A two-day meeting of 21st Asean-India Senior Officials concluded here on Friday after they discussed ways to impart impetus to connectivity and deepen cooperation on financial matters. The meeting was co-chaired by Vijay Thakur Singh, Senior Officials’ Meeting Leader (SOM) and Secretary (East) in the External Affairs Ministry and Busaya Mathelin, SOM Leader and Permanent […]

National Grid Corp. of the Philippines (NGCP), the operator of the system, declared the red alert from 10 a.m. to 4 p.m., which meant demand might exceed available generating capacity during those hours. NGCP warned of rolling brownouts, particularly in areas serviced by Manila Electric Co. (Meralco), Abra Electric Cooperative and Peninsula Electric Cooperative. Capacity […]

KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed its corporate credit rating on Tenaga Nasional Bhdimage: https://cdn.thestar.com.my/Themes/img/chart.png (TNB) at AAA and its sukuk rating on the power giant’s RM2bil Al-Bai’ Bithaman Ajil Bonds at AAAIS. It said on Friday the ratings outlook was stable. TNB’s ratings benefit from a two-notch uplift to reflect MARC’s assessment […]

Phu Yen (VNS/VNA) – More than 10,000 sugarcane–farm households in the central province of Phu Yen are earning higher profits thanks to the use of bagasse from a sugar factory to produce electricity. The factory owned by KCP Vietnam Industries Limited (KCP VIL) has bought sugarcane from farmers in the province at a price 100,000 VND (4.3 USD) per tonne higher than the […]

Washington DC (VNA) – The US-ASEAN Business Council (USABC) will remain a reliable partner of Vietnam, affirmed USABC President and CEO Alexander C. Feldman at his working session with Minister-Chairman of the Vietnamese Government Office Mai Tien Dung in Washington DC on April 11 (local time). Feldman said he is interested in Vietnam’s role as […]

The agreement was signed yesterday by Deputy Minister of Energy and Mines, Mr Thongphat Inthavong, and IFC Manager for Infrastructure and Natural Resources, East Asia and the Pacific, Mr Lubomir Varbanov. The Memorandum of Understanding (MOU) aims to strengthen and extend the country’s energy sector by mobilising private investment in transmission infrastructure. This will also […]

MANILA, Philippines — Renewable energy developer Sabang Renewable Energy Corp. (SREC) will start providing round the clock power to a town in Puerto Princesa, Palawan once it completes its first hybrid-powered micro-grid next month. SREC—composed of Singapore-based WEnergy Global, Gigawatt Power Inc. and Vivant Corp.—is set to complete the construction of its hybrid mini-grid system […]

MANILA, Philippines — Aboitiz Power Corp. has inked a $300-million facility agreement with four foreign banks to partially finance its acquisition in AC Energy Inc.’s thermal platform. In a disclosure to the Philippine Stock Exchange yesterday, AboitizPower said it signed a facility agreement with DBS Bank Ltd., Mizuho Bank Ltd., MUFG Bank Ltd., and Standard […]

MANILA — The Philippines is not expected to undergo a power crisis anytime soon because the potential causes of problems, as well as their remedies, have already been identified. This was stressed by Department of Energy (DOE) Undersecretary Felix William B. Fuentebella in a briefing Thursday. “Whatever crisis the Philippines might be hit with, we […]

Dow (Midland, Mich.; www.dow.com) signed an agreement with Petronas Chemicals Glycols, a subsidiary of the petrochemical arm of Petronas and Malaysia’s leading chemicals producer, Petronas Chemicals Group Berhad (www.petronaschemicals.com.my), to collaborate on a carbon project at Petronas world-scale ethylene oxide (“EO”) production facility in support of the Dow- International Olympic Committee’s (IOC) Official Carbon Partnership. […]