Perisai Petroleum Teknologi set to exit Bursa, shares plunge 83%
The axe has fallen on another listed oil and gas (O&G) company as Bursa Malaysia Securities Bhd rejected Perisai Petroleum Teknologi Bhd’s regularisation plan, opening the way for its exit from the local stock market. The 2014 oil price rout had claimed many O&G-related companies, with Perisai being the latest victim. Investors dumped Perisai’s shares […]
Govt’s renewable energy plan seen negative for IPPs
PETALING JAYA: The government’s aspiration of more renewable energy (RE) is negative to the independent power producer (IPP) players given the potentially lower capacity replacement for their expiring power purchase agreements (PPAs), Hong Leong Investment Bank Research said. “Given the limited potential of new large scale hydropower plants in Peninsular, we expect the Ministry of […]
Blended coal for Perak power plant
Tenaga Nasional Bhd (TNB) is introducing blended coal at its coal-fired power plant in Lumut, Perak, as part of a continuous effort to ensure a sustainable coal supply for electricity generation. The introduction of blended coal for the Sultan Azlan Shah Power Station, which produces 20% of Peninsular Malaysia’s energy generation, would help secure coal […]
Third national car may be LPG-powered, if Astana City has its way
KUALA LUMPUR: Astana City Group Sdn Bhd (ACG) is keen on being involved in the third national car project, and sees the vehicle being fully-powered by liquid petroleum gas (LPG), replacing petroleum altogether. Its managing director Nik Mohd Fareez Nik Ahmad Azman said the company submitted a proposal paper on the project to the International […]
No Baram dam, no problem: Villagers build own micro hydro plant
MIRI, Jan 14 — The villagers of Long Liam, an Orang Ulu longhouse in the deep interior of Baram who were among the thousands opposing the construction of a mega dam in their area, now have their own version of a dam in the form of a micro hydro project (MHP). Inaugurated over the weekend, […]
TNB introduces blended coal at Lumut plant
KUALA LUMPUR (Jan 13): Tenaga Nasional Bhd (TNB) is introducing blended coal at its coal-fired power plant in Lumut, Perak, as part of a continuous effort to ensure a sustainable coal supply for electricity generation. The introduction of blended coal for the Sultan Azlan Shah Power Station, which produces 20% of Peninsular Malaysia’s energy generation, […]
Solar energy to be more affordable to consumers
JOHOR BARU: The Government’s move to liberalise the energy sector and to promote renewable energy would make it more affordable for consumers to switch to renewable energy, especially solar energy. Ditrolic Solar Sdn Bhd chief executive officer Tham Chee Aun said the implementation of the Net Energy Metering (NEM) and Supply Agreement for Renewable Energy […]
Sapura Energy bags contracts worth RM760mil
PETALING JAYA: Oil and gas company has secured contracts worth RM760mil in Angola and Malaysia that boosted the combined value of project wins in current financial year ending Jan 31, 2019 to RM9.3bil. The company, in a statement on Monday, said the growing order book will see a higher utilisation of its assets. In Angola, […]
Scatec Solar Closes Financing for a 47 MW Project in Malaysia
Solar project developer Scatec Solar, along with its partners has closed the financing for a 47 MW Redsol project in northwest Malaysia with a total investment of approximately $47 million. BNP Paribas will provide the non-recourse project finance facility for the project, covering 73 percent of the project cost. The solar power plant is expected […]
TNB to install solar and mini-hydro on Tioman Island
Malaysian utility Tenaga Nasional Berhad (TNB) via its wholly-owned subsidiary, TNB Energy Services Sdn. Bhd (TNBES), is to increase electricity supply for Tioman Island with solar and hydropower. The island, located 32 kilometres off the coast of Pahang, will have its mini-hydro station in Sungai Mentawak rehabilitated and solar panels installed on the rooftop of the […]