Vietnam, Laos boost partnership in energy development
Vietnamese Deputy PM Dung lauded the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy and Mines for their active negotiations on an agreement on the development of hydropower projects, renewable energy and mining for signing at an earliest time. He noted that Vietnam consistently opposes energy projects that harm the environment, […]
Business groups laud Renewable Energy Day declaration
DUMAGUETE CITY — The Philippine Chamber of Commerce and Industry (PCCI) and the Negros Oriental Chamber of Commerce and Industry (NOCCI) on Monday lauded Negros Oriental Governor Roel Degamo’s move declaring every March 5, starting this year, as Renewable Energy Day. Dumaguete-based PCCI regional governor for Central Visayas Edward Du described the executive order (E0) […]
European Union supports 7 renewable energy projects in PH
The European Union, through the Access to Sustainable Energy Programme, agreed to co-finance seven renewable energy projects that would provide power to around 40,000 households in remote areas of the Philippines, the Energy Department said Thursday. “Our goal is to provide electricity throughout the entire archipelago by 2020. These projects will bring more progress in […]
Indonesia oil giant mulls $1-billion LNG project in Philippines
MANILA, Philippines — Indonesia’s second biggest crude oil producer, PT Pertamina, is looking to invest $1 billion for the development of liquefied natural gas (LNG) in the Philippines through a regasification hub project, the Department of Trade and Industry (DTI) said yesterday. Trade Secretary Ramon Lopez said PT Pertamina has expressed interest to do business […]
Global Power Synergy set to grow power and utilities
Chawalit Tippawanich, president and chief executive for PTT’s power arm, GPSC, said that its board on Monday agreed that either the company or a yet-to-be-established subsidiary, would purchase the energy recovery unit in a deal worth no more than Bt24.11 or about $757 million. The unit is part of TOP’s capacity expansion project, Clean Fuel […]
Germany ready for cooperation on sustainable energy with Vietnam
Vietnam has incredibly developed economic activities, industries, urbanization and living condition improvement; therefore, sustainable energy development is considered as a current tendency in the country. Ms. Cecilia Strandberg from Renewables Academy (RENAC) and Mr. Ron-Hendrik Peesel from University of Kassel said that they believe Germany’s technologies could fully meet Vietnam’s energy development demand, and German […]
It’s decision time for Southeast Asia as power demand soars
Southeast Asia’s energy demand is expected to grow by two-thirds by 2040, requiring massive investment in new energy generation and transmission. Installed capacity will double from 240 gigawatts to 565 gigawatts, which amounts to adding a bit more than Japan’s total electricity capacity. To meet their growing needs, countries have to make pivotal choices. They […]
Myitsone issue’s proper solution acceptable to both sides is being found out
Part of the controversial Myitsone Dam project, which was suspended by the government of President U Thein Sein in 2011, in northern Kachin State. (AFP) If Myitsone issue fails to be resolved after a long delay, it will seriously hurt the confidence of Chinese entrepreneurs in investing in Myanmar. Therefore, China and Myanmar are in […]
Global Vanadium hints at two new vanadium investments as it shifts from oil and gas focus
Global Vanadium is in active negotiations for two new projects as part of its continued vanadium focus. Newly renamed and refocused Global Vanadium (ASX: GLV) has announced two potential project opportunities and provided an update on its investment in the Philippines iron sands vanadium-magnetite project. The Western Australia-based company officially changed its name and ASX […]
Philippine Company to Breathe New Life Into ECG
The new Philippine company set to appropriate ECG (Electricity Company of Ghana) is bringing approximately $580 million into their operations. Meralco Consortium, a power corporation from the Philippines, will adopt all assets and operations associated with ECG under the name Power Distribution Services (PDS) Ghana Limited. The takeover happens on February 1, 2019. This event […]