Malaysia’s Finance Minister Lim Guan Eng. Photo: Reuters Malaysia ’s finance minister on Friday said there are no talks with Goldman Sachs on the recovery of billions of dollars of state funds lost via the US bank’s former client 1Malaysia Development Bhd (1MDB) , local media reported. Malaysia filed criminal charges last year against Goldman […]

KUALA LUMPUR, Oct 4 (Reuters) – Malaysia’s state energy firm Petronas said on Friday it had set up a $350 million venture capital arm for industrial and energy investments. The newly launched Petronas Corporate Venture Capital will look to invest in startups in advanced materials, specialty chemicals as well as those involved in the future […]

PetroVietnam Drilling & Well Service Corporation (PV Drilling) has entered into a Contract for Provision of Heavy Tender Assist Semi-Submersible Drilling Unit PV DRILLING V with Brunei Shell Petroleum Company SDN BHD (BSP). The contract has the duration of six years, plus two (2) times of two (2) year extension with commencement date of 01st […]

Philippines power utility Meralco and battery supplier Hitachi have installed a 2MW / 2MWh battery energy storage system (BESS) on the country’s largest island, Luzon, according to local reports. Two 1MW lithium BESS units comprising 2,300 cells were reportedly unveiled on September 6 in San Rafael, a town 50 kilometres north of the capital, Manila. […]

The agreement will allow ADB and Infrastructure Asia to help state-owned enterprises, regional and municipal governments, in Southeast Asia in improving their institutional, financial, and governance capacities for developing innovative and green infrastructure programs and projects The Asian Development Bank (ADB) and Singapore’s Infrastructure Asia today signed a cooperation agreement to help governments in Southeast […]

THE power unit of conglomerate Ayala Corp. is investing $20 million to partly finance the development, construction and operations of renewable-energy (RE) power projects in the Asia-Pacific (AsPac) region, with a goal of building a portfolio of over 1 gigawatt in the next few years. AC Energy, through AC Renewables International Pte. Ltd., will undertake these […]

KUALA LUMPUR (Oct 1): The government is looking to review its carbon emissions commitments under the 2016 Paris Agreement. Speaking at CIMB Group Holdings Bhd’s The Cooler Earth Sustainability Summit, Minister for Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin said the government would be reviewing its national determined commitment under the Paris […]

The Government of Vietnam has granted approval to global power company AES for the development of a new 2.2GW combined cycle gas turbine (CCGT) power plant. The new Son My 2 plant will be developed in the south-central province of Binh Thuan, Vietnam. AES president and CEO Andrés Gluski said: “AES is committed to the […]

Australian energy tech startup Power Ledger is keen to expand business in Southeast Asia, as the region is expected to become the fourth-largest energy consumer in the world by 2030. In early September, Thailand hosted the 37th Asean Ministers on Energy Meeting and Associated Meetings, with Power Ledger participating in the renewable energy conference. Maria […]

HOUSEHOLDS and businesses can expect lower electricity bills for the next three months. Electricity tariffs for October to December are set to fall by an average of 3.3 per cent, or 0.79 cent per per kilowatt hour (kwh), compared with the previous quarter, SP Group said on Monday. The decline is due to the lower […]