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Minister: 142,000 needy households missing out on electricity subsidy

KUALA LUMPUR, January 29 — Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin today said that there are 142,200 needy households that have yet to register for the federal electricity subsidy of RM40 monthly which started since January 1, this year. She said that many are unsure how to register themselves under […]

Renewable energy investment partnership targets projects in ASEAN

A new $60 million Singapore-based investment entity has been formed to pursue renewable energy projects in Southeast Asia, with projects in the Philippines, Indonesia and Myanmar first in line. To be based in Singapore, a trio of firms has announced the formation of CleanGrid Partners – a $60 million investment entity which will finance and […]

Vietnam’s Ca Tam Oil Field Starts Production

Vietsovpetro, a Vietnam-Russia oil joint venture, has started crude oil production at the Ca Tam field offshore southern Vietnam, Vietnamese state oil firm PetroVietnam said on Jan. 28. Initial production from Ca Tam, jointly developed by Vietsovpetro, PetroVietnam Exploration Production Corp. (PVEP) and Bitexco Group, is 1,630 tonnes per day, PetroVietnam said in a statement. […]

Oil firms to hike prices for 4th straight time on January 29

MANILA, Philippines – Fuel prices will once again rise on Tuesday, January 29, as global forces place pressure on the commodity. Shell, PTT Philippines, Total, Unioil, and Petro Gazz will jack up diesel prices by P0.55 per liter and gasoline by P0.20 per liter. Companies which carry kerosene will also increase its price by P0.40 […]

DoE reaffirms 100% electrification goal

“ELECTRICITY FOR ALL,” was Energy Secretary Alfonso G. Cusi’s brief response when asked about his main goal for the rest of his term. “Hundred per cent electrification,” he said in an interview a few days before the end of 2018. “The tasks have been given to the DUs (distribution utilities), the electric cooperatives, and all. […]

The future is green for Indonesia’s roads

Indonesia’s Ministry of Industry, Mr. Airlangga Hartarto, announced that the government has decided to open up its doors to investment in the manufacturing of electric vehicles. The decision was designed to boost green energy utilisation across the country and reduce reliance on imports of fossil fuels. The government has also recently strengthened its green vehicles […]

Petroleum firms set out cautious plans for 2019

HÀ NỘI — Plummeting oil prices in the fourth quarter of 2018 have negatively affected the production and business efficiency of enterprises. This has increased caution and forced them to set prudent plans for this year. PetroVietnam Oil Corporation (PV Oil), the second-largest petrol dealer in the country, plans to earn revenue of VNĐ49 trillion […]

Meralco targets completion of New Clark City network in time for November SEA Games

MANILA, Philippines — Manila Electric Co. (Meralco) is targeting to complete the initial part of its power distribution network in New Clark City by the first half in time for the Southeast Asian Games (SEA) in November. The consortium of Meralco, Marubeni Corp., Kansai Electric Power Co. Inc. and Chubu Electric Power Co. Inc. secured […]

Electricity supply disrupted for nearly 1.5 hours in parts of Singapore

SINGAPORE – A power outage that lasted about one and a half hours hit parts of Singapore on Saturday afternoon (Jan 26). Residents in Bishan, Toa Payoh and Shunfu reported that electricity in their homes was cut, and lifts and traffic lights were also affected. An update on electricity provider SP Group’s Facebook page at 3.19pm said that electricity […]

AC Energy raises $225 million from maiden green bonds

MANILA, Philippines — AC Energy Inc., the energy platform of the Ayala conglomerate, has successfully raised $225 million from its maiden green bond issuance which will bankroll its renewable energy portfolio expansion. The inaugural US dollar-denominated senior green bond issuance has a five-year tenor and a coupon of 4.75 percent per annum, priced at 99.451. […]