TEMPO.CO, Manila, Philippines – On Thursday, November 24, 2022, the Asian Development Bank (ADB) had approved a US$500 million loan to support Indonesia’s energy sector reforms to boost fiscal sustainability and governance, expand private sector investments in clean and renewable energy, and promote green recovery from the coronavirus disease (COVID-19) pandemic, according to a press […]

Toyo Thai Power Myanmar Co Ltd (TPMC) plans to invest between US$350 million (K471 billion) to US$500 million to set up a liquefied natural gas (LNG) power plant, U Htet Aung Mon, general manager of TTCL Power Myanmar said. TPMC is the subsidiary of Thailand-based TTCL Public Co Ltd. The LNG power plant expected to […]

US$692 million loan secured to finance region’s largest wind farm in Laos A developer has signed a US$692 million loan agreement to finance the 600MW “Monsoon Wind Power Project” in Laos, the largest in Southeast Asia, according to media reports.

The United States Agency for International Development (USAID) will extend to the Philippines at least $82.4 million in grants during the next five years to support projects for climate resilience, clean and efficient energy, faster internet, as well as women empowerment.

The US Trade and Development Agency (USTDA) has granted funds to the Thai Ministry of Transport’s Office of Transport and Traffic Policy and Planning (OTP) to improve Thailand’s supply chain and reduce carbon emissions in its freight transportation system.

Vestas has assisted Vietnamese developer Tan Hoan Cau Joint Stock Corporation to secure funding for the 33MW Huong Linh 1 wind farm in the south-east Asian country. The turbine manufacturer’s structured finance business coordinated the financiers, which included the Danish Export Credit Agency (EKF), an offshore bank and a Vietnamese bank, to provide money for […]

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.

HCM CITY — Consumer goods, healthcare, energy, construction materials, infrastructure, and technology are among the sectors with enormous potential for investment in Việt Nam once the COVID-19 pandemic subsides, an expert has said. Don Lam, co-founder and CEO of fund management company VinaCapital, recently spoke to a group of Korean investors through video conferencing about Việt […]

HCM CITY — As one of the most efficient power markets in Southeast Asia, Việt Nam has huge prospects, especially in renewable energy, experts have said. There is need for investment in Việt Nam in production, export capacities and upgrading of infrastructure, Phan Thế Anh, deputy general director of the Ministry of Industry and Trade’s […]

The value of the Vietnamese renewable energy sector may reach $714 billion and it may keep developing for at least 25 years, Vietinbank Securities JSC (VietinbankSC) said in a report.