Showing 561-570 of 622 results

Cambodia awaits bids in 60-MW solar PV tender

February 26 (Renewables Now) – Electricite du Cambodge (EDC), an electric utility in Cambodia, has launched an international tender for the implementation of a 60-MW solar photovoltaic (PV) project, with bids to be accepted by May 17, 2019. The project will see the construction of a solar park that will be the first phase of […]

New recycling plan taps energy fund

A new recycling plan for discarded solar panels and vehicle batteries will stress circular methods. (Photo provided) The government has agreed to use the remaining cash from the Energy Conservation Fund to support a new recycling plan for discarded solar panels and vehicle batteries, in line with the goal of creating a circular economy. The […]

Basic Energy completes acquisition of 15% of Thai EPC

MANILA, Philippines — Listed Basic Energy Corp. has completed its acquisition of a 15 percent stake in a Thai engineering, procurement, and construction (EPC) contractor. In a disclosure to the Philippine Stock Exchange yesterday, Basic Energy said it completed its acquisition of 2.52 million shares of VTE International Co. Ltd. (Thailand). VTE International is one […]

Greenko raises fresh $550 million from Singapore and Abu Dhabi investors

The Hyderabad-based renewable energy firm will use the funds primarily for new initiatives such as building another 5 GW integrated renewables for round-the-clock supply through energy storage contracts. Significantly, the company is aiming for 20 GW of storage-based energy contracts and its future capex is focused on that, Economic Times quoted while sharing the details […]

ERC to Meralco: Use tax refund to bring down electricity cost

MANILA, Philippines — The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to use unclaimed tax refund to reduce power rates. ERC has directed Meralco to submit a proposed scheme that incorporates the unclaimed tax refund for purposes of reducing the distribution rates of its customers, among others. It also directed the country’s […]

Investing in Southeast Asia’s electricity

Southeast Asia is a growing region with countries here averaging growth rates of 5.1 percent. This situation has rightly prompted a rise in energy demand within the region. Between 2000 and 2016, economic growth in the region spurred a 70 percent increase in primary energy demand. To that end, governments in Southeast Asia have implemented […]

Camarines Sur power cooperative gets P624 million DBP loan

MANILA, Philippines — State-run Development Bank of the Philippines (DBP) has extended loans amounting to P624 million to an electric cooperative from Camarines Sur to help improve its services to 82,000 households in the province. In a statement, DBP President and chief executive officer Cecilia Borromeo said the bank has signed a P624-million loan agreement […]

Indonesia’s Pertamina Cuts Jet Fuel Price in Relief for Airlines

Indonesia’s stock exchange plans to cut the minimum trading price for shares and shrink the lot size in its drive to attract more retail investors and boost volumes. The bourse will revise the decade-old requirement for stocks to maintain a floor price of 50 rupiah and lower the minimum order size from 100, Laksono Widodo, […]

Hold-ups in green energy investment

During his recent field trip to the south-central provinces of Binh Thuan and Khanh Hoa to explore the potential for renewable energy development, Bruno Angelet, Ambassador and head of the European Union Delegation to Vietnam, told VIR that Vietnam boasts great potential to develop wind and solar power projects. “The EU is greatly interested in […]

Indonesia’s coal price reference set at $91.8 per ton in February

The government has set Indonesia’s coal price reference (HBA) for February at US$91.8 per ton, 0.6 percent lower than the reference in January of $92.41 per ton, in response to China and India’s ongoing protection policies. “Both countries will intensify the use of domestic coal,” Energy and Mineral Resources Ministry’s spokesperson Agung Pribadi said in […]