France to support development of Cambodian electrical grid
France will support the development of the Kingdom’s power transmission network with $30 million in financing. According to a press release from the Ministry of Economy and Finance, Minister Aun Pornmoniroth and Remi Riou, general manager of the French Development Agency (AFD), will sign a financing agreement in the near future. “As planned, the Minister […]
Italy extends funds to help light up Chin state
Italy will lend €30 million to Myanmar for solar panels to light up rural residential areas in Chin State, said U Tun Lwin, deputy permanent secretary at the Ministry of Agriculture, Livestock and Irrigation (MOALI). “We will use the funds to implement electrification projects in Chin state,” he said. The loan agreement was signed between […]
French to help finance Myanmar’s hydropower upgrades
Myanmar is set to receive a €35.7 million (K60.2 billion) loan from the French Development Agency (AFD) to upgrade to five hydropower plants, President U Win Myint said in a message to the Assembly of the Union (Pyidaungsu Hluttaw). The term of the loan is for 13 years, with a seven-year grace period, at an […]
Chinese company unveils plans for solar investment in Cambodia
China Huaneng Group has unveiled plans to invest in a 200-megawatt solar project in Cambodia to help develop the Kingdom’s renewable energy industry. In a meeting on Sunday with Cambodian Prime Minister Hun Sen, held on the sidelines of the Belt and Road Initiative (BRI) Forum in Beijing, a representative of China Huaneng said the […]
How tariffs are determined for energy consumers
KUALA LUMPUR: As the next six-month deadline (June 30) draws nearer for the Energy Commission (EC) to reflect changes in fuel and generation costs in electricity tariffs, some quarters expect to see electricity tariffs being reduced to match the international pricing of gas and coal. As two-thirds of our electricity bill come from fuel and […]
Malaysia aims RM10b potential investments at Expo 2020 Dubai
Malaysia is expecting to rake a potential trade and investment of RM10 billion through the country’s participation at the Expo 2020 Dubai. According to Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin (picture), Malaysia will exhibit sustainable energy solutions, while the clean energy and green industry will be displayed at the centre […]
Malaysia’s Oil Giant Looks to Americas to Increase Oil Reserves
Malaysia’s state-owned oil company is banking on the Americas to help raise reserves and maintain production rates as wells in its Southeast Asian home market continue their natural declines. Petroliam Nasional Bhd., known as Petronas, will allocate a larger share of its future capital expenditure toward projects stretching from Canada to Brazil as oil prices […]
Sector enhances ties with foreign partners to boost green growth
Hanoi (VNA) – Vietnam’s construction sector is enhancing cooperation with international partners to help promote green growth. In its action plan on green growth, the construction sector aims that half of big- and medium-sized cities in Vietnam meet green city standards by 2030. This plan is part of efforts to realise the national green growth […]
‘World Bank indirectly funding Asian coal projects’
[JAKARTA] An international team of environmental and financial experts claim in a report that contrary to declarations it made in 2013, the World Bank (WB) has been indirectly funding coal mining projects in Asia. According to the report, published this month (11 April), the WB’s private-sector arm – the International Financial Corporation (IFC) – has […]
OCBC is Southeast Asia’s first bank to rule out funding new coal power plants
Singapore’s OCBC Bank is the first banking giant in Southeast Asia to rule out financing new coal-fired power plants. In an interview with Bloomberg on Wednesday, the bank’s chief executive Samuel Tsien said the company would no longer fund new coal-fired power plants in any country. “We hope that by doing this, we are encouraging […]