AsiaElec - Asia Power

Singapore firms plan energy efficiency spending despite cost hurdles

Nine out of 10 Singapore-listed companies intend to put more money into energy efficiency.

India’s Apcotex Industries to buy stake in solar producer

Apcotex Industries Limited (NSE:APCOTEXIND) (BSE:523694) has signed an agreement to take a small equity holding in a solar power producer, a step it says is meant to secure electricity for its own consumption

Singapore's Seatrium to convert five Karpowership power plants

Seatrium (SGX: 5E2) has won a contract to convert and integrate five Whale Class Powerships for Karpowership.

Swelect Energy to buy Rajasthan solar firm for 50MW captive plant

Swelect Energy Systems Limited (BSE:532051) (NSE:SWELECTES) is moving to widen its solar generation footprint in western India, approving the purchase of a start-up developer that intends to build a 50 MW group captive plant

Vingroup to build $500mn EV plant in Philippines

Vietnamese conglomerate Vingroup (HOSE: VIC) plans to spend $500mn on an electric vehicle (EV) factory in the Philippines.

Mahanagar Gas to study biogas projects in India

India's Mahanagar Gas (NSE: MGL) has agreed to study compressed biogas (CBG) projects in Maharashtra and Karnataka with waste-to-energy firm Organic Recycling Systems (ORSL).

India's Hero Future Energies plans $455mn green hydrogen push

KKR-backed Indian renewables developer Hero Future Energies (HFE) plans to invest INR40bn ($455mn) in green hydrogen projects.

Myanmar to import Russian LNG

The deal gives Russia a fresh outlet for its energy exports as Western sanctions and the war in Ukraine strain its finances.

Philippines LNG power costs could surge 143%, IEEFA warns

Rising fuel and equipment costs, combined with a weakening peso, could push the price of power produced from imported liquefied natural gas (LNG) in the Philippines up by 143% or more.

Beware the bear as Moscow woos Asia with oil and atoms

Asia provides Russia with opportunities to remain economically engaged even if the terms increasingly depend on what Asian partners themselves require.

India’s Powerica receives wind project letter of intent

Powerica (NSE: POWERICA) (BSE: 544744) received a letter of intent from Gujarat Urja Vikas Nigam for a 50 MW wind power project

South Korea faces cost risk on Alaska LNG project

A liquefied natural gas project in Alaska that Washington wants South Korea to help fund could cost far more than its developer projects.

India's coal power plants face critically low fuel stocks

Close to half of India's 191 coal-fired power stations are running on dangerously thin fuel reserves as electricity consumption climbs.

Bangladesh and Algeria sign hydrocarbons cooperation agreement

India's Adani Green posts 15% rise in quarterly profit

Adani Green Energy (NSE: ADANIGREEN) posted a 15% year-on-year increase in consolidated net profit to INR6.73bn (about $76mn) for the July to September quarter.

Laos approves three small solar plants in Bolikhamxay

Authorities in Laos's Bolikhamxay province signed investment agreements on October 15 for three solar power plants, each with a capacity of up to five megawatts (MW).

Fifteen years after Fukushima, Asia is learning to love the atom again

Bangladesh has a reactor running, Southeast Asia is shopping for small modular designs and Taiwan's anti-nuclear ruling party is preparing to switch one back on. The fear that followed March 2011 has given way to a scramble for home-grown power.

Pakistan reviews gas market reform as debt mounts

Pakistan's government has reviewed plans to restructure and deregulate its gas sector after circular debt in the industry rose above PKR3.6 trillion ($12.9bn).

Pakistan to import 18 LNG cargoes for winter gas gap

Pakistan will import 18 cargoes of liquefied natural gas (LNG) between November and February to cover winter demand.

Philippines targets 1.2 GW of nuclear capacity by 2032

The Philippines wants 1.2 GW of nuclear generating capacity in place by 2032, Energy Secretary Sharon Garin told an industry gathering in Manila.

Taiwan's Tsing Hua University to study US microreactor

National Tsing Hua University (NTHU) in Taiwan has agreed to study whether a factory-built microreactor from US company NuCube Energy could be installed on its Hsinchu campus.

Petronas eyes deeper LNG and energy ties with Vietnam

Malaysia's Petronas has proposed expanding long-term LNG supply deals with Vietnam and working with Vietnamese partners to build LNG infrastructure and develop wind power, hydrogen and carbon capture and storage (CCS).

Taiwan's Hai Long offshore wind farm fully operational

Canada's Northland Power (TSX: NPI) has installed all 73 turbines at its 1.0-GW Hai Long offshore wind farm in the Taiwan Strait, and every unit is now producing electricity.

Czech firm MMV signs hydrogen deal with Taiwan university

MMV (Materiálový a Metalurgický Výzkum), a Czech company engaged in materials research, is set to cooperate in hydrogen storage and associated areas with NCUT, Taiwan's National Chin-Yi University of Technology.

Bangladesh faces costly winter gas bill as Qatar shortfall drags on

Bangladesh's gas crisis is turning from a summer emergency into an expensive winter bill, with Qatar unable to say when its LNG will flow again.