The Philippines cannot do without fossil fuels just yet: Ayala and Lopez bosses
Instead of an ‘overnight shift’, there must be a ‘balance’ between the use of renewables and transition fuels like natural gas, argued top Filipino industry leaders in a virtual forum held by Eco-Business and the British Embassy in Manila.
Think tank urges Duterte to issue EO on reducing coal dependence
MANILA, Philippines — Energy and environmental think tank Center for Energy, Ecology, and Development (CEED) is urging President Rodrigo Duterte and his administration to come up with an executive order outlining how they plan to “fasttrack” the development of renewable energy sources while “reducing” dependence on coal, as he mentioned during his State of the […]
TM, Top Glove among winners of National Energy Awards 2020
THE Ministry of Energy and Natural Resources (KeTSA) has announced the winners of the National Energy Awards (NEA) 2020.
TMB Bank PLC backs Southeast Asian solar power producer Constant Energy with up to US$50 million loan facility
TMB Bank Public Company Limited is further expanding its financing activities in the commercial and industrial (C&I) solar sector by providing Thailand-based Constant Energy Group with a 1.5 billion THB (approx. US$50 million) long term green project finance loan package. The funding will be deployed to further expand Constant Energy’s sizeable portfolio of solar energy […]
TNB net profit declines to RM653.30m in Q2
KUALA LUMPUR, Aug 28 — Tenaga Nasional Bhd’s net profit declined to RM653.30 million in the second quarter ended June 30, 2020 (Q2 2020) from RM1.11 billion recorded in the same period last year. In a filing with Bursa Malaysia, the multinational electricity company said its revenue dropped to RM10.89 billion versus RM12.87 billion previously, mainly […]
TNB seeks solution to high electricity bill problem
PUTRAJAYA: Tenaga Nasional Bhd has given an assurance that it is working with the energy and natural resources ministry and Energy Commission to solve the problem of high electricity bills.
TNB: Prorate method ensures users will not be overcharged
KUALA LUMPUR, May 28 — Tenaga Nasional Bhd (TNB) has clarified that the prorated method used in adjusting electricity bills during the implementation of the movement control order (MCO) will not cause consumers to be overcharged. Chief Retail Officer Megat Jalaluddin Megat Hassan said the prorate method used by TNB was reviewed and approved by the […]
To combat Asia’s energy battle, Indonesia needs to sign new renewable energy contract: Report
Indonesia needs to sign a new renewable energy contract in the next three years to counter its massive demographic shift, according to a report in ‘Indonesia Clean Energy Outlook’. The country is Southeast Asia’s largest economy and democracy and is rapidly approaching a demographic shift in the next ten years. Experts claim that Asia’s next clean energy battle will […]
Tok Pa: Putrajaya to scrutinise National Energy Policy to determine path forward for energy sector
KUALA LUMPUR, Nov 11 — The government will undertake a study on the National Energy Policy (NEP) to determine the policies and the long-term strategies for the nation’s energy sector.
Total, Chevron Suspend Some Payments to Myanmar Junta-Linked Energy Firm
In response to repeated calls for them to cut ties with the military regime in Myanmar, energy giants Total of France and Chevron of the US on Wednesday announced they have suspended some payments to their joint venture with a state-owned company controlled by the coup leaders.