Southeast Asia’s energy demand is expected to grow by two-thirds by 2040, requiring massive investment in new energy generation and transmission. Installed capacity will double from 240 gigawatts to 565 gigawatts, which amounts to adding a bit more than Japan’s total electricity capacity. To meet their growing needs, countries have to make pivotal choices. They […]

SINGAPORE (Jan 14): Trek 2000 International is acquiring a 7.5% stake in energy solutions company Terrenus Energy for US$3 million ($4.06 million). Singapore-incorporated Terrenus offers solar energy systems using solar panels, and has operations in Singapore, Australia and China. With its latest investment, Trek says it plans to collaborate with Terrenus on smart renewable power […]

Global Vanadium is in active negotiations for two new projects as part of its continued vanadium focus. Newly renamed and refocused Global Vanadium (ASX: GLV) has announced two potential project opportunities and provided an update on its investment in the Philippines iron sands vanadium-magnetite project. The Western Australia-based company officially changed its name and ASX […]

Hanoi (VNA) – New financial sources, particularly from the private sector, will help Vietnam further develop its energy industry, according to a new World Bank report on maximising finance for Vietnam’s energy development. Titled “Maximising Finance for Development in Vietnam’s energy sector”, the report said the changing macroeconomic and sectoral context in Vietnam requires a […]

Myanmar Investment Commission (MIC) granted the permits to nine new investments including CMP factories and LPG businesses at its meeting on January 11. The nine new foreign investments are: meat packaging, rice and rice mill products, animal feed production, baby chicks production, CMP garment industries, power production, LPG industry, warehouse and logistics services and vehicle […]

The government is lowering its investment target for the electricity sector this year to US$12.04 billion, 1.3 percent less than last year’s target of $12.2 billion, after taking into account a recent slowdown in electricity consumption. Only $11.28 billion was invested in 2018, but that was 24.5 percent more than the $9.06 billion invested in […]

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 […]

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 […]

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 […]

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 […]