Vietnam to open electricity wholesale market next year
Deputy Minister of Industry and Trade Hoang Quoc Vuong spoke about the development of the marketplace at a recent meeting in Ha Noi. Vuong said the development of a competitive electricity market is a long-term plan for Viet Nam’s electricity sector as mandated in the 2004 Electricity Law. The details of the plan were specified […]
World Oil Prices Help Vietnam Expand an Already Fast-Growing Economy
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 […]
PH energy firms ready to adopt blockchain technology
The blockchain business is expected to explode in value to $2 trillion in 2030 from $2.5 billion in 2017 as the technology’s momentum gathers pace in various industries and as it deepens roots in countries like the Philippines. According to research firm IHS Markit, the outlook is consistent along with the different sectors where blockchain […]
Co-ops formed to seek solar energy franchise
Solar energy proponents are forming cooperatives with plans to seek their own legislative franchises for minigrids the way Solar Para sa Bayan Corp. (SPSB) is already doing. Some of them have formed the Solar Energy Association of the Philippines (SEAP) to help hasten the formation of such cooperatives, initially with three that were promptly started […]
Kalinga geothermal project progresses to exploration drilling
CITY OF TABUK, Kalinga, Oct. 15 (PIA) – – Geothermal exploration in the province is progressing with drilling targeted to start next year. Kalinga Geothermal Project, a consortium of Aragorn Power and Energy Corporation, Guidance Management Corporation and Allfirst Kalinga Ltd., is given a two-year extension for its exploration permit. It is now on Phase […]
AC Energy adds a further 80MW of solar projects in Vietnam
Renewables firm AC Energy, a wholly owned subsidiary of Philippines-based industrial firm, Ayala Corporation has announced a further 80MW of solar projects in Vietnam, soon after detailing a 300MW pipeline in the country. AC Energy said that its joint venture with AMI Renewables Energy would include a total of 80MW of PV power plants in […]
PM: China to import 500,000 tonnes more palm oil from Malaysia
KUALA LUMPUR (Oct 15): China has expressed its intention to buy another 500,000 tonnes of palm oil from Malaysia provided the prices are competitive, Prime Minister Tun Dr Mahathir Mohamad says today. This follows his official visit to China in August, he added. “China has stated that it is prepared to import an additional 500,000 […]
First waste-to-energy plant in Can Tho begins trial operation
Can Tho (VNA) – The first waste-to-energy plant in the Mekong Delta city of Can Tho began trial operation on October 15. The plant is invested by China’s Everbright International and operated by the Can Tho Everbright Environmental Protection Holdings Ltd (EB Can Tho). Construction of the plant started on June 30, 2018. The project […]
Blockchain to play an important role in Asia’s energy sector transformation
The eventual liberalization of many electricity markets in Asia is opening up investment opportunities and new business models for consumers, producers and authorities. The energy sector in Asia is on the brink of a complete overhaul. According to the latest projections by Bloomberg New Energy Finance, Asia is set to receive almost 50% of the […]
Thai wind hits operational stride
Gunkul Engineering company Korat Wind Energy has passed its three-month completion review at the 50MW Mittraphap wind farm in Thailand. The project is comprised of 20 turbines in Nakhon Ratchasima and sells power to the Electrical Generating Authority of Thailand via a long-term deal. Mott MacDonald conducted technical due diligence during financing, which included reviewing […]