Power Utility

Fort Pilar Energy Inc. won the bid to privatise the power plant.

This comes on the back of Vietnam increasing renewable energy to 30% by 2030

But increased by 35% YoY compared to Q1 2020.

This move aims to reduce the company’s debt and carbon footprint by almost half.

This is the first time reactors older than 40 years are approved to restart.

The company earned an undisclosed amount from several new Japanese investors.

Some Chinese manufacturers don’t see prices lowering until after 2021.

Technological advancement and lower costs of renewables will drive this expected growth.

Its solar installations added 9.3 gigawatts to the national grid.

This is due to power consumption being slashed amidst strict lockdowns.

The energy will come from Sunseap’s offshore floating solar farms.

Its total output reached 314 TWH in 2020/21.

A new company under the Longi name was registered last month.

The large number of plants are each performing poorly and “particularly suitable” for fast-track retirement.

The 1.2GW gas-fired plant is expected to be operational by 2024.

The Kwinana Refinery will be converted into an import terminal.