THE Philippine energy sector has come a long way in the last 10 years, ushering in an era of landmark policies and initiatives geared towards industry competitiveness and environmental sustainability. Over the past decade, the power sector has shifted from being highly dependent on fossil fuel to employing a more balanced energy mix with various […]
The Energy Ministry has announced 10 urgent action plans for 2020 to support living expenses for Thais, maintain the country’s energy security and become a regional leader in the sector. Energy Minister Sontirat Sontijirawong said the ministry has to carry out several missions next year to ensure dynamic growth in the economy. A new round […]
MANILA, Philippines — This year has put under the spotlight the need for the country to build more power plants within a three-year horizon to be able to ensure enough supply to meet the growing power demand in the coming years. As more power facilities get older, the reliability of existing power plants also dwindles […]
HÀ NỘI – The Refrigeration Electrical Engineering Corporation (REE) has asked to increase its stake at Vĩnh Sơn Sông Hinh Hydropower JSC to more than 50 per cent. REE has offered to buy 60 million shares of the hydropower firm, raising its ownership to 103.28 million shares. Transactions begin tomorrow via the stock market and […]
The Hanoitimes – PM Nguyen Xuan Phuc said Vietnam will facilitate Russian-invested oil and gas projects. Vietnam’s Prime Minister Nguyen Xuan Phuc on December 24 held a phone talk with his Russian counterpart Dmitry Medvedev to keep a close watch of cooperation activities, according to the Vietnamese Ministry of Foreign Affairs (MOFA).
NDO – Vietnam Electricity (EVN) should ensure there’s enough power for socio-economic development and avoid power shortages no matter any circumstances. Prime Minister Nguyen Xuan Phuc made the request while attending a conference in Hanoi on December 25 to review the EVN’s performance in 2019 and set tasks for 2020. According to a report presented […]
The Energy Ministry has decided to postpone the effective date for cutting retail prices for biodiesel B10 and gasohol E20 by one baht per litre from Wednesday to Thursday because the ministry’s buildings caught fire on Wednesday, rendering officials unable to conduct a meeting. The State Oil Fund Administrative Committee previously planned to approve this […]
SET-listed Energy Absolute (EA) remains committed to completing installation of 1,000 charging stations for electric vehicles (EVs) by 2020 despite postponing the time frame repeatedly.
THE Department of Energy (DoE) has issued a circular that will require half of the supply contracted as reserve power to be on a “firm” basis in which the grid operator has a binding agreement to source its requirement from a power generation plant. “Signed na ang AS (ancillary services) policy. Ipa-publish na lang namin […]
MANILA, Philippines – The Department of Energy (DOE) reminded oil companies to use up their old inventory first before slapping new taxes in 2020 to avoid facing criminal charges like large-scale estafa. Oil prices will rise again starting January 1, 2020, as the final tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) law […]