Staff Reporter
Philippines’ First Gen posts 52% net income growth
Philippines’ First Gen posts 52% net income growth
Its attributable recurring net income stood at US$89m.
JERA, Summit partner to develop energy supply chain in Bangladesh
The MoU was valued at US$2b.
Coal divestment of global financial institutions double in three years
Whilst European FIs are leading coal divestments, FIs from Asia are also rapidly increasing.
Thermal plants remain significant to Philippines’ energy security, AboitizPower says
This comes amidst peak energy demand during the summer.
Snowy Hydro project completion delayed by up to 2 years
It would be completed by December 2029 at the latest.
Only East Asia can meet pumped storage target by 2050
The region’s capacity growth will be largely driven by China.
TNB, Glomac ink MOU for green energy collaboration
The partnership will focus on floating solar and other green facility development.
Philippines’ ACEN net income climbs to US$36m in Q1
This is up by 5 times compared to the previous year.
Asian Power Forum 2023 arrives in Kuala Lumpur in May
It will bring together leaders, policymakers, and experts in Asia’s power and energy sector.
AGL’s Liddell Power Station shuts down after 52 years
The coal plant will be converted into a renewable energy hub.
PLN, 3 other firms ink deal to build 70MW wind power plant in Indonesia
These include Total Eren, Adaro Power, and PJBI.
ACME Group, IGL to set up green hydrogen infrastructure
The companies will also promote the adoption of green hydrogen.
How soon should the world retire coal plants to meet climate goals
GEM estimated coal retirement globally needs to be almost five times faster.
NTPC installs first overseas capacity in Bangladesh
It developed Unit 1 of the Maitree Super Thermal Power Plant.
Nominations are now open for the 19th Asian Power Awards and 3rd Asian Oil & Gas Awards
The awards programmes recognise companies that have demonstrated excellence, innovation, and sustainability in addressing the challenges and opportunities in the energy sector.
Avaada Group secures $1b for green hydrogen, ammonia development
The investment came from Brookfield Renewable.
ACWA Power secures finance for 200MW solar plant in Egypt
The project is targeted to commence commercial operations in January 2024.
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Supply chain efficiency, skilled manpower are key for India’s renewable energy