AC Energy invests P570 million in 300 MW diesel power plant in Rizal
MANILA, Philippines — AC Energy Philippines Inc. (ACEP) has invested P570 million in a 300-megawatt (MW) diesel power plant in Rizal. In a disclosure to the Philippine Stock Exchange yesterday, ACEP said it signed a subscription agreement with Ingrid Power Holdings Inc. Under the agreement, ACEP subscribed to 50,000 Ingrid common shares worth P4.9 million […]
United States shows interest in energy sector
Ambassador Patrick Murphy has expressed willingness to push private investors in the United States to work with the Kingdom’s oil and gas sector, so long as Cambodia is keen to coordinate with them.
ASEAN countries could lose out geopolitically in the energy transition
The energy transition has given impetus to a new geopolitical literature. While the post-World War II geopolitical literature was centered on competition over petroleum resources
Chevron returns to Australia fuel retail with $288 million Puma Energy asset buy
MELBOURNE (Reuters) – Chevron Corp’s Australian unit on Thursday said it would buy the domestic commercial and retail fuels business of Puma Energy for A$425 million ($288 million), marking a return to the country’s fuel distribution market.
How the scramble for sand is destroying the Mekong
A crisis is engulfing the Mekong River, its banks are collapsing and half a million people are at risk of losing their homes. The entire ecosystem of this South East Asian river is under threat, all because of the world’s insatiable demand for sand. Extracted from the bed of this giant river in Cambodia and […]
Coal-fired power plant breaks ground
Construction of two 350-megawatt coal-fired power units broke ground yesterday. The power generated is scheduled to be linked to the national grid in 2022.
Indonesia lures Sumitomo to its geothermal power sources
TOKYO — Sumitomo Corp. has joined geothermal power projects in Indonesia designed to eventually generate 400 megawatts worth of electricity,
Vietnam to stop licensing large-scale solar projects
Vietnam’s Ministry of Industry and Trade has issued Circular 9608/BCT-DL, in which it urges regional governments throughout the country and state-owned utility Electricity of Vietnam (EVN) to suspend new approvals for large-scale PV projects under the FIT scheme. According to the Vietnam Clean Energy Association (VCEA), the government has already approved 135 projects with a […]
Wind energy key to Vietnam’s renewable power supply
According to the Vietnam Energy Association (VEA), wind power can replace coal and gas thermal power, while being capable of generating power for 24 hours a day. Therefore, developing wind power, especially offshore wind projects, will be the key to replace fossil energy that is currently used the most. Vietnam has an estimated total wind […]
Blockchain payment network Terra expands to Singapore with former Uber exec in leadership
Terra, blockchain payment network that offers a price-stable cryptocurrency, has marked its expansion to Singapore with the appointment of Rahul Abrol –Uber’s former APAC Head of Strategy– as Head of International and Strategy. The new venture in Singapore will be its Southeast Asia hub; it will also hire locals to drive localisation. It plans to […]