AsiaElec - Asia Power

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.

Indonesia's state electricity company completes feeder stations for Malaysia's ECRL

Indonesian president launches 11 industrial projects in Halmahera

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.

Cambodia retail buildings use most energy, study finds

Retail buildings are the most energy-hungry of the property types surveyed in Phnom Penh and Kandal, using 205.5 kWh per square metre a year.

Vietnam mandates open access to EV charging stations by 2027

Electric vehicle charging stations in Vietnam must serve any compatible vehicle from July 1, 2027, under new technical rules from the Ministry of Industry and Trade.

Philippines warns super El Niño may push up power rates

Electricity prices in the Philippines could rise and power supply could come under strain as a super El Niño lifts temperatures, Energy Secretary Sharon Garin said.

Sri Lanka solar capacity exceeds peak demand, needs storage

Sri Lanka's installed solar capacity has reached 3,053 MW, overtaking the roughly 3,000 MW the country consumes at its night-time peak, the head of the Sustainable Energy Authority (SEA) told The Daily Morning on October 6.

South Korea swapped US investment projects without feasibility reviews

South Korea's government replaced two of the three projects in its $200bn US investment plan with nuclear reactors and an Alaska liquefied natural gas (LNG) venture without putting them through feasibility studies.

Myanmar's Pinpet steel mill to supply 8MW to grid

A heat recovery power station under installation at Myanmar's No (2) Steel Mill Project in Pinpet will generate 40 megawatts of electricity once it is operational, with eight megawatts going to the national grid.

Adani Power, Bhutan's DGPC sign 770-MW hydropower deal

India's Adani Power (NSE: ADANIPOWER) has signed a shareholders agreement with Druk Green Power Corp (DGPC), Bhutan's state-owned generator, to build the 770 MW Chamkharchhu-I hydroelectric plant.

India's SEBI stalls Inox Clean Energy IPO amid probe

The Securities and Exchange Board of India (SEBI) put Inox Clean Energy's planned INR100bn (about $1.1bn) initial public offering on hold because of continuing investigations into entities in the parent INOXGFL group.

Indonesia incorporates 7-GW nuclear target to fuel industrial growth

Indonesia is targeting the construction of 7 gigawatts (GW) of nuclear power capacity alongside 100 gigawatt-peak (GWp) of solar energy as part of a national strategy to ensure long-term energy security and support rapid industrial expansion

Indonesia targets 2mn hectare plantation expansion for domestic E20 biofuel mandate

The Indonesian government plans to expand domestic sugarcane and cassava plantation areas to secure feedstock for its incoming E20 biofuel policy, which mandates a 20% bioethanol blend in commercial gasoline

Indonesia's electricity company secures Natuna gas supply until 2037

PT PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia's state-owned electricity company PLN, has signed a deal to buy up to 111mn standard cubic feet per day (MMSCFD) of gas from the Mako Field in Natuna through 2037

Indonesia proposes green minerals partnership with Chile to build EV, mining supply chains

Indonesian Deputy Foreign Minister Arif Havas Oegroseno has proposed a Green Minerals Partnership Memorandum of Understanding (MoU) with Chile to deepen bilateral cooperation across the critical minerals, battery manufacturing, and clean energy

Malaysia's TNB wins lower grid charges for Kenyir solar

Tenaga Nasional Bhd (MYX: 5347) expects its 595MW Kenyir hybrid hydro floating solar (HHFS) project to qualify for lower grid access charges under the government's accelerated Corporate Renewable Energy Supply Scheme (Cress).

India's UltraTech Cement tops 2 GW of green energy capacity

UltraTech Cement (NSE: ULTRACEMCO) has become the first cement company in India to cross 2 gigawatts (GW) of green energy capacity for captive use.

Sumitomo takes 49% stake in India hybrid renewable project

Japanese trading house Sumitomo Corporation (TYO: 8053) has invested in a hybrid renewable energy park in India that combines 500MW of solar PV and wind capacity with a 200MWh battery energy storage system.