Staff Reporter

The partners also aim to develop hybrid projects across the country.

The company will also deliver a benefit-sharing fund over the project lifecycle.

The state-owned firm can implement specific models to mitigate the effects of the transition away from coal.

The relief includes reduction of fees to apply for a research and demonstration licence.

The company demonstrated how sustainable wastewater treatment can safeguard coastal waters, integrating solar power and recycled water use into environmental management.

This will ensure stable operation and development of geothermal facilities.

The country’s cumulative solar capacity stood at 125.5GW as of September.

Blame it on expansion costs and lower oil prices.

Multilateral Development Banks and export credit agencies have a critical role.

This supports its geothermal expansion.

Amidst this changing environment, operators still have control over one key factor: plant efficiency.

The project will be delivered in 2028.

Revenues increased during the period, thanks to its growing customer base.

The projects affected include an interim offshore LNG terminal.

This will be operational in 2026.

However, the growth of clean power slowed by 7.3% last year.