Pestech lists on exchange
Power transmission provider Pestech (Cambodia) Plc on Wednesday became the 13th company to list on the Cambodia Securities Exchange (CSX), following an arduous preparation process marred by the Covid-19 pandemic. In its initial public offering (IPO) Pestech Cambodia, a 100 per cent owned subsidiary of Malaysia-based Pestech International Bhd, issued 3.9 million shares (5.26 per cent […]
Petronas eyes $1.3B project in Alberta to export hydrogen to Asia
CALGARY — The Canadian division of Malaysia’s state-owned oil giant Petroliam Nasional Berhad, or Petronas, plans to study the feasibility of building a $1.3 billion petrochemical plant in central Alberta with the goal of exporting hydrogen to an Asian markets.
Petronas in talks to settle sales tax dispute with energy rich Malaysian state
[KUALA LUMPUR] Malaysian national oil company Petronas is in talks to finalise a deal with an energy rich province to settle a dispute over the payment of sales tax, a lawyer for the company said on Tuesday.
Petronas to power assets in Malaysia with solar energy as part of its sustainability commitment
KUALA LUMPUR (July 8): Petroliam Nasional Bhd (Petronas) has launched an initiative to deploy solar energy at the group’s assets across Malaysia to increase efficiency and reduce carbon emissions as part of its sustainability agenda and aspiration of Net Zero Carbon Emissions by 2050 (NZCE 2050).
PetroVietnam Gas says deal signed with AES on LNG joint venture
HANOI, Sept 23 (Reuters) – PetroVietnam Gas (GAS.HM) has signed an agreement with AES Corp (AES.N) to form a joint venture to operate an LNG terminal in Vietnam, the Vietnamese firm said on Thursday.
Philippine Billionaire Family’s AC Energy, BIM Group Start $155 Million Wind Farm In Vietnam
AC Energy—controlled by billionaire Jaime Zobel de Ayala and his family—and its partner Hanoi-based BIM Group has started the commercial operations of their wind farm project in Vietnam ahead of schedule as Ayala Corp., the Philippines’ oldest conglomerate, accelerates investments in renewable energy.
Power sector bounces back; energy demand recovery to continue
MANILA, Philippines — Despite the slowdown caused by COVID-19, the Philippine power sector bounced back and nearly returned to pre-pandemic levels in 2021.
Power utility TNB expects resilient earnings
Tenaga Nasional Bhd’s (TNB) earnings are expected to be resilient going forward, as the ballooning under-recovery of fuel costs will eventually be recovered under the incentive-based regulatory framework, albeit with a six-month lag.
Proposed steep tariff cut risks disruption in Vietnam’s wind market, industry body warns
The Vietnamese government is mulling a significant reduction of feed-in tariff rates for wind. The Global Wind Energy Council has cautioned the move could see disgruntled investors pack their bags, derailing the nation’s wind targets.
PTT : announced the launch of new business – the first one-stop service for renewable energy certificates and renewable purchases in Thailand
To reinforce PTT’s leadership in energy innovation for the future, PTT launched the new business in one-stop service for Renewable Energy Certificate (REC), leveraging blockchain technology, to fully meet the strong demand from multinational companies for renewable energy in Thailand and the ASEAN region, continuing PTT’s sustainability mission.