Govt needs private investment to achieve energy transition target: BI
Private investment was crucial to support the government in achieving energy transition towards low-carbon development by 2030 and net-zero emissions by 2060, Bank Indonesia’s (BI’s) Sustainable Finance Working Group (SFWG) President Haris Munandar stated.
PUB plans to launch inaugural green bonds in August
Singapore’s national water agency PUB plans to launch its inaugural green bonds later this month. The bonds will be part of a new S$10 billion multicurrency medium-term note programme, the agency said on Thursday (Aug 18).
Malaysia’s Tenaga to invest $4.5 bln a year to speed energy transition
Malaysian utility Tenaga Nasional Bhd (TNB) (TENA.KL) said on Wednesday it was aiming for capital expenditure of about 20 billion ringgit ($4.48 billion) annually till 2050 to fast track its energy transition plans.
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.
RATCH to acquire Nexif Energy portfolio
Denham Capital and Nexif have signed a share sale agreement with Thailand’s RATCH Group for Nexif Energy’s portfolio of renewable energy and storage assets in the Asia Pacific.
JERA takes stake in Vietnamese renewables player
ERA, through its subsidiary JERA Asia, is taking a stake in Vietnamese renewable energy producer Gia Lai Electricity Joint Stock Company (GEC).
Petronas: VFP approves RM1.6bil funding as of July 2022
The Petronas Vendor Financing Programme (VFP) continues to make positive impact on the industry with more than 260 applications and RM1.6 billion worth of funding approved as of July 2022.
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.