Singapore and Laos deepen cooperation in energy, environment and digital domains
Singapore and Laos are stepping up cooperation in emerging areas such as energy, digital, sustainability and environmental protection as they mark the 50th anniversary of diplomatic relations in 2024. On Wednesday, four memoranda of understanding (MOUs) between the two countries were signed and exchanged at the Istana.
Indonesia-Japan Sign US$138.2mn Trade Contract for Palm Kernel Shells
Indonesia booked a US$138.2 million worth of palm kernel shells trade contract with Japan for the latter’s renewable energy needs. The agreement was met in a business meeting and the signing of a trade agreement in Tokyo today, Sept. 28.
Japan, Petronas to Cooperate on Gas Investment, LNG Storage
Japan and Malaysia’s Petroliam Nasional Bhd are considering future joint investments in gas exploration and production projects as well as developing cleaner ways to make liquefied natural gas.
ADB Signs Loan for First Cross-Border Wind Power Project in Asia, First Plant in Lao PDR and Largest in Southeast Asia
The Asian Development Bank (ADB) and Monsoon Wind Power Company Limited (Monsoon) signed a $ 692.55 million nonrecourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic (Lao PDR) to export and sell power to neighboring Viet Nam. Comprising 133 […]
Masdar invests in Indonesian geothermal energy firm PGE
UAE-based energy company Masdar has entered the geothermal energy segment by making a strategic investment in Indonesian firm Pertamina Geothermal Energy (PGE).
Việt Nam needs extra $368 billion to achieve net zero emissions
As the energy industry has a crucial role in achieving net zero emissions by 2050, it requires a structural transition toward green growth. Therefore, Việt Nam needs assistance from developed countries regarding both financial and technical issues.
Meralco cuts power rates in August
The Manila Electric Co. (Meralco) implemented another reduction in rates for the second consecutive month in August, with the electricity bill of a typical household to become cheaper by P0.2087 to P9.5458 per kilowatt-hour (kWh).
Fighting Thailand’s energy price wars
State energy subsidies have assumed a prominent role in the Thai economy since the start of the Russia-Ukraine war in February.
DBP bankrolls P2.6-B Ifugao mini hydro project
The Development Bank of the Philippines (DBP) is funding Kiangan Mini Hydro Corporation (KMHC)’s P2.6-billion consolidation of three river systems iThe Development Bank of the Philippines (DBP) is funding Kiangan Mini Hydro Corporation (KMHC)’s P2.6-billion consolidation of three river systems into two renewable power projects in Ifugao.nto two renewable power projects in Ifugao.
Indonesia: Funding platform set up for renewable energy projects
Jakarta (VNA) – Indonesia has created a funding platform for its renewable energy projects, including a pioneering programme to retire coal-fired power plants, and appointed state-owned financing firm PT Sarana Multi Infrastruktur (SMI) to manage the funds.