COMPANIES involved in generating electricity from sunlight will be back in action soon as the country’s much-anticipated, mouth-watering large-scale solar (LSS) programme will resume with a new round of open tender next year. In a move to increase Malaysia’s power generation from renewable sources, the government recently announced that RM2 billion worth of projects under […]

KUALA LUMPUR (Dec 10): Tenaga Nasional Bhd (TNB) is subscribing to a compulsorily convertible debenture (CCD) for 2.256 billion rupees (RM133.17 million) to facilitate its direct investment in the construction of a hydroelectric power plant in India. The CCD is issued by GMR Bajoli Holi Hydropower Pvt Ltd (GBHH), which is constructing the 180MW run-of-river […]

SHAH ALAM: Worldwide Holdings Bhd, a Selangor state government unit, has set aside RM1 billion for two phase development of waste-to-energy (WTE) facilities on a 15 acre of land in Jeram Sanitary Landfill in the state. The WTE plant will be part of the group’s integrated solid waste management centre (ISWMC), a holistic waste management […]

KUALA LUMPUR, Dec 8 (Reuters) – Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year. OPEC and non-OPEC producers agreed at a meeting in Vienna on Friday to a new level of production cuts from January to […]

Kuala Lumpur: Tenaga Nasional Bhd’s (TNB) Large Scale Solar (LSS) project in Mukim Tanjung 12, Sepang was fully operational on Nov 23. The project is the largest solar farm in Malaysia, spanning on a 98-hectare site and uses 230,000 solar panels to generate 50 MW of renewable energy (RE) to the national power grid. In […]

It will start with 10 villages next year by working with the state’s renewable energy champion, Tonibung. State Rural Development Minister Datuk Ewon Benedick (pic) said although this plan had yet to be approved, the Government is moving toward the direction with initial discussions already held. “Basically, we have agreed, in principle, that some of […]

Argentina’s state-controlled energy company YPF and Malaysia’s Petronas are forming a joint venture to invest $2.3 billion over the next four years in the country’s Vaca Muerta shale oil fields, the president’s office announced on Tuesday. State-owned Petronas will have an equal stake in the project through its subsidiary Petronas E&P Argentina SA, the presidency […]

KUALA LUMPUR: Sapura Energy Bhd will be able to ride over the challenging third quarter financial results ended September due to its strong fundamentals, solid order book of RM18.2 billion, rebounding crude oil prices as well as full support of its majority shareholder, Permodalan Nasional Bhd. Analysts and industry sources said these are challenging times […]

MATT Tan, a chartered accountant, and his friend and colleague Levin Tan, an engineer by training, share more than just a common surname. They have a common interest in sustainability issues and came together to form Mattan Engineering Sdn Bhd back in 2012. The visionary duo combined their expertise in finance and engineering to be […]

KUALA LUMPUR (Dec 3): Reach Energy Bhd announced today that initial testing of the exploration well at North Kariman-3 (NK-3) in its Emir Oil concession block onshore Kazakhstan has yielded positive results. “The NK-3 well has been safely and successfully executed as budgeted,” it said, noting that the well penetrated the target Mid-Triassic carbonate reservoirs, […]