Grab raises $250 million from Hyundai and will partner on electric vehicles for Southeast Asia
Singapore-based Grab today announced that it has received a $250 million investment from Hyundai Motor Group, an infusion that brings its latest round of venture capital to $2.7 billion. In addition, Grab said it will partner with Hyundai to develop electric vehicle (EV) pilot programs across the eight countries it serves in Southeast Asia. “As […]
Cusi pitches for nuclear at ASEAN
Philippine Energy Secretary Alfonso G. Cusi was the lone minister who made a pitch for nuclear option for the Southeast Asian region in this week’s 36th ASEAN Ministers on Energy Meeting (AMEM) in Singapore. SHARING PH’S ELECTRIFICATION AGENDA WITH ASEAN – Philippine Energy Secretary Alfonso G. Cusi (3rd from right) has shared to participants at […]
Southeast Asia’s renewables held back by policy inaction: IRENA
In Southeast Asia, though, barring some exceptions such as in Thailand, support for renewables has been smaller, and the region lags far behind others in renewable output despite its potential, especially for solar, geothermal and wind power. New Delhi: Southeast Asia is a potential hotspot for renewable energy, yet the region has not met expectations […]
Japan’s Osaka Gas looks to Southeast Asia for LNG business
SINGAPORE (Reuters) – Japan’s Osaka Gas Co Ltd is considering expanding its Southeast Asia operations, a top executive said, tapping a region where natural gas demand is booming but domestic reserves are dwindling fast. Osaka Gas, one of the world’s biggest gas utilities and importers of liquefied natural gas (LNG), is increasingly turning abroad as […]
ASEAN Ministers call for stronger institutional ties with the IEA
Dr Fatih Birol, the IEA’s Executive Director, was in Singapore for the 36th ASEAN Ministers of Energy Meeting (AMEM), Singapore International Energy Week, and other related engagements. Dr Birol gave the opening presentation of the AMEM, discussing the various energy challenges facing ASEAN – especially energy security, investment, grid integration and energy efficiency – and […]
Low-cost renewables revolution is coming to Southeast Asia
New analysis from Carbon Tracker shows it could be cheaper to build new renewable energy sources than to operate existing coal-fired power plants in Southeast Asia within 10 years. There are three inflection points that will make coal power economically obsolete: new renewables outcompete new coal; new renewables outcompete operating existing coal; and new firm […]
ASEAN steps up energy cooperation
HÀ NỘI — ASEAN countries will step up cooperation and share resources to ensure energy security through expanding power grid connectivity and developing renewable energies. The commitment was made by ministers and deputy ministers in charge of energy of the ten member states of the Association of the Southeast Asian Nations (ASEAN) at the 36th […]
New Renewables Cheaper Than Old Coal In Southeast Asia
A new analysis from independent financial think tank Carbon Tracker has concluded that it would be cheaper to build new solar PV and onshore wind capacity in Indonesia, Vietnam, and the Philippines by the end of the next decade rather than continue operating existing coal-fired power plants. Carbon Tracker published three new country briefings on […]
Getting the green light to mitigate impact of climate change
THE United Nations Intergovernmental Panel on Climate Change (IPCC) recently published its special report on global warming, sending a strong warning both to world leaders and to all of us. We need rapid and unprecedented changes to our habits if we are to avoid major environmental, economic and social damage. While the timeframe may be […]
ASEAN regasification capacity to grow 77% in next decade
ingapore — The Association of Southeast Asian Nations (ASEAN) is likely to add nearly 77% in regasification capacity over the next decade as member countries build LNG import terminals to meet growing energy demand, according to data from the ASEAN Council on Petroleum. The growth in Southeast Asia’s regasification capacity will be both in terms […]