ENERGY COMPANIES have counted the cost of the peso depreciation against the US dollar, prompting them to adopt measures to soften the impact on their finances, operations and investment decisions. “In the short-term operating perspective, you’d have to worry if the movement, the devaluation of the peso, has an impact on the growth rate of […]

DAVAO CITY — Energy officials said more investors are needed in the power supply sector, particularly for Mindanao, to meet the island’s projected 10,200-megawatt (MW) additional capacity requirement by 2040. Department of Energy (DoE) Assistant Secretary Redentor E. Delola, speaking at the 2018 Mindanao Energy Investment Forum held here Oct. 11, said that while a […]

In a bid to attract more investment to support the country’s economic growth, Indonesia recently issued a new regulation granting a 100 percent Corporate Income Tax (CIT) cut to new FDI-backed businesses. The government has further announced that the tax holiday will now be offered to new investors in all business sectors in the country. […]

The government wants to help the provinces of eastern Indonesia – in particular Papua, which has the lowest electrification rate in the country. Policymakers are in talks with the Asian Development Bank and seeking advice for implementation. The government of Indonesia – and the Asian Development Bank (ADB) – will implement a micro and mini-grid […]

Indonesia is seeking assistance from Finland to develop renewable energy, which is currently in its early stages. Energy and Mineral Resources Minister Ignasius Jonan said Indonesia had recently begun turning to renewable energy, adding that it would be a long-term project that Finland could help develop. “Finland has among the cheapest electricity in the Europe, […]

Bangkok: Thailand’s energy regulator on Thursday said it would block PTT Group’s multibillion-dollar acquisition of a company owned by French energy giant Engie on grounds that it could create a electricity monopoly in some areas. Engie signed a deal with Thai group Global Power Synergy Public Company (GPSC), part of state-owned PTT, in June to […]

THE Singapore unit of Globalfoundries has won the Best Practices in energy efficiency award this year at the EENP Awards for a project that involves switching from hot to cold water for post chemical de-ionised (DI) water rinse, which is a low carbon innovative process. In the wafer fabrication process, chemicals were used extensively to […]

THE second Outstanding Energy Manager of the Year award winner Pandurangan Siva started his career in Asahi Kasei Plastics Singapore (APS) in 2007 as a senior engineer in the engineering department. His first project was to conduct a plant-wide energy audit with grant support from the National Environment Agency (NEA). The following year he successfully […]

THE carbon tax to be introduced from next year is part of a national strategy to reduce carbon emissions in Singapore. It is expected to encourage businesses here to improve their energy efficiency, to become sustainable, and to reduce their operating costs in the process. The carbon tax is an important step to sustain the […]

BANGKOK — Japanese electric vehicle startup FOMM will spend 1 billion baht ($30.4 million) to set up in Thailand its first-ever production site, the company said Tuesday at a news conference here. Mass production is slated to begin around February for the venture’s FOMM One, an electric car that seats four people and can run 160 km […]