Chinese EV makers eye Southeast Asia as competition escalates
Chinese electric vehicle (EV) makers are making a foray into Southeast Asia, an untapped market with few established players, as competition ramps up at home in China. BYD, Great Wall Motor, Hozon and Aiways have all been delivering EVs in countries such as Thailand, with the aim of gaining a foothold in these markets where […]
COP27: Thailand supports claims for loss and damage, but awaits progress on past finance promises
SHARM EL-SHEIKH, Egypt: Thailand supports claims for climate change loss and damage but wants developed countries to first cough up promised funds for poorer nations to address climate impacts, according to the country’s environment minister.
Indonesia, Turkey ink pact to make electric buses, build toll road
Jakarta (ANTARA) – Indonesia and Turkey signed several strategic government-to-government and two business-to-business agreements on Monday. “In accordance with the President’s directives, there are several important agreements between the business world (of the two countries) that we have so far encouraged and now, it has entered the final process. But only two agreements are ready […]
Foxconn JV breaks ground for new EV plant in Thailand
Horizon Plus, a joint venture between Taiwan-based Foxconn Technology Group and Thailand’s state-run energy group PTT, broke ground recently for a new electric vehicle (EV) production base in Thailand.
G7+ Raises US$20bn to Help Indonesia’s Coal Plants Retirement Program
TEMPO.CO, Jakarta – A coalition of G7+ members has agreed to help Indonesia fast-track its energy transition program by raising US$20 billion (around Rp311 trillion) over the next three to five years, through Indonesia Just Energy Transition Partnership (JETP). The partnership included efforts to shut down coal-fired power plants early and increase the use of renewable energy sources.
Ready to support Indonesia’s energy transition: World Bank
Jakarta (ANTARA) – Managing Director of Operations at World Bank Axel van Trotsenburg expressed his support for Indonesia’s energy transition during a meeting with Coordinating Minister for Economic Affairs Airlangga Hartarto on Tuesday, held on the sidelines of the Business 20 (B20) Summit in Bali.
PGE to increase GPP capacity in South Sumatra for NZE
Jakarta (ANTARA) – PT Pertamina Geothermal Energy (PGE) expressed readiness to increase the geothermal power plant (GPP) capacity in South Sumatra in a bid to support the realization of net zero emission (NZE) in Indonesia.
Renewable energy partnership for G Capital, TNB
PETALING JAYA: G Capital Bhd’s 74.64%-owned subsidiary, Kundur Hydro R E Sdn Bhd (KHRE) is in a renewable energy power purchase agreement (Reppa) with Tenaga Nasional Bhd (TNB).
Intl group led by US, Japan to help Indonesia raise USD 20bn for energy transition
The government of Indonesia and a group of international partners that includes the European Union (EU) are uniting to help the archipelagic state raise at least USD 20 billion (EUR 19.38bn) under a newly-announced Just Energy Transition Partnership (JETP).
Thai cabinet extends diesel tax cut to ease energy costs – finmin
BANGKOK, Nov 15 (Reuters) – Thailand’s cabinet on Tuesday agreed to extend an excise tax cut on diesel for another two months to Jan. 20 next year, due to high oil prices, Finance Minister Arkhom Termpittayapaisith said.