Malaysia’s Kinergy Advancement Bhd (KAB) – formerly known as Kejuruteraan Asastera Bhd– an energy and engineering solutions provider, has announced that the group’s wholly owned subsidiary KAB Energy Holdings Sdn Bhd (KABEH) has completed the acquisition of the entire equity stake of Matahari Suria Sdn Bhd (MSSB). The purchase consideration is reported to be around RM5.3 million, thus, further expanding its sustainable energy solutions (SES) segment’s portfolio. The firm informed that currently, MSSB is the owner of a solar PV system on the rooftop of Universiti Teknologi Malaysia Kuala Lumpur. In addition, it also has an ongoing renewable energy power…
Author: Saur News Desk
Indonesia’s Ministry of Energy and Mineral Resources (ESDM) will soon initiate an integrated solar panel industry development project. Informing about this initiative during the Indosolar Expo 2023 event in Jakarta, Dadan Kusdiana, Director-General of New, Renewable Energy, and Energy Conservation at ESDM, said, “President (Joko Widodo) is expected to make a significant announcement about the integrated solar panel industry later this month or early next month.” He further revealed that Indonesia is on track to become the largest integrated solar industry in the region, supporting the 23-percent renewable energy target and net zero emission goals. “The project aims to establish…
Clean energy firm Malaysia’s Solarvest Holdings Bhd. has secured a contract from Dexcom Malaysia Sdn Bhd to install a 3.6 megawatt-peak (MWp) solar photovoltaic (PV) system at its manufacturing facility in Batu Kawan, Penang. The facility in Batu Kawan will be the first overseas facility of Dexcom’s US parent, Dexcom Inc, a provider of continuous glucose monitoring systems In a statement, Solarvest said, “It will serve as the engineering, procurement, construction, and commission (EPCC) provider for the installation of rooftop solar PV for the main building facilities and carpark.” With the expected generation of 3.6 MWp of clean energy, Dexcom…
ASEAN has the potential to become a global solar panel manufacturing hub given its rapid economic growth and high electricity demand. This was stated by Executive Director of IESR (Institute for Essential Services Reform), Fabby Tumiwa, at the Indosolar Expo 2023 held in Jakarta from 24-27 July. IndoSolar Expo is an annual solar conference and exhibition from Indonesia Solar Energy Association (“AESI”), aimed to promote collaborative efforts in promoting solar developments in Indonesia. Speaking at the event he said, “ We believe Southeast Asia has the potential to become a solar panel manufacturing hub to supply domestic and global demand.”…
South Korea and Indonesia recently discussed ways to enhance bilateral cooperation on electric vehicles, batteries and supply chains of significant industry minerals. According to the Ministry of Trade, Industry and Energy, the consensus was reached during the bilateral economic cooperation committee meeting in Seoul, led by Deputy Trade Minister Jeong Dae-jin and Indonesia’s Deputy Economic Minister, Edi Prio Pambudi. It further informed that the recent meeting was a follow-up to rounds of recent summit talks between South Korean President Yoon Suk Yeol and his Indonesian counterpart, Joko Widodo, who reached an agreement to enhance cooperation in high-tech industries, infrastructure and…
A four-eye meeting between the Cambodian National Assembly President Heng Samrin in Phnom Penh and Dewan Rakyat (Lower House of Malaysia) Speaker Tan Sri Johari Abdul welcomed the cooperation between Cambodia and other ASEAN member countries to explore an initiative to develop a renewable energy ecosystem in the region. Johari was on an official visit to Cambodia from July 20 to 24. He was invited by the Cambodian government, in his capacity as an observer in Cambodia’s general elections. The statement said, “The Malaysian Parliament announced the initiative, which includes the exchange of expertise, capacity building and technical assistance; taking…
Chinese oil refiners and petrochemical companies are on an investment spree to produce high-end chemicals for solar panels and lithium-ion batteries to reap profits from the growing demand for energy transition technologies. The investment is estimated to be around tens of billions of dollars. With this, China aims to reduce its import dependence and further strengthen its dominance of renewable energy and electric vehicle supply chains. The Chinese companies are competing against Dow Chemical, Exxon Mobil and BASF in making key materials. As per industry analysts, firms including Wanhua Chemical, Zhejiang Petrochemical Corp (ZPC) and Hengli Petrochemical and state oil…
Electricity Generating Public Company (EGCO), the power generation arm of the state-run Electricity Generating Authority of Thailand, has joined hands with Hong Kong-based Diamond Generating Asia, a wholly owned subsidiary of Mitsubishi Corporation, to study and develop the value chain of hydrogen-related businesses in Australia. As per the MoU (memorandum of understanding), Egco and Diamond Generating Asia, a clean electricity generation firm, aim to produce green hydrogen at the 113-megawatt Boco Rock wind farm in New South Wales, Australia, which is wholly owned by Egco. Egco sees an opportunity to invest in this type of clean energy and related businesses,…
Global Energy Transition is creating a win-win situation for the Philippines’ local nickel miners as they are betting on clean energy and smart cities to accelerate nickel demand over the medium to long term. This was revealed by the Philippine Nickel Industry Association (PNIA) in a press note. It is the country’s largest private sector grouping of nickel mining players informed that aside from being a critical component in electric vehicle batteries, raw nickel ore is also processed to create stainless steel, which is used in the development of megacities and in renewable energy technology. According to PNIA, President Dante…
The World Economic Forum has declared Malaysia a leader with first place in Southeast Asia in WEF Energy Transition Index. Commenting on this, Economy Minister Rafizi Ramli, said ,”This achievement shows that Malaysia is on the right track to manage a fast, safe and affordable energy transition.” The index takes into account the system performance and the country’s readiness to switch to more environmentally friendly energy sources. “Malaysia also has various strategic advantages such as a strategic location, diverse renewable energy sources (RES) and a high level of skills to become a regional leader in the field of energy transition,”…