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 […]

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 […]

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 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 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 […]

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 […]

[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 […]

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 […]

Thailand’s alternative energy giant Bangchak Corporation Pcl has invested an undisclosed amount in California-based innovative battery technology developer Enevate Corp, according to an announcement. The investment has been made through Bangchak Initiative and Innovation Center (BiiC), which earlier had said that it would allocate a budget of over 300 million baht ($9.5 million) to invest […]

PETALING JAYA: Petroliam Nasional Bhd (Petronas) will soon mark its international foray into renewable energy once it completes the acquisition of Amplus Energy Solutions Pte Ltd, better known as M+ later this month. The state-owned oil and gas (O&G) giant has entered into an agreement with I Squared Capital to acquire a 100% interest in […]