Diverse stakeholders’ involvement crucial in carbon emission reduction, says minister

KUALA LUMPUR, Nov 23 — Malaysia’s commitment to reduce its carbon emission intensity by 45 per cent by year 2030 can only be fulfilled through the involvement of diverse stakeholders, said Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar.  

Myanmar maps out recovery and reform

The Myanmar government is putting the finishing touches on an ambitious new economic recovery and reform plan. To be announced during the current transition period following the Nov 8 elections, it will be part of the strategic plan for the next five years.

Voith Hydro completes modernization of digital turbine governors for Kinda plant, Myanmar

Voith has successfully completed the modernization of digital governors for two units of the Kinda hydropower plant in Myanmar, reviving the plant and contributing to local economic and social development.

Ayala in search for deep-pocketed partner for oil/gas exploration

Ayala-owned upstream petroleum firm ACE Enexor Inc. has kicked off its search for a deep-pocketed and technically experienced partner for its planned oil and gas exploration venture at an offshore block in Northwest Palawan.

Meralco unit to offer solar solutions

Enphase Energy, Inc., a global energy management technology company and supplier of microinverter-based solar-plus-storage systems, has partnered with the renewable energy firm of the Manila Electric Co. (Meralco).

PLN inks four-way deal with carmakers, Grab to push EV adoption

PLN has inked a cooperation agreement with auto brands Gesits, Hyundai and Wuling, as well as ride-hailing company Grab, in a push for the increased development of Indonesia’s electric vehicle (EVs) market

With high geothermal investment needs, Pertamina expects government incentives

State-owned Pertamina is hoping for government incentives given expected high costs for drilling for often remote locations of geothermal working areas to be developed.

‘Basin studies key to enticing investors in oil, gas drilling’

The Philippine National Oil Company-Exploration Corp. (PNOC-EC) stressed the importance of a well-crafted study of the country’s 16 sedimentary basins to make these marketable for prospective investors.

AC Energy to leave coal projects

Ayala-owned AC Energy Philippines is breaking free from coal-fired generating facilities, hence, it is casting the divestment of its shareholdings in the 1,336-megawatt Dinginin power project and the 360MW Mariveles coal plant, its joint venture with the Aboitiz group.

PPSP in legal dispute over power supply contract

Asiatic Group (Holdings) Ltd (AGHL), a Singapore Exchange listed company, has started arbitration proceedings against the Phnom Penh Special Economic Zone Plc (PPSP) seeking a minimum of $14.4 million in relief over a disputed power supply contract.