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Essar Energy takes out US$1 billion loan |
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46 reads
Enters into agreement with China Development Bank and PetroChina. Essar Energy Plc and its refining subsidiary, Essar Oil, have entered into a memorandum of understanding with both Chinese firms that will enable it to raise over US$1 billion of funds as external commercial borrowings. Read ›› |
Suzlon defaults on US$209 million in convertible bonds |
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50 reads
May issue notes denominated in US$ to fund 2012 repayment. Read ›› |
Nippon Steel expands geothermal business abroad |
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50 reads
Foresees geothermal sales of US$49 million in 2015. Nippon Steel & Sumikin Engineering Company, a subsidiary of Nippon Steel & Sumitomo Metal Corporation, Japan’s largest steelmaker, plans to expand its business to other countries such as Indonesia. Read ›› |
Philippines approves country’s largest wind farm |
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142 reads
Will be located at the town of Burgos in Ilocos Norte province, northern Luzon. Read ›› |
Japanese green energy projects get Goldman Sachs investment |
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96 reads
Could invest up to US$2.9 billion over the next five years. Read ›› |
Pertamina to drill Indonesia’s first shale gas well |
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130 reads
Will tap into the expertise of Canada's Talisman Energy, Inc for the project. Read ›› |
Japan approves 12.2 GW in new solar |
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61 reads
But only 0.6 GW are actually being produced. The Ministry of Economy, Industry and Trade said the 12.2 GW in February compares to the 5.3 GW of solar installed at the end of 2011. Read ›› |
US to export shale gas to India |
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53 reads
Will do so despite not having Free Trade Agreement (FTA) with India. Read ›› |
China’s industrial energy use dips 1% in April |
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133 reads
This is the first monthly drop since September 2012. The National Energy Administration said industrial power consumption in April was 308.3 billion kilowatt hours, up 7.7% year-on-year. Read ›› |
South Korean firms mull investing in Indonesian power plants |
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105 reads
Are conducting feasibility studies that will include other infrastructure projects. Read ›› |
Shuangjiangkou Dam will be built |
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61 reads
Controversial hydroelectric dam could impact plants and rare fish. When completed 10 years from now, the dam will become the world’s tallest hydroelectric dam. Read ›› |
Vietnam considers refinery and petrochemical project |
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94 reads
Complex could be built by Thailand’s PTT. PTT’s Vietnam refinery project will rise in the central Vietnamese province of Binh Dinh. Read ›› |
Japan will sell nuclear technology to V4 nations |
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83 reads
Prime Minister Shinzo Abe leads in promoting the export of Japanese nuclear technology. Read ›› |
Clean energy fund supports solar projects in Thailand |
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76 reads
Will go to building six small-scale solar power plants. Armstrong Asset Management, a private-equity fund, signed its first solar deal to build the plants with Thai energy developer Symbior Solar Siam. Read ›› |
Azerbaijan mulls investment in Indonesian oil refinery |
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74 reads
Refinery to be located in the city of Batam. Azerbaijan is expected to build a US$4.8 billion oil refinery through its state-owned oil and gas company State Oil Company of Azerbaijan Republic. Read ›› |
Philippines strengthening electricity backbone |
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126 reads
Project will be located in western Luzon island. The National Grid Corporation of the Philippines, the national transmission firm, wants provisional authority from the government to implement the 500 kilovolt backbone project in western Luzon. Read ›› |
Maglev wind farm to be built in China |
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101 reads
Magnetic technology could cut operational costs by half. Chinese Hytex Integrated Berhad has signed an agreement with Gezhouba Group Electric Power to co-develop the 50MW maglev wind farm in Southern China. Read ›› |
New Indonesian power plant to be delayed |
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172 reads
Land acquisition issues have pushed completion back by one year. Read ›› |
Hong Kong RE developer to build solar farms |
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65 reads
China Merchants to invest US$489 million. China Merchants New Energy Group, a Hong Kong-based renewable-energy project developer, will form a joint venture with Xinjiang Production and Construction Corporation Investment Company to invest US$489 million to develop solar farms. Read ›› |
India eager to build undersea power cable to Sri Lanka |
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79 reads
Sri Lanka, however, concerned with project cost. India is pushing for the implementation of its first undersea power transmission project with Sri Lanka. Read ›› |
China wins US$2.4 billion Turkish power plant contract |
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137 reads
Plant to generate 2,640 megawatts of electricity. China and Turkey have signed a contract to build a coal-based thermal power plant in northwestern Turkey. Read ›› |
Tata Power to build hydropower projects in Georgia |
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71 reads
Power produced will be sold to Turkey. Tata Power through a subsidiary, Tata Power International Pte Ltd, signed an agreement with Clean Energy Invest AS and IFC InfraVentures to build the projects that will have an aggregate capacity of 400 MW and would be developed in three phases. Read ›› |
Indian energy firm to build LNG plant in Canada |
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71 reads
Construction could start in two or three years. Indian company H-Energy has revealed plans to acquire 240 hectares of land from the province for a possible LNG plant and export terminal along the Strait of Canso in Nova Scotia, Canada. Read ›› |
Malaysian EXIM Bank funding Indonesian electricity projects |
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167 reads
Will set aside funds for up to four energy projects. Read ›› |
Indian states unable to meet renewable purchase obligation targets |
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90 reads
Failure led to 25% loss in electricity from renewable energy sources in 2012. Read ›› |
Thai rooftop solar gets boost |
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80 reads
Government plans to support major expansion of solar rooftop sector. Read ›› |
Aussie, Chinese and British companies reach LNG deal |
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63 reads
Deal boosts Australia’s LNG industry. BG Group, one of the world’s largest LNG companies, and China National Offshore Oil Corporation have signed agreements in which CNOOC will acquire a greater interest in the first of two production trains of the Queensland Curtis LNG Project and a greater stake in upstream tenements. Read ›› |
Vietnamese and Canadian partners to begin commercial oil production |
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44 reads
Hai Su Trang offshore field has an oil flow of 15,000 barrels a day. Read ›› |
Aboitiz Power profit drops 18% |
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80 reads
Lower electricity prices and volumes to blame. Aboitiz Power Corporation reported an 18% decline in its consolidated net income to US$113 million in the first quarter due largely to a drop in electricity prices and to a lower volume of electricity sold. Read ›› |
First Gen to operate new LNG terminal by 2016 |
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168 reads
Construction to begin in 2014. First Gen Corporation, the Philippines’ second largest electricity producer, intends to begin operating its liquefied natural gas terminal by 2016 at the earliest. Read ›› |
Petrovietnam to import Australian coal |
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63 reads
Will import some three million metric tons of thermal coal annually. Read ›› |
Dearth of transmission lines crippling RE use in China |
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46 reads
Is severely affecting electricity generated from new energy resources. The National Energy Administration said 20 billion kilowatt hours of wind-generated electricity was wasted last year mainly due to underdeveloped transmission facilities. Read ›› |
Supreme Court of India gives Kudankulam the go ahead |
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50 reads
Says opening controversial nuclear power plant is in the national interest. Read ›› |
India will build two power plants in Bangladesh |
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111 reads
US$1.7 billion deal to ease a Bangladesh’s huge electricity shortage. Read ›› |
Singapore’s 1st LNG plant becomes operational in Q4 |
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283 reads
Is majority owned by the Philippines’ largest power distributor. PacificLight Power Pte Ltd. Read ›› |
Electricity rates in New Delhi to rise |
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51 reads
Residents will pay 1.5% more for three months beginning May. Read ›› |
ADB makes first RE investment in India |
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62 reads
Invests US$30 million in NSL Renewable Power Private Ltd. The Asian Development Bank said its first equity investment in India’s private sector renewable power generation is also its first private sector assistance to India’s hydropower sector. Read ›› |
Alstom to supply boilers for Indian thermal plant |
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82 reads
Contract value is US$131 million. French multinational conglomerate Alstom has won a contract from Bharat Heavy Electricals to supply two 800MW boilers for its Gadarwara thermal plant in the Indian state of Madhya Pradesh. Read ›› |
Mitsui, Rosneft develop petrochemical project in Japan |
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59 reads
To cooperate in the engineering design of the petrochemical complex. Read ›› |
Tepco posts US$7 billion net loss for 2012 |
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74 reads
Its third straight yearly loss due to the Fukushima nuclear disaster. Read ›› |
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