Chinese companies’ investment in new energy globally surges 55.6% in 2022 Chinese power companies are increasingly focusing on renewable energy projects such as solar and wind power globally, an industry report showed.

KUALA LUMPUR: Malaysia will require an estimated RM637bil in new investments until 2050 in its transition to renewable energy (RE), says Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.

Thailand’s investment promotion scheme for the first half of 2023 was up by almost 70pc from a year earlier to 364.4bn Thai baht ($10.37bn) of proposals, led by the growth in targeted industries like the electronic and auto sectors.

Asean will need US$7 trillion or US$220 billion annually to invest in energy transition (ET) between 2018 and 2050 in order to reach net zero carbon emission, Tenaga Nasional Bhd president and chief executive officer Datuk Baharin Din said.

Costly electricity bills create a financial burden for the public, but also accelerate momentum for the establishment of free power trade in Thailand.

The World Bank said on Tuesday it had approved a $1.14 billion project to expand access to cleaner electricity in Indonesia, for which it will provide $500 million in financial support, and $600 million toward a project to improve childhood nutrition.

The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to set up a credit line of up to USD 300 million for renewable energy projects in Vietnam. JBIC’s portion of the credit line is USD 165 million, with the remainder […]

The Singapore Ministry of Trade and Industry, the Energy Market Authority, and the United States Department of Energy will be conducting a feasibility study on regional energy connectivity.

With Myanmar suffering an acute energy shortage, a Chinese delegation from Yunnan Province signed a power purchase agreement with the military regime on Sunday.

VIETNAM, April 3 – HÀ NỘI — The State visit to Việt Nam by Governor-General of Australia David Hurley from April 3-6 is expected to create new momentum for the bilateral ties, according to a scholar from the University of Queensland in Australia.