KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has announced that the implementation of Imbalance Cost Pass-Through (ICPT) mechanism will be continued for the period of 1 July until 31 December 2019. The national utility company in an exchange filing today said for the period of 1 January until 30 June 2019, the additional generation cost or […]

KUALA LUMPUR: Sapura Energy Bhd has secured 10 new contracts for its engineering and construction and drilling segments worth RM1 billion across Malaysia, Thailand, Taiwan and Australia, including Sapura Energy’s first offshore wind farm contract. In addition, the company has been selected for a frame agreement with Petroliam Nasional Bhd (Petronas) for fixed offshore structure […]

KUALA LUMPUR: Malaysia is actively pursuing energy market reforms to enhance the country’s attractiveness as the preferred destination for energy investments, said the Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (pix) today. The government according to him, continue to strive for energy market reforms even with its status as among the world’s largest liquefied […]

THE ASIAN Development Bank (ADB) and the United States Agency for International Development (USAID) signed Tuesday an agreement to mobilize about $7 billion worth of investment for energy projects in Asia and the Pacific. USAID Asia Bureau Acting Assistant Administrator Gloria Steele said with the targeted investment, the agencies hope to increase the capacity of […]

Japan’s Inpex Corp. reached a new deal with Indonesia on the $20 billion Abadi liquefied natural gas project, a key step toward reviving work on the long-stalled venture that’s expected to be the biggest-ever investment in the Southeast Asian nation. A heads of agreement between the two includes an extension of the company’s contract to […]

MANILA, May 20 (Xinhua) — Nine local and foreign investors are seeking clearance from the Department of Energy (DOE) of the Philippines for their targeted nomination service areas in petroleum blocks under the Philippine Conventional Energy Contracting Program (PCECP), the DOE said on Monday. To date, the DOE said 17 requests for the issuance of […]

“We will buy 1000MW by 2021 but it is impossible to use all the electricity. We will resell the excess,” U Soe Myint said. The electricity will be transported from Dohon in China to Muse, Mine-ye, Hopone, Loikaw and Phayagyi. “Even if we are not able to buy the entire 1000MW, we will purchase at […]

A business meeting between representatives of Laos’ Ministry of Energy and Mines, Electricite du Laos (EDL), and Kepco as well as related sectors from Lao and the Republic of Korea was held in Vientiane last week. “The Ministry of Energy and Mines is aware of the importance of modern technology which will increase our energy […]

The Korea Electric Power Corporation (Kepco) hopes to expand its power equipment business as well as explore other avenues of cooperation with Laos’ energy sector. A business meeting between representatives of Laos’ Ministry of Energy and Mines, Electricite du Laos (EDL), and Kepco as well as related sectors from Lao and the Republic of Korea […]

According to latest statistics released by GSO, Vietnam’s CPI in April increased by 0.31 percent over the previous month, while average CPI in the first 4 months increased by 2.71 percent compared to the same period in 2018. “The increase in petrol and electricity prices have had a direct impact on increasing the consumer price […]