The World Bank will provide Vietnam with $86.3 million to support the development of a commercial financing market for investing in industrial energy efficiency.

YANGON—To sustain economic growth, Myanmar needs to invest up to US$2 billion (3.06 trillion kyats) annually in its electricity sector, according to a World Bank report released on Tuesday. In the report, “Myanmar Economic Monitor: Building Reform Momentum”, the World Bank said Myanmar’s economic growth is expected to rise to 6.5 percent in fiscal 2018-19, […]

SINGAPORE – The World Bank Group is anticipating that financing flow in energy projects will be largely dominated by new projects in the liquefied natural gas (LNG) and renewable energy (RE) sectors in the near- to longer-term investment horizons. “LNG will remain to have a lot of space in energy financing as gas demand increases […]

Vietnam could potentially bring online up to 10GW of offshore wind by 2030, according to recommendations by the World Bank and the Danish Energy Agency.

Jakarta (VNA) – The World Bank (WB) has approved a 150 million USD loan for Indonesia to scale up investments in geothermal energy by reducing the risks of early-stage exploration. The loan is accompanied by 127.5 million USD in grants from the Green Climate Fund and the Clean Technology Fund, two institutions supporting climate-friendly development. Geothermal energy is expected […]

YANGON — Myanmar needs to invest twice as much and implement projects three times faster to address its rapidly growing demand for electricity, the World Bank said. The figures presented in its Myanmar Economic Monitor, a biannual report released on Tuesday, indicated that Myanmar’s electricity supply will further deteriorate without a steep increase in investment by […]

SINGAPORE (The Straits Times/ANN): Critical global issues such as climate change, job reskilling and food security will be up for discussion when the World Economic Forum (WEF) meets in Singapore later this year, the first time its key stakeholders will meet in person since the Covid-19 pandemic began early last year.

An increase in world oil prices is helping Vietnam earn money that will quicken its already fast economic growth and may help the country build new infrastructure. The only red light: higher fuel prices among Vietnam’s consumers. Vietnam, though not a major oil-producing nation like much of the Middle East, has counted energy-related commodities as […]

Sunseap Group is a solar energy system developer, owner, and operator in Singapore, with over 2000 megawatts (peak) of solar energy projects contracted across Asia. This week, Frank Phuan, co-founder and chief executive of Sunseap, told Reuters his company plans to build the world’s largest floating solar farm near the city of Batam in Indonesia, […]

Batam Indonesia Free Trade Zone Authority (BP Batam) has signed two MoUs to build the world’s largest floating solar power plant (PLTS) in Batam.