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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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Honda reduces EV spending by 30%, delays Canadian project
Honda has announced it will scale back its planned investment in electric vehicle (EV) technology by 30%, revising its target from JPY10 trillion to approximately JPY 7 trillion yen ($48bn) by the end of fiscal 2030.
Pertamina Geothermal plans expansion into lab services and tech commercialisation
PT Pertamina Geothermal Energy (PGEO), is preparing to diversify its operations by entering two new business lines: laboratory testing services and the commercialisation of two-phase fluid measuring instruments
Pertamina launches its largest rooftop solar power plant
Pertamina, Indonesia’s state-owned energy company with operations spanning oil, gas, and renewables, has launched its largest rooftop solar power facility to date, located at the Balikpapan refinery.
Pakistan PM Shehbaz approves 10-year power plan
Prime Minister Shehbaz Sharif has instructed the Power Division to intensify reforms aimed at reducing electricity prices, tackling circular debt, and curbing technical losses and theft in the power sector.
India's Petronet LNG posts highest-ever annual profit
India’s biggest LNG importer Petronet LNG has reported its highest-ever profit after tax (PAT) of INR39.26bn ($460mn) for the financial year ended March 31, 2025
US-Vietnam: Trade dialogue opens, nuclear cooperation deepens
US and Vietnamese officials launched a pivotal round of trade negotiations on May 19, with both sides working to prevent damaging tariffs while simultaneously laying the groundwork for a potential nuclear energy collaboration.
Thailand curbs incentives for solar, steel sectors
Thailand's Board of Investment (BOI) has moved to curb oversupply risks in key sectors, including solar panels and certain steel products, by discontinuing investment incentives, the agency announced May 19.
TotalEnergies agrees to 20-year LNG purchase deal with Canada’s Ksi Lisims
Canada’s fledgling LNG sector has scored another win, with the proposed Ksi Lisims LNG project taking a key step forward after the announcement on May 19 of a 20-year offtake agreement with TotalEnergies.
TotalEnergies to request lifting of force majeure for Mozambique LNG
French supermajor TotalEnergies’ CEO Patrick Pouyanne will ask Maputo to lift force majeure on its stalled Mozambique LNG project.
Taiwan shuts down final nuclear reactor, pivots to LNG
Taiwan is looking to ramp up purchases of LNG cargoes on the spot market after the island shut down its final nuclear reactor.
Hanwha Energy affirms commitment to Vietnam’s LNG-to-power sector
Hanwha Energy is already a key player in the 1.5-GW Hai Lang LNG power project in Quang Tri Province, a development valued at approximately $2.3bn.
Reliance Power to co-develop Bhutan solar project in JV with Druk Holding and Investments
Reliance Power, led by Anil Ambani, has entered into a commercial term sheet with Green Digital Private Limited (GDL), a subsidiary of Druk Holding and Investments Limited (DHI)—the investment arm of the Royal Government of Bhutan—for a long-term PPA
Solar and battery projects at Joyful Honda stores target mid-2025 completion
Japanese company i Grid Solutions aims to finalise solar and battery installations at Joyful Honda hardware stores by June 2025, as part of an ongoing green initiative launched in 2022.
TPG-led consortium seeks Indian regulator nod to acquire Siemens Gamesa’s onshore wind business
A consortium led by TPG, Mavco Investments, and former JSW Energy CEO Prashant Jain has approached the Competition Commission of India (CCI) for approval to acquire the onshore wind power business of Siemens Gamesa Renewable Power
Indonesia's energy future: The structural hurdles to achieving independence
As Indonesia accelerates its march toward energy independence, President Prabowo Subianto's administration has made ambitious declarations: achieving full energy sovereignty within five years
Japan’s top refiners scale back green energy plans as costs and energy security concerns soar
This cautious repositioning also includes a pivot towards LNG, with Eneos planning to strengthen and expand its LNG operations. Demand for LNG, the company believes, will likely continue to rise until around 2040.
Japan under pressure from US over investment in Alaska LNG pipeline
Japan’s participation in the $44bn initiative remains far from assured. Concerns persist within the energy sector over both the commercial feasibility and the long-term viability of the pipeline.
Chinese battery giant CATL to begin EV battery production in Indonesia by March 2026
The project will be carried out in two phases due to regulatory requirements set by the Chinese government.
Petronas and Petros move toward profit-sharing deal in Sarawak gas dispute resolution
Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) are nearing a profit-sharing arrangement to resolve a long-standing dispute over gas distribution control in Sarawak, according to insights from Kenanga Research
Taiwan shuts final nuclear reactor amidst mixed reactions
Taiwan has officially ended its use of nuclear energy following the shutdown of its final operational reactor at the Maanshan Nuclear Power Plant in Pingtung County.
Philippines to boost power supply by 14.2 GW by 2030
The Philippine government plans to add 14,200 megawatts (MW) of new electricity capacity by 2030 to meet growing energy needs.
India’s LNG imports rise 21% in April
India’s liquefied natural gas (LNG) imports rose sharply in April 2025, reaching 3.03bn cubic metres (bcm), up 21.3% year-on-year, according to provisional figures from the Petroleum Planning and Analysis Cell (PPAC)
ReNew to invest $2.5bn in major hybrid renewables project in India's Andhra Pradesh
ReNew Energy Global has announced plans to invest around INR220bn ($2.5bn) in developing one of India’s largest hybrid renewable energy projects in Anantapur district, Andhra Pradesh, according to a company press release dated May 16.
China’s growing gap to Paris pledge threatens meeting of climate targets
The introduction of new Chinese renewable electricity pricing rules in June threaten the country’s ability to meet its Paris Agreement 2030 climate commitments, according to a report by Carbon Brief.
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