The generous tariff is considered crucial by the Vietnamese government to maintain high levels of development in the rooftop segment until 2021. Vietnam’s state-owned utility EVN has confirmed that it will maintain the 20-year feed-in tariff for rooftop PV installations not exceeding 100 kW in size at the rate of $0.0935/kWh until 2021. The decision […]

The Ministry of Industry and Trade of Vietnam (MOIT) recently proposed a draft decision amending decision No. 24 of 2014 on support mechanisms for the development of biomass power projects in Vietnam. The draft decision, among other revisions, proposes increasing feed-in-tariffs (FiT) for biomass power projects. Under the draft decision, tariffs at the delivery point […]

KUALA LUMPUR: The Energy Commission (ST) said it issued 36 compound notices totalling RM3.6 million against Tenaga Nasional Berhad (TNB) in December 2019. In a statement today, it said the action was taken after investigating complaints from consumers on high electricity bills in May and June of 2019. “Investigations show that the company failed to […]

Newly proposed feed-in-tariffs (FIT) much less than earlier incentive rates might be too low to encourage solar power investments, the ministry says. The new solar power rates proposed by the Ministry of Industry and Trade (MoIT), much lower than the current average electricity retail price of VND1,864 (8 cents) a kWh, would erase all incentive […]

The Philippines’ Department of Energy (DOE) has called for comments on a draft programme that brings in new rules for renewable energy auctions and a green energy tariff. The main aims are to enable compliance with the Renewable Portfolio Standard (RPS) that will be enforced this year. The RPS mandates power firms to have a […]

MANILA, Philippines — A senior administration lawmaker yesterday revealed an obscure and under-two-year-old independent power company that managed to bag a contract that raked in hundreds of millions of pesos with only P7,000 in paid-up capital. Puwersa ng Bayaning Atleta party-list Rep. Jericho Nograles questioned how and why the Independent Electricity Market Operator of the Philippines […]

Chevron Corp. said it expects to close the sale of its Malampaya assets in northwest Palawan to Udenna Corp. controlled by businessman Dennis Uy within the first half.Chevron, in an investor presentation report, confirmed the divestment of a 45-percent stake in the $4.5-billion Malampaya gas project, the country’s largest gas-producing facility.“SPA [sale and purchase agreement] […]

The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance of the IMO 2020 Sulphur Cap (IMO2020). In Singapore, the world’s largest bunkering hub, the bunker sale landscape saw significant change as the sale of high-sulphur fuel oil dropped tremendously in a matter of months. In contrast, […]

Oil prices have spiked by more than 6 percent since the US killed top Iranian military commander Qasem Soleimani in a drone strike ordered by President Donald Trump on January 3. Prices in Asia climbed to almost US$65 a barrel for the first time in four months on Monday amid fears that the US airstrike […]

JAKARTA (Reuters) – Indonesian President Joko Widodo will oversee the signing of $18.8 billion worth of energy and trade deals on a visit to Abu Dhabi, including Pertamina’s deal with Abu Dhabi National Oil Co to upgrade a West Java refinery, ministers said on Tuesday. Some of the deals have been under discussions for some […]