Govt Aims to Produce 1 Mln Barrels of Crude Oil as Energy Demand Remains High
TEMPO.CO, Bali – Coordinating Minister of Maritime Affairs and Investments Luhut Pandjaitan at the 3rd International Convention on Indonesian Upstream Oil and Gas 2022 held in Bali said Indonesia’s energy consumption remains high, especially for the use of crude oil. He said this has pushed the government to aim on producing one million barrels of […]
Yangon and rest of country facing more power cuts
According to a statement from the Ministry of Electricity and Energy, it will not be able to meet Yangon’s electricity demands this summer and it is having to ration electricity.
PLN to Build Tanah Baru Power Plant, Gets the Lowest Bid in History
TEMPO.CO, Jakarta – Total Eren and PT Adaro Power have won the tender for the development of the Tanah Laut Wind Power Plant (PLTB) in South Kalimantan with a capacity of 70 MW. The consortium won the tender after offering the lowest bid.
Vietnam Electricity reports losses of $635 mln
Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor. EVN said fluctuations in the world prices of coal, oil and gas since the beginning of this year have caused its production costs and purchase prices of electricity it bought from other power […]
6 power plants on outage; brownouts expected in Luzon grid
MANILA – Rotational brownouts are expected in Luzon between 5 p.m. and 6 p.m. on Monday as the National Grid Corporation of the Philippines (NGCP) declared the grid under red alert status during this period.
Philippine leader hopes court will reconsider Manila power deal
MANILA, Nov 27 (Reuters) – Philippine President Ferdinand Marcos Jr. hopes the country’s Court of Appeals will reconsider a decision that raises the possibility of electricity rate hikes in the capital, the Office of the Press Secretary said in a statement on Sunday.
TNB to ride on rising electricity demand
PETALING JAYA: There is further upside for Tenaga Nasional Bhd’s (TNB) share price amid an improving operating environment for the utility giant, say analysts. Rising electricity demand in Malaysia in tandem with the recovery of the country’s economy will continue to bode well for TNB.
PLN Says Indonesia’s Electricity Consumption Lower than Neighboring Nations
TEMPO.CO, Jakarta – Executive vice president of commercial management at state-run electricity company PLN, Muhammad Munif Budiman, said Indonesia’s electricity consumption is still low compared to neighboring countries. Its consumption per capita only reached around 1,150 kWh.
Philippines regulators consider energy storage ownership rules and definition – report
The Philippines Department of Energy (DOE) and regulators are considering changing rules governing ownership of grid-connected energy storage systems. The current classification of energy storage as generation could be hindering investment in an asset class the Philippines needs to see more of to ensure stable and cost-effective operation of its electricity networks.
Indonesia state power company in energy storage, green hydrogen MoU with ACWA Power
ACWA Power and a state-owned power company in Indonesia will jointly investigate potential energy storage and green hydrogen projects in the Southeast Asian country. Saudi Arabia-headquartered renewable energy and infrastructure developer and investor ACWA Power said last week that a Memorandum of Understanding (MoU) has been signed with PT Perusahaan Listrik Negara (PLN), Indonesia’s monopoly […]