When Keeping Cool, Socioeconomic Status Matters
AsianScientist (Jan. 2, 2018) – Singapore households from different socioeconomic groups vary significantly in their use of water and electricity for heat relief, according to a study by researchers from the National University of Singapore (NUS). They published their findings in the journal Nature Communications. In Southeast Asia, climate models project annual temperature to increase […]
EMA should explain why oil price drops more than 35% but electricity tariffs drop only 1.2 per cent
It was reported that from January to March 2019, consumers can expect lower electricity and gas tariffs due to lower cost of natural gas for electricity generation and a drop in fuel prices from the quarter before. Energy utilities provider SP Group announced yesterday (30 Dec) that the electricity tariffs will drop by an average […]
1 in 3 eligible consumers switches to electricity retailer
Nearly a third of eligible consumers have opted to buy electricity from a retailer since the Open Electricity Market was progressively launched from Nov 1, starting with households mainly in the north-west of Singapore. And the Energy Market Authority (EMA) believes this initial take-up rate will stay the same as the roll-out continues across the […]
EST receives seed capital of $2 million for electric motorcycle
New Delhi: EuroSports Technologies (EST), Singapore’s home-grown developer of electric motorcycles, on Friday received $2 million of seed capital from its Singapore-listed parent company EuroSports Global (ESG) to accelerate the development of EST’s Singapore-developed electric motorcycle. The motorcycle, code-named “EST-X”, which combines convenience, performance, and intelligence into a single affordable vehicle package, the company said […]
Trina Solar targets residential market in Philippines
SINGAPORE-BASED Trina Solar Energy Development Pte. Ltd. is targeting to install 5-6 megawatts (MW) of solar rooftop energy systems in Filipino homes each year as it sets its sights on the local residential market, its local manager said. “We have quiet a bit of aggressive target in the Philippines… Usually we are given the task […]
Singapore’s petroleum company Coastal Oil to exit market
SINGAPORE: Singapore petroleum company Coastal Oil Singapore Pte Ltd has entered liquidation as of Dec. 13, according to the Accounting and Corporate Regulatory Authority. The company has decided to wind up but no other information was available. Coastal Oil declined to comment when contacted. Coastal Oil is a subsidiary of Hong Kong-incorporated Coastal Holdings and […]
Singapore LNG seeks EOIs for storage tank
As part of continuing efforts to develop Singapore as an LNG trading hub, SLNG will be able to construct another LNG storage tank at the SLNG Terminal on Jurong Island, Singapore. SLNG has announced that it is keen to explore interest in the market to underpin this facility. SLNG is thus seeking non-binding Expressions of […]
KKR powers up Singapore’s Barghest Building Performance with $33m investment
KKR has invested S$45m ($33m) in Singapore-based energy savings business Barghest Building Performance, as the firm peruses its impact investment strategy. BBP provides energy efficiency services for heating, ventilation and air conditioning systems in commercial and industrial buildings. The company has operations across Southeast Asia, China, India and Taiwan. KKR launched its dedicated Global Impact business in 2018 to invest in businesses […]
Shell Singapore appoints new country chairwoman
SINGAPORE, Dec 13 (Reuters) – Shell Singapore, a unit of Royal Dutch Shell, has appointed a new country chairwoman who will assume the position from January next year, the company said in a statement on its website. Aw Kah Peng, who is currently general manager for Shell’s chemicals intermediates business in Asia Pacific, will succeed […]
Singapore Energy-Saving Firm Wins $33 Million KKR Investment
KKR & Co. is buying a stake of as much as S$45 million ($33 million) in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally. It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption by […]