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Vietnam calls for up to US$14bn annual power investment

Vietnam will need between US$8 billion to US$14bn each year till 2030 to bring its power network up to date, including developing new power plants and expanding its grid, a minister has said.

Việt Nam needs extra $368 billion to achieve net zero emissions

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.

Norway says RE investment to hinge on PHL openness to foreign equity

Norway’s ambassador said the Philippines is a potential destination for Norwegian businesses, but their interest in renewable projects here will depend on the industry’s openness to foreign investment.

Vietnam needs US$8-US$14bil power investment a year through 2030, says minister

Vietnam will need investment of between US$8 billion and US$14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister had said this week.

GULF invests THB2.7 billion in renewable energy and sustainable investments fund

Gulf Energy Development Public Company Limited (GULF) announced that Gulf International Investment (Hong Kong) Limited (Gulf HK), its wholly-owned subsidiary, entered into a subscription agreement to commit to invest EUR 75 million, which is equivalent to approximately THB 2.7 billion, in Lightrock Climate Impact Fund SCSp (LCI Fund).

High Court allows Sarawak Energy’s unit to challenge MOF’s rejection of its RM10.9 bil tax incentive claim

The High Court here on Thursday allowed a subsidiary of Sarawak Energy Bhd (SEB) to have RM10.9 billion be considered as investment tax allowance in 2019, after the Finance Ministry had earlier rejected the claim. This follows the court granting the judicial review application made by SEB’s subsidiary Baleh Hydro Power Generation Sdn Bhd to […]

INNIO Announces Future Collaboration With B.Grimm Power to Explore New Thailand Power Plant Projects

INNIO announced today that it has signed a Memorandum of Understanding (MoU) with B.Grimm Power to collaborate on building new power plant projects in Thailand. B.Grimm has a long and successful history as a trailblazer in Thailand’s private power generation industry. The MoU lays out the framework for a collaboration of the two companies to […]

How Malaysia scores on ESG

MALAYSIA may be in the infant stage of adopting environmental, social and governance (ESG) practices, but we are flourishing among our Asean counterparts.

Russia’s Renewable Energy Investment in Vietnam: New Projects Underway

Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for strong bilateral and economic relations between the countries. As of early 2022, Russia ranked 24th among foreign investors pouring funds into Vietnam with the energy sector being the main focus of the major investment.

Indonesia, South Korea ink agreement on green investment

Jakarta (ANTARA) – Investment Minister and Investment Coordinating Board (BKPM) Head Bahlil Lahadalia and the South Korean Minister of Trade, Industry, and Energy Lee Chang-Yang signed a memorandum of understanding (MoU) on sustainable green investment on Thursday.