News
Myanmar inks two electricity deals with Chinese LNG plants
The Myanmar government has signed two power purchase agreements (PPA) to buy electricity from two liquefied natural gas (LNG) plants totalling 580 megawatts. The project company of CNTIC VPower Group inked two five-year PPAs with the Ministry of Electricity and Energy’s Electric Power Generation Enterprise (EPGE) ...
Workshop focuses on cross-border cooperation for energy
Policymakers from the Greater-Mekong Subregion (GMS) met their Korean counterparts in Seoul to discuss ways to cooperate in the energy sector amid the increasing need for a stable supply.Keep reading ...
Rachel Lee
MMC's net profit up 7.4% in first quarter
MMC Corp., a Malaysian diversified infrastructure and utilities conglomerate, said on Monday that net profit improved 7.4% year on year to 55 million ringgit ($13 million) in the first quarter of the year due to growth in its power generation unit. Revenue in the same ...
Insurers help to pay for Asia's infrastructure needs
A recent $150 million refurbishment of two decades-old geothermal power plants on the Philippine island of Luzon may sound like just another project aimed at overcoming the country’s severe electricity shortages. But, for Asia’s insurance companies, there is more to it. Bonds issued to pay ...
German bank to loan 23 million euro to power hundreds of villages in Shan State
Germany is giving Myanmar a Euro 23 million loan to supply electricity to 416 villages in southern Shan State, a Electricity and Energy Ministry official said. He that Germany had agreed to loan the funds totalling Euro 23.884 million, and the matter was now pending ...
K30b request to boost Yangon power approved
A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints ...
B Grimm signs MoU for power line in
B GRIMM Power recently signed a memorandum of understanding with Poipet PP SEZ Co, one of the largest industrial-estate operators in Cambodia, to develop a power-transmission line at its industrial park in the western city of Poipet. This will be the company’s starting point in ...
Ratch cuts reliance on power role
Ratchaburi Electricity Generating Holding has reduced the contribution from power generation to its future growth target as the company broadens its focus beyond the power business amid intensified competition in Asian power markets. Rum Herabat, chief executive of Ratch, said the company kept its growth ...
Cross-ocean line lights up island commune
Lại Sơn Island Commune in the southwestern province of Kiên Giang was officially linked to the national grid on November 26 upon the completion of the cross-ocean 110kV line, the country’s longest above-sea power project so far. The project was built by Electricity of Việt Nam’s ...
Gov’t aims for stable power tariff
The electricity sector in 2017 would strive to prevent the power tariff issue from stirring controversies among people, said Hoàng Quốc Vượng, deputy minister of Industry and Trade. Vượng said the sector has not seen complaints about power tariffs this year, as the prices have ...
