Vietnam expects to grant investment licences for three coal-fired power plants worth a combined $7.5 billion, the country's investment minister said. Although Vietnam wants to boost renewable energy output amid resources scarcity and environmental issues, it has been mostly reliant on coal-fired and hydro power plants to meet its annual electricity demand growth of around 11 percent. Two of the projects by ...

Prime Minister Narendra Modi on Tuesday proposed an Asia-Africa growth corridor supported by Japan and India. He also said India is working with the US and Japan to support development in Africa. The move comes days after China launched its ambitious One Belt, One Road (OBOR) initiative. Speaking after declaring the 52nd Annual General Meeting of the African Development Bank Group open, which is being held ...

Talks between Indonesia and the United Arab Emirates could bring the launch of a $5 billion energy project, according to news from a recent meeting between Indonesian President Joko Widodo and UAE Energy Minister Suhail Mohammed Faraj Al Mazrouei. "We know that currently the world energy market is undergoing some transformation. Of course, changes have been made with sustainable and renewable energy," the p ...

Banpu Power PCL, a subsidiary of Banpu PCL, and a leading Asian power-generating company operating both conventional and renewable power assets across Asia, has reported total revenue of Bt1.93 billion for the first quarter, an 11-per-cent increase over the same period last year. Earnings before interest, tax, depreciation and amortisation stood at Bt1.38 billion, while total net profit was Bt1.04 billion. ...

MAN compressor technology for offshore gas production in China CNOOC China Limited Zhanjiang Branch has commissioned MAN Diesel & Turbo to supply a total of six compressor trains for the DONGFANG 13-2 Gas Fields Development Project in the South China Sea. “We are delighted that a renowned company such as CNOOC Ltd. has demonstrated its confidence in our compressor technology“,states Ronnie Su, Head of S ...

South Korea will temporarily shut down 10 coal-fired power plants that are over 30 years old in June to mitigate air pollution, the office of President Moon Jae-in said in a statement on Monday. The measure comes as coal-fired power plants are being criticised for contributing to deteriorating air quality in South Korea, Asia’s fourth-largest economy. Amid these concerns, new President Moon vowed during his ...

Asia offers the best business opportunities for the globally-declining gas turbine market, according to a new report. A recent study from analysts at GlobalData states that the worldwide gas turbine market is set to fall from last year’s $8.49bn to around $7.73bn by 2021. The report states that global economic recession and the decrease in the price of gas turbines has heavily impacted market value, with a ...

Lithuanian President Daila Grybauskaite is scheduled to visit Indonesia on Wednesday (17/05) to meet with President Joko "Jokowi" Widodo and discuss bilateral cooperation. Foreign Affairs Ministry spokesman Arrmanatha Nasir said on Friday (12/05) that the leaders will discuss opportunities in increasing economic cooperation, especially in trade, as Indonesia is interested in gaining access to the Lithuanian ...

Foreign Minister Fumio Kishida and Vietnamese Deputy Prime Minister Pham Binh Minh said their countries will cooperate further on infrastructure projects in areas such as urban development and energy. Kishida said he and Minh also pledged when they met Monday in Tokyo to promote free trade, including under the Trans-Pacific Partnership free trade pact, of which both Japan and Vietnam are signatories. The fu ...

The Vietnamese power industry is undergoing an unprecedented transformation, and navigating it requires a full understanding of the entire energy ecosystem, experts say. At a conference titled “Powering Viet Nam” held in Ha Noi on Thursday, they said it was necessary to consider optimum exploitation of all power sources and deploy new technologies in storing and distributing it. Leaders of US multinational ...