ERC poised to reconfirm Glow ruling
PTT’s Global Power Synergy wants to obtain Engie Group’s Glow Energy Plc, but regulators have turned down the proposal on anti-trust grounds. The Energy Regulatory Commission (ERC) is likely to adhere to its recent resolution to derail a takeover effort made by PTT’s unit Global Power Synergy Plc (GPSC) for Glow Energy Plc. ERC chairman […]
Myanmar energy firm plans $35m investment
DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]
ADB invests $155 million in Thai green bonds
The Asian Development Bank (ADB) plans to invest 5 billion Thai baht (US$155 million) in Thailand-based B.Grimm Power Public Company Ltd via five- and seven-year green bonds. Reportedly, the bonds are the first certified climate bonds issued in the country. According to the bank, the proceeds have been earmarked for nine operational solar PV plants […]
S’wak set to achieve 97 pct electricity coverage by 2020
KUCHING: Sarawak is well on its way to achieve 97 per cent electricity coverage by 2020 with the RM2.37 billion special allocation in the State Budget 2019. In pointing this out, Assistant Minister of Rural Electricity Datuk Dr Abdul Rahman Junaidi said the electricity coverage in Sarawak currently stood at 91 per cent. “About nine […]
Indonesia Commits to Low Carbon Development and a Green Economy at COP24
KATOWICE, Poland, Dec 11 2018 (IPS) – Although Indonesia has attained decent economic growth of over five percent in the last decade, in order to ensure sustainable growth in the future the switch to renewable energy (RE) will be critical, says the country’s government. “If we don’t focus on low carbon development, we cannot continue […]
Ayala wants to become bigger RE player in Phl
MANILA, Philippines — Ayala Corp., the country’s oldest conglomerate, is bent on aggressively growing its renewable energy portfolio to become an even bigger RE player in the country and beyond, its president and COO Fernando Zobel de Ayala told The STAR. In an email interview, Zobel said the company’s renewable energy investments have been growing fast. Thus, the […]
Blockchain gaining ground in Southeast Asia
20 years ago, no one could have accurately predicted the huge impact that inventions like the smartphone and the World Wide Web would have on humankind. As technology advances at a breakneck pace, the same could be said about blockchain technology. It’s a common misconception to conflate blockchain with cryptocurrencies like Bitcoin, Ethereum and Litecoin. […]
Low carbon electricity generation, carbon pricing could reduce emissions in Asean: MIT report
KATOWICE, Poland – The ongoing United Nations (UN) climate change talks in Poland have emphasised the need for the world to drastically reduce its emissions to avoid the worst impacts of climate change, with many nations arguing that both developing and developed countries should bear the responsibility of doing so. But how can rapidly developing […]
Carbon shift still not a threat to coal-using firms’ credit worthiness
The drive toward carbon mitigation and away from fossil fuels is expected to have a gradual effect on coal-using companies and is not a significant risk on their credit worthiness, according to Moody’s Investor Service. However, Moody’s, in its Power Asia 2019 outlook report, said companies that operate coal-fired power plants would see their cash […]
Singapore ranks fifth in total green office space certifications
It lagged behind Beijing and Sydney with only around 13 million sqft of certified green space. Singapore came in fifth place across the six major gateway cities in Asia Pacific (APAC) analysed in terms of the largest volume of green office space with approximately 13 million sqft, according to a report by CBRE Research. Shanghai […]