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Wise steps in investing in renewable energy sector in Vietnam

In April 2018 Gulf Energy Development Group of Thai energy tycoon Sarath Ratanavadi tied up with TTC Group to develop solar and offshore wind power plants. The plants include TTC No. 01 and TTC No.02 Solar Power Plant projects in the southern Tay Ninh Province, and a solar power and wind power plant each in […]

Singapore crowned fibre city champion

Singapore has topped the first ever ranking for fibre coverage in a city in Asia-Pacific. The smart nation boasts 93 per cent of fibre-to-the-home coverage, as well as 100 per cent 4G and 10,000 wi-fi hotspots.   The Fibre-to-the-Home (FTTH) Council Asia Pacific evaluated cities on fibre coverage as well as how extensive they are […]

DOE working to increase power reserves

MANILA, Philippines — The Department of Energy (DOE) is still working to increase the power grid’s contingency reserve from 15 percent to 25 percent to cover peak demand in the power system. DOE Undersecretary Jesus Cristino Posadas said yesterday this is necessary since peak demand “is growing annually in pace with economic growth between six […]

Sabah minister tells activists to have open mind over coal power plant

Opponents of coal-fired power stations have done a great disservice to the economy of Sabah, said Sabah Deputy Chief Minister Wilfred Madius Tangau. The state industrial development minister said those who opposed the proposed coal-fired power station in Lahad Datu years ago were now coming to see him to propose a similar power generation project […]

OCBC is Southeast Asia’s first bank to rule out funding new coal power plants

Singapore’s OCBC Bank is the first banking giant in Southeast Asia to rule out financing new coal-fired power plants. In an interview with Bloomberg on Wednesday, the bank’s chief executive Samuel Tsien said the company would no longer fund new coal-fired power plants in any country. “We hope that by doing this, we are encouraging […]

Envision & Thai Energy Giant sign MOU to collaborate on new energy and digital transformation

Envision & Thai Energy Giant sign MOU to collaborate on new energy and digital transformation Envision signed MOU with PTT Public Company Ltd to collaborate on multiple initiatives revolving around new energy and digital transformation. Headquartered in Bangkok, PTT is the largest conglomerate in Thailand, a fully integrated energy company which engages in oil and […]

Thai energy firm Bangchak invests in California’s EV battery firm

Thailand’s alternative energy giant Bangchak Corporation Pcl has invested an undisclosed amount in California-based innovative battery technology developer Enevate Corp, according to an announcement. The investment has been made through Bangchak Initiative and Innovation Center (BiiC), which earlier had said that it would allocate a budget of over 300 million baht ($9.5 million) to invest […]

OCBC says coal plants it’s financing in Vietnam will be its last

SINGAPORE • Oversea-Chinese Banking Corp Ltd (OCBC), South-East Asia’s second-largest lender, said two Vietnamese coal-fired power plants will be the last it finances as it increases funding for renewable projects. “We won’t do any new coal-fired power generation plants in any countries, except for the power projects that we are already in, or we have […]

Petronas to acquire renewable energy firm

PETALING JAYA: Petroliam Nasional Bhd (Petronas) will soon mark its international foray into renewable energy once it completes the acquisition of Amplus Energy Solutions Pte Ltd, better known as M+ later this month. The state-owned oil and gas (O&G) giant has entered into an agreement with I Squared Capital to acquire a 100% interest in […]

China’s pipeline project brings 24-hour electricity supply to Myanmar

A wharf on Made Island, the starting point of the China-Myanmar crude oil and gas pipeline, awaits giant oil tankers. Courtesy: China-Myanmar crude oil and gas pipeline project It was completely dark outside at night when this Global Times reporter visited Kyaukpyu county, Myanmar eight years ago. Now, the city has witnessed tremendous changes thanks […]