AC Energy’s Mindanao coal plant named project of national significance
MANILA, Philippines — The Mindanao coal-fired power plant owned by AC Energy Inc. has been named as among the country’s energy projects of national significance (EPNS). The Energy Investment Coordinating Council (EICC), led by the Department of Energy (DOE), has endorsed the 4×138-megawatt (MW) coal-fired power plant in Lanao del Norte in Mindanao owned by […]
Activists demand cheaper, public-focused power plan
An advocacy group is planning to ask the Energy Ministry to revise its Power Development Plan draft, which it says has failed to raise people’s awareness on energy saving and may ultimately burden consumers with high electricity charges. The call for a revision comes as Thailand gears up to launch its national Power Development Plan […]
Adaro expects to install first renewable power plant in 2020
Indonesia’s second largest coal producer PT Adaro Energy, through its subsidiary PT Adaro Power, plans to complete its first commercial renewable energy power plant with a battery capacity of 6.5 megawatts (MW) to electrify two islands in Central Sulawesi, Paku and Umbele Morowali. The renewable energy project is a joint venture with French electricity company […]
ADB and Gulf PD sign $180m deal to build 2.5GW power plant in Thailand
The Asian Development Bank (ADB) and Gulf PD Company (Gulf PD) have signed a $180m agreement to build and operate 2.5GW combined cycle gas turbine power plant in Thailand. The power plant will be located about 150km southeast of Bangkok in the Rojana Rayong 2 Industrial Park in Rayong Province in the country. Gulf PD […]
ADB backs clean power in Indonesia
The ADB has announced the first drawdown of funds under a $305m financing package for Indonesia’s largest combined-cycle gas turbine power plant. The project in Karawang, West Java, will be one of the first and largest projects in Indonesia to use liquefied natural gas (LNG) in a 1,760-megawatt power station. “ADB is a partner of […]
ADB boosts Cambodia’s energy with $7.6mln for solar park
A $7.64 million loan from the Asian Development Bank (ADB) will see an additional 100-megawatt (MW) of solar power added to the Cambodia National Solar Park Project (CNSPP), pushing investment to more than $18 million. In 2018 Cambodia’s total electricity capacity — generated and purchased — totalled 2,650-MW, a YoY increase of 15.29 per cent. […]
ADB funds first large-scale floating solar project in Vietnam
NDO – The Asia Development Bank (ADB) will provideDa Nhim – Ham Thuan – Da Mi Hydro Power JSC (DHD) a loan of US$37 million to install a 47.5MW peak floating photovoltaic (PV) solar power facility on the reservoir of DHD’s existing 175 MW Da Mi hydropower plant, following a signing ceremony in Hanoi on […]
ADB loans $7.6M for Solar Power Construction
The Asian Development Bank (ADB) on May 24 approved a $7.64 million loan to support the construction of a 100-megawatt (MW) solar power park in Cambodia to help in a contribute to the development of renewable energy and diversify the power supply that can improve the country’s competitiveness. ADB Principal Climate Change Specialist Mr. Pradeep Tharakan […]
ADB President reaffirms support for Malaysia during meeting with Dr M
Kuala Lumpur: Prime Minister Tun Dr Mahathir Mohamad and Asian Development Bank (ADB) President Takehiko Nakao held a discussion Friday on how the bank can support Malaysia in areas such as water, urban transport and renewable energy.This included the possibility of lending to help Malaysia incorporate more advanced technologies, diversify its project funding sources, and […]
ADB to finance first large-scale floating solar PV in hydro reservoir in Vietnam
The Asian Development Bank has signed a $37m loan agreement with Da Nhim–Ham Thuan–Da Mi Hydro Power Joint Stock Company to finance the installation of a 47.5 MW peak floating photovoltaic solar facility on the man-made reservoir of the existing 175 MW Da Mi hydropower plant. The project marks the first large-scale installation of floating […]