanding Nov. 20 to look together for oil […]

Energy sector faces big challenges ahead

HÀ NỘI — The challenges the power sector needs to overcome over the next two decades are substantial to ensure it achieves its goals to provide sustainable, clean, affordable and reliable power supply to the people of Việt Nam. Ousmane Dione, Country Director of the World Bank in Việt Nam told the meeting of the […]

Pence in Southeast Asia: Ways forward for U.S.-ASEAN cooperation on infrastructure development

Vice President Pence’s speeches in Singapore and Papua New Guinea in mid-November not only reaffirmed Washington’s commitment in the Indo-Pacific, but also articulated U.S. economic strategy toward the region more generally. He said, among other things, that Washington will seek to reform U.S. development finance institutions and create a U.S.-ASEAN Smart Cities Partnership. While such […]

Nuclear Cooperation between Australia and Viet Nam strengthened with the support of the IAEA

With the support and input of the IAEA, the Viet Nam Atomic Energy Agency (VAEA) signed a Memorandum of Understanding (MoU), on October 10, with the Australian Nuclear Science and Technology Organisation (ANSTO) to establish and enhance a new, cooperative for the peaceful application of nuclear science and technology. The Memorandum of Understanding was signed […]