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Meralco power rates to go up this February

MANILA, Philippines — Customers of Manila Electric Co. (Meralco) will see an increase in electricity bills this month due to higher spot market prices and as capacity fees from power generators start to normalize. Meralco said there would be a P0.5682 per kilowatt-hour increase in overall electricity rates from P9.8385 to P10.4067 per kwh this […]

Angkor Gold widens exploration interests in Cambodia to oil and gas

The Kingdom of Cambodia is continuing to upgrade the country’s infrastructure to attract business and industry investment. This includes upgraded highway conditions, greater access to hydro power and the most important from an investor point of view, adopting anti-corruption laws. The improvements extended to the establishment of the Cambodian Association for Mining and Exploration Companies […]

Negros Oriental declares Renewable Energy Day

NEGROS Oriental is the first province in the Philippines to institutionalize unequivocal support and commitment to renewable energy sources through an annual commemorative local government event. Governor Roel Degamo recently signed Executive Order No. 22 to 18 declaring Renewable Energy Day in Negros Oriental every fifth day of March. This follows a similarly groundbreaking executive […]

Open Electricity Market roll-out: 18 per cent of Zone 2 consumers switch energy retailers

SINGAPORE – Nearly one in five consumers eligible to switch electricity retailer from Jan 1 has chosen to do so, said the Energy Market Authority (EMA). A total of 18 per cent of consumers in Zone 2 estates such as Bishan, Sengkang and Punggol, have chosen to buy electricity from a retailer instead of remaining with […]

Cenergi SEA eyes government lighting retrofit project

KUALA LUMPUR: The plan to retrofit 50 government buildings with energy-efficient lighting and appliances by this year is an exciting prospect for Cenergi SEA Sdn Bhd, the renewable energy company wholly owned by Khazanah Nasional Bhd. “We are waiting for this project to be launched. We are hoping to participate in the tender process,” its […]

Indonesia’s coal price reference set at $91.8 per ton in February

The government has set Indonesia’s coal price reference (HBA) for February at US$91.8 per ton, 0.6 percent lower than the reference in January of $92.41 per ton, in response to China and India’s ongoing protection policies. “Both countries will intensify the use of domestic coal,” Energy and Mineral Resources Ministry’s spokesperson Agung Pribadi said in […]

Indonesian institutions struggle to get funding for green energy projects

Securing funding for environmentally friendly projects has not been a straightforward process for Indonesian companies and organizations, many of which are unaware that certain standards need to be fulfilled before applying for funding for green energy projects at international and multilateral organizations. The standards are considered basic: Write a clear proposal and comply with the […]

Petrovietnam reports 26 percent hike in revenues last year

The state-run giant (Petrovietnam or PVN) reported revenues of VND626.8 trillion ($26.92 billion), 18 percent higher than the target and a year-on-year rise of 26 percent. As of December 10 it had achieved its domestic crude oil production target of 11.31 million tons. Total oil and gas output reached 23.98 million tons (gas converted into […]

Angkor Pursuing Oil and Gas Opportunities In Cambodia

TORONTO, Feb. 06, 2019 (GLOBE NEWSWIRE) — Angkor Gold Corp. (TSXV: ANK and OTC:ANKOF) (“Angkor” or “the Company”) CEO Stephen Burega is pleased to announce that Angkor is actively pursuing oil and gas opportunities in Cambodia in addition to its ongoing mineral exploration projects. “Angkor is currently in discussions with Cambodia’s oil and gas authorities […]

ADB, IFC invest in Ayala energy unit’s green bonds

AC Energy, Inc. has attracted two of the world’s biggest development lenders International Finance Corp. (IFC) and the Asian Development Bank (ADB) to the Ayala-led company’s multi-million dollar green bond offering that will fund regional renewable energy projects, company officials said. “In total now, we have $410 million from the green bond offer,” Eric T. […]