Bangladesh is introducing a 10-year tax exemption package for renewable energy production — a move expected to help boost clean electricity generation, which is still hampered by high production costs. The National Board of Revenue issued a notification earlier this week for projects that will begin commercial operations by mid-2030. The policy grants 100 percent tax exemption for renewable energy plants in the first five years, 50 percent in the next three years, and 25 percent in the following two years. “Companies whose commercial production will start between July 1, 2025 and June 30, 2030, are exempted from the tax,”…
Author: Chitrika Grover
Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Limited (IREDA), represented India in a critical discussion on “Access to Financing for Renewable Energy Projects,” at the Bhutan-India Renewable Energy Roundtable held today in Thimphu. The event, organized by the Government of India in collaboration with the Government of Bhutan, provided a platform for fostering renewable energy cooperation between the two nations. Shri Das assured that IREDA stands ready to extend support to Bhutan’s renewable energy initiatives within the regulatory framework of the Reserve Bank of India (RBI) and the Ministry of New and Renewable Energy (MNRE),…
As Indonesian nickel producers emerge as key global players, their greenhouse gas (GHG) emissions are expected to rise along with increased nickel production. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) examines the investment plans, financial performance, and the three scopes of GHG emissions for four major nickel companies listed in the country, PT Aneka Tambang (Antam), Merdeka Battery Materials (MBMA), Trimegah Bangun Persada (TBP Harita), and PT Vale Indonesia (Vale).“In 2023, these four Indonesian nickel companies represented 26% of Indonesia’s primary nickel production with an output of 353,000 tonnes, and generated GHG emissions of…
The Asian Infrastructure Investment Bank (AIIB) has approved investments in Endiya Partners Fund III under the AIIB Venture Capital (VC) Investment Program. The investments will support early-stage companies focused on green and technology-enabled infrastructure in India and Southeast Asia.Launched in December 2022, AIIB’s VC Investment Program for Green and Technology-Enabled Infrastructure began with a commitment of USD100 million, with an additional USD30 million for co-investments. The program aims to fill the capital gap for early-stage ventures by investing through small-scale VC funds.Endiya Partners Fund III will invest in early-stage start-ups in India, focusing on intellectual property that aligns with AIIB’s…
Advario Asia Pacific (Advario), VFlowTech (VFT), and JTC today signed a Memorandum of Understanding (MoU) to collaborate on scaling up vanadium redox flow battery (VRFB) capacity for clean energy storage on Jurong Island.Under the MoU, the three parties will explore using Advario’s tank infrastructure to scale VFT’s VRFB technology up to 40MWh, about 25 times its current capacity. This is equivalent to powering over 3,000 4-room HDB flats daily.The large-scale deployment aims to help optimise the storage of excess electricity generated across Singapore, particularly from renewable sources like solar, for use by the national grid during peak demand periods. It…
Sembcorp Industries (Sembcorp) through its wholly- owned subsidiary, Sembcorp Utilities Pte Ltd, and PT PLN Energi Primer Indonesia (PT PLN EPI), a sub-holding company of PT PLN (Persero), have entered into a joint development agreement (JDA) for a green hydrogen production facility in Sumatra, Indonesia, capable of producing 100,000 metric tonnes per annum. The project is poised to become Southeast Asia’s largest green hydrogen development initiative, with the goal of creating a regional green hydrogen hub connecting Sumatra, the Riau Islands, and Singapore.The JDA, signed today at the Singapore International Energy Week 2024, builds on the joint development study agreement…
Sembcorp Industries (Sembcorp), through its whollyowned renewables subsidiary Sembcorp Green Infra Private Limited, has received the Letter of Award (LOA) for a 150MW Inter State Transmission System (ISTS) connected wind-solar hybrid power project (the Project) from Solar Energy Corporation of India Ltd(SECI). The build-own-operate Project is part of a 600MW bid issued by SECI.Subject to the execution of a power purchase agreement (PPA) and upon completion of the Project, power output from the Project will be sold to SECI under a 25-year longterm PPA. The Project is expected to be ready for commercial operation within 24 months from the date…
The Asian Infrastructure Investment Bank (AIIB) and the Alliance to End Plastic Waste (AEPW) together launched a cofinancing initiative to integrate solid waste management services and solutions in more than 10 cities and districts in Indonesia.Held earlier in Uzbekistan alongside the 2024 AIIB Annual Meeting, the event was attended by Dian Lestari, Director of Grants and Loans, Ministry of Finance, and Ariadi Kurniawan, Senior Representative of Indonesia’s Ministry for National Development Planning. Jacob Duer, President and CEO of AEPW, and Rajat Misra, AIIB Acting Vice President for Investment Clients Region 1 and Financial Institutions and Funds, Global, signed the Letter…
The Kingdom of Saudi Arabia’s Forward7 Initiative collaborates with Sistema.bio, a global social enterprise known for its biogas technology. Together they have launched an initiative to provide subsidized biodigesters to small farm holders in Nepal and Indonesia. Forward7 previously known as the Kingdom’s Clean Fuel Solutions for Cooking, project aims to install 800 biogas units across these countries in addition to facilitate an entry to Sistema.bio. This new collaboration aims to provide future services in Indonesia and Nepal in collaboration with PT. Biru Karbon Nusantara (BKN) and the Nepal Biogas Promotion Association as the key implementation partners. Scheduled to conclude…
Prozeal Green Energy Limited, an energy-based company in India, and Golyan Power Limited, a corporate group in Nepal, have signed a joint venture to revolutionize Nepal’s energy landscape. Together, the two companies will develop over 500 MW of solar energy projects, including rooftop and ground-mounted photovoltaic (PV) solar plants, across multiple locations in Nepal over the next 18 months. This joint venture between Prozeal Green Energy Nepal Pvt. Ltd. (60% stake) and Golyan Group (40% stake) reflects the companies’ shared vision for a sustainable and decarbonized future. A Joint Vision for a Solar-Powered Nepal The primary goal of this JV is to harness Nepal’s…