Lao power operator to issue Thai bonds

Posted on May 31, 2018. Asian News.

Source: http://www.nationmultimedia.com LAOS-BASED EDL-Generation Plc (EDL-Gen) aims to issue a baht-denominated bond worth US$550 million (Bt17.5 billion) under plans to tap the Thai securities market in the third quarter of this year, the company’s deputy managing director (CFO), Dr Bounsalong Southidara, said recently. He said that the company would use the proceeds from the bond… Read more »

B Grimm puts cash behind biggest solar plant in region

Posted on May 31, 2018. Asian News.

Source: http://www.nationmultimedia.com B GRIMM Power Plc plans to sign a joint venture agreement with Vietnamese conglomerate Xuan Cau Co Ltd for the development in that country of Southeast Asia’s biggest solar energy plant. B Grimm Power president Preeyanart Soontornwata said the total investment for the plant – with a planned generating capacity of 420 megawatts –… Read more »

China introduces new guidelines for wasted energy

Posted on May 29, 2018. Asian News.

Source: https://www.devdiscourse.com China’s energy regulator has set the limit of 5 percent for new wind power projects for wasted energy. China has ordered through its Energy Regulator that local authorities who have been taking care of electricity production need to take care of the amount of energy they are wasting during production. China’s energy regulator… Read more »

ADB to extend $40m project finance support to Vena Energy’s solar PV plant in Indonesia

Posted on May 29, 2018. Asian News.

Source: https://www.dealstreetasia.com The Asian Development Bank (ADB) on Thursday announced a project-finance assistance of about $40 million to Indonesia’s first utility-scale solar photovoltaic (PV) plant, developed by Vena Energy. The loan package is part of a two-phased portfolio financing totaling approximately $160 million for new renewable energy projects being developed by Vena Energy, formerly Equis Energy,… Read more »

Korea to set limits on operation of coal-fired power plants

Posted on May 25, 2018. Asian News.

Source: https://www.koreatimes.co.kr South Korea will adopt stronger regulations on aged coal-fired power plants and increase use of low-carbon fuels to reduce air pollution, the energy ministry said Wednesday. Paik Un-gyu, minister of trade, industry and energy, said the government will allow mayors and governors to set upper limits for the operation of power plants fueled… Read more »

Samoa making progress on renewable energy goal

Posted on May 25, 2018. Asian News.

Source: http://www.radionz.co.nz Samoa’s government says close to 60 percent of the country’s electricity supply is now being produced by renewable sources. It says three private companies are providing solar power, complementing input from the Electric Power Corporation, which uses hydro, solar and wind power generators. With the corporation driving towards a target of 100 percent renewable… Read more »

Aboitiz exploring energy opportunities in SE Asia

Posted on May 23, 2018. Asian News.

Source: http://www.manilatimes.net ABOITIZ Equity Ventures, Inc. (AEV) is exploring energy opportunities in Southeast Asia, a top official said on Monday. “We are continuing to look at developments both in Indonesia and Myanmar,” AEV President and Chief Executive Officer Erramon Aboitiz said in a press briefing in Makati. Aboitiz said they were also looking at some… Read more »

Citicore Power hikes solar-power capacity to 163 MW

Posted on May 23, 2018. Asian News.

Source: https://businessmirror.com.ph CITICORE Power Inc. (CPI) has ramped up its solar-power portfolio to 163 megawatts following the acquisition of five solar-power plants with 59.9 MW of capacity from Armstrong Asset Management Pte. Ltd. and its local codevelopers. CPI and Armstrong signed a share purchase agreement on May 17 for the acquisition of the five solar-power projects… Read more »

Indonesia committed to green development

Posted on May 22, 2018. Asian News.

Source: https://en.antaranews.com Singapore (ANTARA News) – Indonesia and other ASEAN member-states are ready to strengthen their commitment to green development based on the Sustainable Development Goals (SDGs) and the Paris Agreement. Under the Paris Agreement within the framework of the United Nations Framework Convention on Climate Change (UNFCCC), Indonesia has committed unconditionally to reducing greenhouse… Read more »

El Nido resort turns to crowdinvestors for solar power project

Posted on May 22, 2018. Asian News.

Source: http://business.inquirer.net A luxury eco-resort in El Nido, Palawan, has turned to crowdinvestors in Germany to raise about P30.8 million or 500,000 euros for its planned 175-kilowatt hybrid solar power system. Investors can start at 500 euros (about P31,000) but those who put in at least 10,000 euros ( P616,000) — at least the first… Read more »