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CTGC Rules Out New Domestic Hydro Projects

China Three Gorges Corp (CTGC), operator of the world's largest hydropower plant, is turning to projects offshore, a senior official said, as domestic costs soar and space runs out on the country's crowded rivers. "We don't have any plans to build more hydropower projects in China but will develop more projects overseas," said Sun Zhiyu, the company's vice-president, on the sidelines of a meeting. "We alrea ...

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Will Bangladesh Reach its RE Target By 2020?

The country faltered in attaining its previous target but has since gained momentum When it comes to generating green energy, Bangladesh’s past performance has seen a mix of success and failure.  The government did not attain its goal of generating five percent of the country’s electricity from renewable sources by 2015; but that did not deter it from continuing to aim high. The government is now eyein ...

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China Will Be Global Renewables Superpower

The continuing growth in renewable energy around the world is set to boost the power of China while undermining the influence of major oil exporters such as Russia and Middle East states like Saudi Arabia, according to a new report on the geopolitical implications of the changing energy landscape. With a leading position in renewable energy output as well as in related technologies such as electric vehicles ...

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Cutting Energy Costs

A Virgin Startup backed renewable energy firm aims to provide energy self-sufficiency to homeowners and cut their electricity bills by up to 80 per cent. Resilience Energy aims to become the “Uber of the electricity industry” by giving customers the hardware, software and contracts they need to produce, store and sell renewable energy, and an app to monitor the system’s performance. Customers ...

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Hero Future Close To Acquiring Solar Assets of Waaree Energies Ltd

Hero Future Energies, the renewable power venture of the New Delhi-based Munjal family, is close to buying the solar power generating assets of Waaree Energies Ltd in a Rs 500-550 crore deal, said two people aware of the development. Mumbai-based Waaree is primarily a maker of solar photovoltaic (PV) modules and an engineering, procurement and construction company in solar energy. It also has a 100 megawatt ...

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How Will The Philippines Meet Ambitious Electricity Demand?

THE Philippines needs new power plants if it is to provide the electricity that will deliver the government’s ambitious growth plans. The country risks falling behind its neighbors as it competes for foreign direct investment in generation infrastructure. It also faces a future locked into expensive and polluting coal. The question for government is: “How do we create a level playing field for the developme ...

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Northeast Asian Power Grid Will Cost $6.2 Billion!

SEOUL — A cross-border power grid system that would connect South Korea with China, Russia and Japan is expected cost over 7 trillion won (US$6.2 billion) to build, a state-run utility firm said today. In a feasibility report submitted to parliament, the Korea Electric Power Corp. (KEPCO) said connecting the electricity system between the four nations for the so-called Northeast Asia super grid would cost a ...

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Hyundai Investing Big In Hydrogen Fuel Cell Vehicles

Hyundai Motor Group announced Tuesday that it would invest US$6.7 billion in hydrogen fuel-cell electric vehicle (FCEV) production facilities in a bid to seize the first-mover advantage in the sector. The group, which encompasses South Korea’s two biggest carmakers, Hyundai Motor and Kia Motors, plans to create production capacity of 500,000 FCEVs annually through 2030, according to a press release by the c ...

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TNB To Boost Renewables

The government is targeting to grow renewable energy’s (RE) proportion of generation mix from the current 2% to 20% by 2025-2030, amid escalating prices of fuel to supply the electricity industry. This bodes well with the electricity supply industry (ESI), now grappling with the escalating global coal price. Eventually, this new target might allow for more stable tariffs in the future, analysts said. [capti ...

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TEPCO Acquire Stake in Coc San Hydro Plant Vietnam

Tokyo Electric Power Company Holdings Inc (TYO:9501), or TEPCO, announced today that it has acquired a minority stake in the 29.7-MW Coc San hydropower plant (HPP) in Vietnam. TEPCO said in a statement it has bought 36.38% of the shares in Singapore-based Viet Hydro Pte Ltd, which is the majority owner of the company that operates the plant, namely Lao Cai Renewable Energy JSC (LCRE). Separately, InfraCo As ...

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