Showing 591-600 of 622 results

Red Dot Power exits electricity market in Singapore

Red Dot Power has pulled out of the electricity market, saying yesterday that it has been a “financially challenging period” for the firm. The company was part of the initial soft launch for the open electricity market (OEM) in Jurong, signing up around 3,000 customers, including 120 households. When the open market roll-out to other […]

Energy World Corp receive DoE permit in the Philippines

The directors of Energy World Corp (ASX:EWC) are pleased to receive an a permit from the Department of Energy in the Philippines to construct, own and operate a liquefied natural import terminal and regassification facility. The permit allows for an extended construction period of 24 months. This will enable completion date for the first tank […]

Additional fuel excise tax now in effect

Metro Manila (CNN Philippines, January 1) — Filipinos will pay more for fuel at the beginning of 2019 because of an additional excise tax provided by law. Under the Tax Reform for Acceleration and Inclusion (TRAIN) law, an additional  ₱2 per liter excise tax is imposed on diesel and gasoline, ₱1 for every liter of […]

EMA should explain why oil price drops more than 35% but electricity tariffs drop only 1.2 per cent

It was reported that from January to March 2019, consumers can expect lower electricity and gas tariffs due to lower cost of natural gas for electricity generation and a drop in fuel prices from the quarter before. Energy utilities provider SP Group announced yesterday (30 Dec) that the electricity tariffs will drop by an average […]

Electricity, gas tariffs to drop in 2019 first quarter

SINGAPORE: Electricity and gas tariffs are set to drop in the first quarter of 2019. Electricity tariffs will decrease by an average of 1.2 per cent or 0.28 cent per kWh from Jan 1 to Mar 31 next year, compared to the previous quarter, SP Group announced on Sunday (Dec 30). Households’ electricity tariff will […]

Bangchak sets $50m investment budget in bio, green-energy startups

BANGCHAK will invest US$50 million in startups within the next five years in order to expand their core business and technologies with the goal to emerge as the leading innovative group of its kind in the Asean bloc. The firm expects to generate revenue growth to more than double in the next five years. The […]

Weaning ASEAN from coal reveals climate risks and rewards

Climate change is a pressing global issue that countries need to combat not only in their individual capacities but also at an intergovernmental level. Given the degree of the threat faced by communities worldwide, discussions around climate have come to the forefront of the global collaboration agenda. All eyes were on the 24th Conference of the Parties […]

Singapore Energy-Saving Firm Wins $33 Million KKR Investment

KKR & Co. is buying a stake of as much as S$45 million ($33 million) in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally. It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption by […]

TNB shares slip despite renewable energy deal in India

PETALING JAYA: (TNB) shares slipped 0.1% to RM13.54 despite entering into a partnership to grow its renewable energy (RE) portfolio. Tenaga Nasional (TNB) had entered into an agreement to subscribe to a compulsorily convertible debenture (CCD) issued by India’s GMR Bajoli Holi Hydropower Pte Ltd (GBHH) for 2.26 billion Indian rupees (RM133.2mil). The proposed investment […]

Myanmar energy firm plans $35m investment

DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]