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AsiaElec covers utility-scale power developments and policy across all main industry sectors, including coal and gas-fired thermal power, nuclear, renewables, hydro, combined heat and power (CHP), transmission, grid and storage. It also covers the closely interlinked coal-mining sector.
AsiaElec reports on project investment and approval, providing news and intelligence on key developments. This is ideal, not only for investors, developers and competitors, but for service, infrastructure and construction companies, who benefit from knowing where best to make their next key move in a rapidly developing market.
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Medco takes 10% stake in Indonesia's East Kalimantan blocks
Indonesia's PT Medco Energi Internasional (IDX: MEDC) has agreed with Italian energy group Eni to acquire a 10% participating interest in four oil and gas blocks in the Kutai Basin of East Kalimantan.
Philippines orders Meralco to refund customers $42mn
The Philippines' Energy Regulatory Commission (ERC) ordered Manila Electric Company (PSE: MER) to return about PHP2.64bn ($46mn) in excess charges to its customers.
Japan's Mihama No. 3 reactor restarts after water leak
Kansai Electric Power Co (TYO: 9503) has brought the No. 3 reactor at its Mihama nuclear plant in central Japan back online.
Suzlon to build three AI-powered blade factories in India
Indian wind turbine maker Suzlon Group (NSE: SUZLON) will spend about INR5.5bn ($62mn) on three artificial intelligence-enabled blade factories in Gujarat, Karnataka and Tamil Nadu.
Indian firms embrace captive renewable power to cut costs
Indian companies are building or contracting their own renewable power capacity to secure electricity supply, cut reliance on the grid and meet emissions targets.
Coal India denies shortfall in NTPC fuel supplies
Coal India Ltd (NSE: COALINDIA) said it delivered more coal to NTPC Ltd (NSE: NTPC) than its contracts require, rejecting any supply gap even as several of the power producer's plants ran short of fuel.
South Korea battery ETFs surge on AI data centre demand
Exchange-traded funds (ETFs) tied to secondary battery makers took eight of the 10 top spots on the South Korean stock market in October.
South Korea's lead over China in LNG carriers narrows
China has cut South Korea's lead in orders for large liquefied natural gas (LNG) carriers to fewer than 10 vessels this year.
Hyundai E&C joins Westinghouse on Netherlands nuclear design
Westinghouse has contracted South Korea's Hyundai E&C (KRX: 000720) to carry out part of the front-end engineering design (FEED 1) studies for two planned nuclear power plants in the Netherlands.
China connects Russian-built Tianwan 7 reactor to grid
Unit 7 at China's Tianwan nuclear power plant delivered its first electricity to the grid.
Philippines eyes $430mn investment in microgrid auction
The Philippine Department of Energy (DOE) expects its microgrid auction to attract as much as PHP27bn ($430mn) in investment and connect more than 100,000 remote households to electricity.
Hyosung opens South Korea's first 2GW HVDC test facility
Hyosung Heavy Industries (KRX: 298040) has built a facility to test the performance of a 2-gigawatt high-voltage direct current (HVDC) controller, the first in South Korea to use domestic technology.
Bangladesh approves 442-MW solar plant on former coal site
Bangladesh has approved a $230mn solar power project at Rampal, on land originally earmarked for expanding a coal-fired power station, as the country seeks to diversify its electricity mix and reduce dependence on imported fossil fuels.
Pakistan’s solar boom reshapes power market
Pakistan’s solar power industry has undergone a quiet revolution. The country’s solar energy capacity, as reported by various sources, likely does not reflect the full deployment of the technology.
Afghanistan, Iran discuss 2,000-MW power import deal
Afghanistan and Iran have discussed a plan for Iran to export about 2,000 megawatts of electricity to its eastern neighbour.
Vietnam to split EVN's grid and retail operations
Vietnam is preparing to separate power transmission, distribution and retail from state utility Vietnam Electricity (EVN) in a phased overhaul of the electricity sector.
Tokyo Gas acquires AGP to expand LNG network in Indonesia
Japan's Tokyo Gas (TYO: 9531) has acquired all shares in PT AGP Indonesia Utama, a developer of liquefied natural gas (LNG) infrastructure, as it moves to set up an inter-island LNG supply chain in eastern Indonesia.
Philippines lands floating solar factory and investment pledges
The Philippine Board of Investments (BOI) signed a letter of intent with Northman Philippines and Solarion Energy to grow the country's floating solar industry.
Pangilinan buys more Meralco shares from San Miguel in Philippines
Philippine tycoon Manuel V. Pangilinan has agreed to buy about 3.77mn shares of Manila Electric Co. (PSE: MER) from San Miguel Corp.'s power unit for PHP2.19bn .
LG Energy Solution signs lithium deal with Canada's Elevra
LG Energy Solution (KRX: 373220), South Korea's largest battery maker, has agreed to a long-term deal to buy lithium concentrate from Canada's Elevra Lithium.
India's battery storage demand to grow sevenfold by 2032
India will need 236.22 GWh of battery energy storage system (BESS) capacity by the 2031-32 fiscal year, a nearly seven-fold increase.
Bangladesh approves $3.3bn non-concessional loans for energy
Bangladesh has approved $3.3bn in non-concessional foreign borrowing to pay for fuel oil and liquefied natural gas (LNG) imports and to upgrade its electricity distribution network.
PV Gas aligns with partners on Vietnam gas supply
Vietnamese state gas distributor PV Gas (HOSE: GAS) has held talks with PetroVietnam Exploration Production Corporation (PVEP) and Vietsovpetro to line up new gas supplies and secure enough room in its pipeline network to take them.
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