Vietnam Oil and Gas Group has secured an agreement with a consortium of four global banks for a $141 million syndicated loan to help finance construction of its $1.67 billion coal-fired power plant project, the state-owned energy company said Thursday. The oil and gas company, known as PetroVietnam, said in a brief statement that it has signed an agreement for the syndicated loan with Citibank NA, the Japan ...

The Prime Minister Manmohan Singh-headed Cabinet Committee on Investment (CCI) has cleared 36 projects worth Rs 1.9 lakh-crore which were stuck across five key infrastructure sectors of power, roads, ports, cement and petroleum. The development would benefit Reliance Power, GMR, Lanco, Essar Power and Jindal Power, among others. The decision covers 28 projects in the power sector alone,   languishing for wa ...

THE ELECTRICITY Generating Authority of Thailand plans to adopt for its four new coal-fired power plants techniques deployed effectively in Japan, to assure the Thai public of minimum environmental impacts. Each of the four new plants will produce 800 megawatts of power. According to Rangsan Athamanolap, Egat's assistant governor for corporate social affairs, coal will remain a major fuel for generating ele ...

RATCHABURI Electricity Generating Holding under its new president will adjust its business strategies to boost growth, teaming up with others in the Electricity Generating Authority of Thailand (Egat) group and tapping the Myanmar market. According to Ratch president Phongdit Photchana, who was appointed in July, company executives will brainstorm next month to formulate strategic plans and set a more chall ...

Greenearth Energy, an Australian geothermal energy company, says the future of Geelong geothermal project is in doubt after it was denied funding by the Federal Government’s Australian Renewable Energy Agency. Greenearth said its flagship commercial development opportunity, the 12MW Geelong Geothermal Power Project, has been unsuccessful in its expression of interest for funding under the Federal Government ...

Hitachi, Ltd. today announced that Hitachi will supply steam turbine, generator and boiler for an ultra-super critical coal-fired thermal power plant project in Malaysia. This 1,000-MW plant is being constructed under a turn-key order by a consortium made up of Sumitomo Corporation and major South Korean construction company Daelim Industrial Co., Ltd. This order will mark the first time that Hitachi has su ...

Tenaga Nasional Bhd (TNB) has appointed a consortium led by Sumitomo Corp and Daelim Industrial Co Ltd to design, supply, construct and commission a new 1000-megawatt coal fired power plant in Manjung, Perak. The project, known as the Fast Track Project 3A, was awarded to TNB earlier this month. "The new coal fired generation facility is targeted to be operational by Oct 1, 2017,'' TNB said in a short state ...

Lignol Energy Corporation (LEC), a specialist in advanced biofuels and renewable chemicals, plans to invest up to a further A$1,000,000 in Territory Biofuels Limited (TBF), the owner of the largest biodiesel plant in Australia. Upon completion, LEC will increase its majority holding to up to approximately 66% of the issued and outstanding shares of TBF and up to approximately 68% on a fully diluted basis. " ...

Mitsubishi Heavy Industries, Ltd. (MHI) has received a full-turnkey order for the construction of a 977MW (megawatt) gas turbine combined cycle (GTCC) power generation plant from Khanom Electricity Generating Co., Ltd. (KEGCO), an independent power producer (IPP) in Thailand. The plant is to comprise of two trains of a 488.5MW power generation unit, with both blocks slated to go on-stream in June 2016. MHI ...

The development of Mindanao as the palm oil capital of the Philippines has become the current focus of  the Mindanao Development Authority (MinDA). MinDA Chairman Luwalhati Antonino said the agency has initially identified close to 200,000 hectares of farmlands as suitable for oil-palm plantation. Negotiation for developing these areas is already under way. Antonino disclosed that several private companies ...