The Petrovietnam Technical Services Corporation (PTSC) and its Singaporean partner Sembcorp Utilities Pte Ltd will be carrying out the steps related to a project on developing offshore renewable energy in Vietnam and exporting clean electricity to Singapore. To this end, the firms have been granted a survey licence and a letter of content in the presence of Prime Ministers Phạm Minh Chính and Lee Hsien Loong, at a conference held in Hà Nội ,recently to promote investment cooperation projects between the two countries. PTSC, a member of the Vietnam Oil and Gas Group (Petrovietnam) was handed over a decision approving…
Author: Saur News Desk
GreenYellow Cambodia has completed Phase I of the Bakheng Water Treatment Plant Solar Power project in Cambodia, boasting a capacity of 1.9MWp. In its statement, the firm said, “The Bakheng Water Treatment Plant is a pivotal water supply and treatment facility in Cambodia, capable of delivering up to 390,000 m3/day (Phase 1: 195,000 m3/day) to areas encompassing Phnom Penh City and Takmao Street at the border.” The 1.9 MWp project comprises 3,500 solar panels that will provide clean energy to the plant, which is expected to reduce carbon emissions significantly. Bakheng Water Treatment Plant is the biggest water supply and…
To ensure a just and systematic transition, the Malaysian government hopes to work closely with all parties in the renewable energy (RE) industry. The government’s Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said, “A new investment of approximately RM637 billion up until 2050 in RE is required, which includes investments in RE generation sources, strengthening of grid infrastructure including transmission lines enhancement, energy storage systems integration and grid system network operation augmentation. He opined that a robust and flexible grid is critical as the intended ramping up of RE will be very much solar-based. “Taking into account the…
Philippines Manila Electric Co. (Meralco) had exceeded its target renewable energy (RE) contracts with an equivalent capacity of 1,880 megawatts (MW) as part of its long-term sustainability strategy. This was disclosed recently in a press statement. The firm said, “It had breached its initial target of 1,500 MW of RE capacity from various suppliers in compliance with the government’s renewable portfolio standards (RPS) policy.” “Our just, orderly, and affordable transition to clean energy is at the core of our sustainability journey, and this commitment solidifies our drive to bring to life projects that will help serve the country’s growing energy…
Germany’s Augustus Global Investment has plans to invest $500 million in Indonesia’s Aceh province to build a green hydrogen plant next year. This was disclosed by its CEO Fadi Krikor recently during a press conference in Jakarta. Dwelling on the project, he said, the planned facility would have an annual output capacity of 35,000 metric tons green hydrogen, hydrogen produced using renewable energy. The firm signed an initial deal with Indonesian state-owned fertiliser company PT Pupuk Indonesia and PT Pupuk Iskandar Muda and state utility company PT Perusahaan Listrik Negara for power supply and contruction site for the planned investment,…
ASEAN countries are moving towards boosting green energy in the region. To this end, Malaysia, Indonesia, Brunei, and Philippines will be forming a sub-region focus group to boost existing inter-connectivity for green energy sustainability. Dadan Kusdiana, the Secretary-General of the Ministry of Energy and Mineral Resources of Indonesia, said that the group of countries will embark on renewable energy (RE) cooperation that can be executed immediately. He said collaborations on plant-based biofuels amid ASEAN’s abundant biomass resource will be proposed. He was speaking to media after the joint opening ceremony of the 41st ASEAN Ministers on Energy Meeting (AMEM-41) and…
The years between 2025 and 2030 will witness nearly six-fold rise in the renewable energy investments by Malyasia’s Tenaga Nasional Bhd (TNB) for its future energy transition (ET). The plan was disclosed by TNB’s President and Chief Executive Officer, Datuk Baharin Din, while speaking at the ASEAN Energy Business Forum (AEBF) 2023, in Nusa Dua, recently. He said, “ TNB is keen to expedite its investments in the Grid to avoid bottlenecks that are currently happening in mature markets, which could delay the scale-up of renewables as connection queues for wind and solar projects grow to record sizes.” “Bottlenecks can…
The Southeast Asian region could lose up to 30% of its gross domestic product by 2050 due to increases in global temperature and extreme weather events, but boosting up the region’s renewable energy manufacturing capacity would position Southeast Asian countries to create new jobs and meet growing energy demand while drastically reducing emissions. This was disclosed in a new research released on the sidelines of the ASEAN Finance Ministers and Central Bank Governors Meeting by the Asian Development Bank (ADB), Bloomberg Philanthropies, ClimateWorks Foundation, and Sustainable Energy for All (SEforALL). The report named ‘Renewable Energy Manufacturing: Opportunities for Southeast Asia,’…
SunAsia Energy, a solar engineering, procurement and construction (EPC) firm will build 1.3 GW of floating solar PV (FPV) projects on the Laguna Lake, the largest lake in the Philippines. The project will be implemented in partnership with its investment partner BlueLeaf Energy. It may be noted that SunAsia Energy was awarded the projects as the winning bidder of an auction by the Laguna Lake Development Authority (LLDA) for 10 blocks of lake surface totalling 1,000 hectares. In a statement, BlueLeaf said that by signing the lake lease agreement the projects have secured tenurial rights like environmental compliance certificates. The…
Beximco, the largest private sector group in Bangladesh has constructed the country’s largest solar power plant at 200 megawatts (MW) at Sundarganj in the Gaibandha district on a 650-acre plot of infertile land through its Teesta Solar Limited subsidiary. As per reports, speaking at the inaugural function at the Rangpur Zila School ground earlier this month, Prime Minister Sheikh Hasina pointed out that energy security is a priority for the country, which is experiencing the worst energy crisis in a decade. “We think the renewable energy sector will be very important for future energy, so we have taken decision to…