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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.
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Spot LNG prices fall amid high storage levels
Spot LNG prices have tumbled amid high gas inventory levels in Europe and Asia, which have weakened demand for cargoes of the super-chilled fuel.
EGCO acquires 50% stake in US power portfolio, boosts capacity by 652 MW
Electricity Generating Public Company Limited has successfully acquired a 50% stake in the Compass portfolio of power plants, with a total capacity of 1,304 MW in the United States
Gautam Adani promises $24.05bn investment in Gujarat, to create 100,000 jobs
The Adani Group has unveiled plans to invest INR2 lakh crore - $25.04bn - in Gujarat's green energy and renewable sectors over the next five year
Taiwan election poised to impact global chip supply and investor sentiment
As Taiwan braces for its pivotal elections, investors worldwide are monitoring the event closely, anticipating significant repercussions for cross-strait relations and the global semiconductor industry
Pakistan as a beneficiary as LNG spot price index drops
LNG futures trade volumes rise in 2023, reach record level in fourth quarter
The volume of LNG futures trades on financial exchanges climbed by more than 12% in 2023 compared to 2022 according to data from exchanges and brokers.
Astra Group's United Tractors dives into the geothermal sector with Supreme Energy acquisition
PT United Tractors, Astra Group’s subsidiary specialising in heavy equipment, construction, and energy, is set to broaden its business through the acquisition of geothermal power generation company PT Supreme Energy
India's GAIL and Vitol Asia sign 1mn tonnes per year LNG supply contract
India's state gas company GAIL and commodity trader Vitol Asia have inked a long-term LNG deal spanning approximately 1mn tonnes per year for a tenure of about 10 years
State-owned electricity company PLN to implement bundled scheme for large-scale renewable energy projects
The Executive Director of the Institute for Essential Services Reform, Fabby Tumiwa, is urging state electricity company PT PLN to initiate auctions for large-scale renewable energy projects in 2024
India eyes strategic gas storage reserve
The Indian government is considering the establishment of a strategic gas reserve to address the volatility in natural gas prices and reduce dependence on imports
Indonesian energy ministry sets 2024 quota for B35 biodiesel distribution following 2023 implementation
The Ministry of Energy and Mineral Resources has established a distribution quota of 13.41mn kilolitres for B35 biodiesel in 2024
Vietnam proposes VND60 trillion boost for infrastructure and Con Dao power project
The Vietnamese government has proposed allocating approximately $2.5bn to fund 32 traffic projects and the Con Dao power grid project
Indonesia aims to boost coal output for 2024 despite growing domestic consumption
Indonesia has set a target to increase coal production in 2024, surpassing the previous year's output, according to data from the country's energy ministry
Record LNG imports in Asia as prices drop, China leads surge
In an unprecedented development, Asia's imports of LNG soared to a historical peak in December
PSA Mumbai is India’s first 100% renewable energy-powered container terminal
PSA Mumbai, a key player in the global port operations group PSA, has marked a significant achievement in its efforts to reduce emissions by becoming India's inaugural container terminal fully powered by renewable energy
Costly LNG, slow progress threaten Vietnam's gas power ambitions
Vietnam's ambitious plans to increase its dependence on LNG for power generation are facing significant challenges, raising concerns about achieving the set targets
Indonesia seeks new partner to replace Russian firm Zarubezhneft for Tuna Block’s gas project
Indonesia aims to replace sanctioned Russian firm Zarubezhneft in the gas-rich Tuna Block this year
Indonesia is confident in EU Biofuel showdown, eyes trade deal by 2024
Indonesia is betting big on winning its lawsuit against the European Union's biofuel restrictions and insists it won't derail their long-awaited trade pact
China building up electric auto infrastructure in Central Asia
An update on infrastructure development and investment in Central Asia.
Hydropower giant Hua Na debuts on HoSE with over VND4 trillion valuation, despite profit dip in 2023
Hua Na Hydropower Joint Stock Company, the investor behind the 180MW Hua Na Hydropower Plant, is poised to make its grand entrance on the Ho Chi Minh City Stock Exchange
Nepra okays second power tariff hike for Karachiites
On January 3, Pakistan’s National Electric Power Regulatory Authority approved a second power tariff increase within a week for consumers of K-Electric
Malaysia’s coal prices rebound, CPO weakens due to global factors
The commodity market witnessed a resurgence in coal prices for January 2024, recovering after a 6.72% dip
Quang Tri solar and wind projects attract Singaporean and Taiwanese investors
Foreign investors eyeing Quang Tri's solar and wind energy potential with potential stake purchases include Singaporean and Taiwanese companies
AsiaElec: Quang Tri solar and wind projects attract Singaporean and Taiwanese investors
Shin Hanul Nuclear Plant expands with second unit grid connection
South Korea's nuclear energy capabilities have received a significant boost as the second unit of the Shin Hanul nuclear power plant has started supplying electricity to the national grid
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