AsiaElec - Asia Power

COP31 co-presidents Turkey and Australia two of world’s worst coal culprits, shows report

Countries connected by supply chain responsible for over 75mn tonnes of CO₂ emissions since signing of 2015 Paris Agreement, analysis shows.

Malaysia budget likely to give targeted chip sector support

Philippines’ ERC restores $375mn to Napocor, hikes tariffs

Regulators cleared state-owned National Power Corp (Napocor) to recover PHP23.52bn ($375mn) in previously denied expenses from electricity users, clearing a decade-long backlog of 26 tariff applications.

China launches 100MW carbon dioxide power storage

China linked its first 100MW-class compressed carbon dioxide energy storage facility to the grid on October 2, marking a technological breakthrough for zero-carbon energy storage.

Vietnam starts Mekong Delta rice and biomass energy complex

Construction began in Vietnam's Can Tho City on October 3 on a rice processing complex with annual capacity of 500,000 tonnes and an attached biomass fuel supply centre.

Pakistan promises IMF sale of nine power distributors by 2027

Pakistan has told the International Monetary Fund it will sell nine state-owned electricity distribution companies by December 2027.

Vietnam's Nghi Son refinery posts first profit since 2018

Vietnam's Nghi Son Refinery and Petrochemical (NSRP) earned after-tax profit of nearly VND14tn ($530mn) in the first eight months of 2026.

Doosan signs $625mn deal to build Vietnam's O Mon 3 plant

A consortium led by South Korea's Doosan Enerbility has signed a KRW840bn ($625.40mn) contract with state-owned Petrovietnam to build the 1,155-megawatt O Mon 3 power plant in the Mekong Delta city of Can Tho.

Actis launches fourth India renewables platform

Actis has launched Leo Energies, its fourth renewable energy platform in India, with plans to build more than 3 GW of onshore wind, solar and battery storage capacity

Coal India raises September supplies 12.5% y/y amid higher power demand

State-run Coal India (CIL) increased coal supplies by 12.5% year-on-year to 61.20mn tonnes (mt) in September, as thermal power plants stepped up coal consumption to meet higher electricity demand

Gas Malaysia eyes 2026 decision on Kedah LNG terminal

Gas Malaysia Bhd (KL:GASMSIA) plans to take a final investment decision on its first regasification terminal in the second half of next year, with start-up targeted for the end of 2030.

China delivers BEST reactor site for fusion breakthrough

China delivered the project campus for its Burning Plasma Experimental Superconducting Tokamak (BEST) in Hefei, Anhui province.

US, South Korea sign $120bn nuclear power deal

Washington and Seoul signed a $120bn framework agreement to construct eight nuclear reactors across the US.

Hyundai Motor, Kia set historic US sales record

South Korea's LS Electric wins $133mn transformer contract

LS Electric (010120.KS) has secured a KRW180bn ($133mn) contract to supply ultra-high-voltage transformers to an unnamed US technology major.

South Korea group wins $618mn Vietnam power plant

A South Korean consortium led by Doosan Enerbility (034020.KS) has secured an KRW840bn ($618mn) contract to build a gas-fired combined-cycle power plant in Vietnam.

Indonesian solar makers redirect exports to domestic market after US tariffs

Indonesian solar panel manufacturers are redirecting output to the domestic market after the US imposed additional tariffs of up to 114% on their exports.

Petronas shuts Songkhla pipeline, warns of gas supply disruptions

Malaysian state energy company Petronas has temporarily shut down the Songkhla export pipeline after detecting a problem during a routine inspection.

Indonesia undecided on extending industrial LNG discount into 2027

Indonesia's Ministry of Energy and Mineral Resources has not begun discussing whether to extend the discounted liquefied natural gas price offered to industrial users beyond the end of this year.

Indonesia pivots downstreaming drive to EV batteries, storage

Indonesia is moving its mineral downstreaming programme into a second phase focused on electric vehicle battery manufacturing, battery energy storage systems and other high-value industries.

Mitsubishi invests JPY500bn to expand LNG Canada project

Mitsubishi Corp will invest about JPY500bn to expand production capacity at the LNG Canada project in western Canada.

Japan electricity bills hit record highs at all utilities

Electricity rates for October usage will reach record highs at all 10 of Japan's major power utilities after a government subsidy expired.

Meralco tenders 900 MW baseload power supply in Philippines

Manila Electric Company (Meralco, PSE: MER) has launched a competitive tender for 900 megawatts (MW) of baseload power supply under a 15-year contract, with deliveries due to start in 2031.

NTPC commissions 81-MW solar plant in India

India's state-run NTPC has commissioned 81.34 MW at the Kalasar Solar Energy Project in Bikaner, Rajasthan.

South Korea's Samsung invests $1bn in KKR AI venture Helix

Six Samsung affiliates are investing a combined $1bn in Helix Digital Infrastructure, an artificial intelligence infrastructure company set up by US investment firm KKR.

India's Inox Clean Energy files for $1.1bn IPO

India's Inox Clean Energy has filed draft papers for an initial public offering of up to INR100bn ($1.1bn).

TotalEnergies says Namibia, Mozambique projects to help hold output to 2035

TotalEnergies is positioning Namibia’s Venus and Mopane projects and further Mozambique LNG development within a broader post-2030 growth portfolio, while maintaining a production base of around 3mn boed through 2035.

China starts building second reactor at Bailong plant

China has started building the second reactor at the Bailong nuclear power plant in the Guangxi Zhuang Autonomous Region, with the first concrete poured for the unit's nuclear island at 18:27 on September 27.

Meralco unit breaks ground on Singapore hydrogen-ready power plant

Meralco PowerGen Corp (MGEN) has broken ground on a SGD1.2bn (about $938mn, PHP58.7bn) hydrogen-ready power plant on Singapore's Jurong Island.

Bukit Asam secures $333mn credit from Indonesian state banks

Indonesian coal miner PT Bukit Asam (IDX: PTBA) has obtained working capital financing facilities worth up to IDR6 trillion ($333mn) from two state-owned lenders

Indonesia coal-to-petrol plans stall on high investment costs

Indonesia has the technology to turn coal into petrol but the cost of building and running such plants remains the main obstacle to attracting private investors, the Indonesian Mining Professionals Association (Perhapi) said.

South Korea to lift renewable grid capacity to 171 GW

South Korea will expand the amount of renewable electricity its power grid can absorb by 2030 to 171 gigawatts (GW) from 119 GW on transmission standards.

POSCO pushes for private nuclear investment in South Korea

South Korean steelmaker POSCO is preparing to ask the government to allow private companies to fund nuclear power plants in exchange for long-term access to low-cost electricity.

Fauji Cement adds battery storage at Pakistan plants

Fauji Cement Company Limited has approved 50 megawatt-hours (MWh) of battery energy storage split between its two cement plants in Pakistan.

Chips need current as AI pushes Thailand, Southeast Asia toward small reactors

Bangkok has included two SMRs, with combined capacity of 600MW towards the end of its draft Power Development Plan 2026, marking a significant shift for a country that has discussed nuclear power for decades without building a commercial reactor.