Gulf to co-develop Mekong River hydropower project
Gulf Energy Development Plc has teamed up with a Chinese state enterprise to co-develop the 770-megawatt Pak Lay hydropower project in Laos on the Mekong River. The plant, which is based on run-of-the-river hydroelectric technology, should not impact water volume in the river, according to Gulf’s statement.
Thailand won’t cut diesel excise tax to reduce retail prices
The government said the state Oil Fund still has efficient funding to subsidize diesel’s retail prices until March 31 and there is no need to cut the diesel’s excise tax yet. Minister of Energy SupattanapongPunmeechaow said the government has not yet considered additional borrowing for the state Oil Fund because it has enough funding to cap the diesel price […]
Singapore, Colombia sign MOU to boost trade, energy and tech collaboration
Businesses in Singapore and Colombia will have more opportunities to collaborate in areas such as technology and innovation, with a new memorandum of understanding (MOU) inked between the two countries.
HSBC commits $12 bln green financing for Vietnam
HSBC has announced it will arrange financing of up to $12 billion to support Vietnam’s goal of becoming a ‘net-zero’ emissions economy by 2050. From now until 2030, it would mobilize funds from the local and international financial markets to provide a range of solutions for the government and corporate sector to achieve the climate […]
Singapore to pump $12.4 billion in Indonesia’s green economy, logistics port hub
Singapore will be investing US$9.2 billion (S$12.4 billion) to support green investment and build a logistics port hub in Indonesia, President Joko Widodo said on Tuesday (Jan 25).
SK Group invests in Vietnam solar energy
SK Ecoplant, an affiliate of SK Group – the third largest conglomerate in South Korea, has formed a $200-million joint venture for rooftop solar energy development in Vietnam. The joint venture between SK Ecoplant and Nami Solar, a subsidiary of Nami Energy in Ho Chi Minh City, will develop a 250-MWp rooftop solar power project […]
Cambodia to promote commercial biogas technologies
The Credit Guarantee Corporation of Cambodia (CGCC) has partnered with the Biogas Technology and Information Center (BTIC) to promote the investment of commercial biogas technologies.
Gulf moves into Chiang Mai energy
Gulf Energy Development Plc, Thailand’s largest private power producer by capital market, has acquired Chiang Mai Waste To Energy Co to operate an electricity generation facility as it aims to boost the renewable energy business and tackle increasing amounts of garbage.
Thailand’s Banpu to buy 50 MW of solar parks in Vietnam
Thai energy company Banpu PCL (BKK:BANPU) today said it has agreed to acquire the companies holding a 50-MW portfolio of two solar parks in Vietnam in a deal worth USD 26.7 million (EUR 23.6m).
CKPower to double renewable energy generating capacity in three years
CK Power Plc (CKP), one of the region’s largest producers of renewables-based electricity, has announced its plan to more than double its output in the next three years, reflecting the rapid global shift to renewables-based electricity.