The company said that it disbursed last Wednesday a total of P50 million from proceeds of its SRO in November last year through which the company raised P1.627 billion. The latest amount adds to the P649.83 million released last year to fund the same project.   “The corporation shall use the funds for expenses in relation to its investment in a 54-MW wind energy project in San Lorenzo, Guimaras…” the d ...

India plans an agency to oversee the development of offshore wind farms as the country’s best sites on land fill up, prompting it to promote projects at sea. The Ministry of New and Renewable energy will seek cabinet approval soon to set up the agency, the government said today in a statement, citing Renewable Energy Minister Farooq Abdullah. India is already Asia’s biggest wind-turbine market after China i ...

  Hanergy Holding Group, parent of leading thin-film module manufacturer Hanergy Solar, has signed a financing agreement with China's Minsheng Bank and the Asia Financial Cooperation Association, a regional organization made up of small and medium-sized banks and financial institutions. The strategic partnership, signed on Wednesday in Beijing, provides up to CNY 20 billion ($3.26 billion) over the nex ...

Greenpeace has found a huge plume of black water covering an area estimated as 50 Olympic standard swimming pools off the coast in Eastern Shishi City, China, where a discharge pipe of an industrial zone lies under the sea surface. Lab testing found toxic chemicals including hormone disruptor Nonylphenol and heavy metal in the water discharged by factories in the industrial zone. Violation of environmental ...

Legislators from across South Asia have promised to pool their efforts to cope with the impacts of a changing climate, which they see as a common threat to achieving sustainable development. Pakistani parliamentarian Syed Mushahid Hussain, who also chairs the Asian Parliamentary Assembly, said some 120 participants at a December conference in Islamabad agreed to collaborate on climate change adaptation and ...

New Asia Investments' portfolio holding, GD Wasser, announced Monday that the company has completed a new water treatment project in Vietnam.   In a statement Monday, it said that the project involved the upgrade of an existing waste water treatment facility at the Duc Hoa industrial park. The plant is now in the commissioning phase.   The new waste water plant is located at Duc Hoa, Long An provi ...

Most of the money earmarked by state-owned Taiwan Power Co (Taipower) and CPC Corp, Taiwan (CPC) for environmental protection, has instead gone toward what he called “bribing the community,” Taiwan Solidarity Union Legislator Hsu Chung-hsin (許忠信) said yesterday. Hsu told a press conference that he would boycott the two companies’ budgets if they refuse to change the way they regulate their combined total th ...

  Alstom T&D India today said it has bagged an order worth Rs 54.4 crore for supplying equipment to Bihar State Power Transmission Company.

"Alstom T&D India has secured Rs 54.4 crore turnkey contract from Bihar State Power Transmission Company Limited," the company said in a statement.

The state government of Bihar plans to add a number of new voltage level substations at various locations i ...

Energy is the lifeblood of economic growth. It keeps factories and offices running, ports and airports humming and shopping malls in business. Asia's extraordinary growth story has given the power-hungry manufacturing sector a starring role. The region's energy consumption is now twice US levels. And there are no signs that the expansion of this appetite for energy will slow. At the same time, a heavy depen ...

Goldpoly New Energy Holdings Limited ("Goldpoly" or "the Company," HK stock code: 686, whose largest shareholder is China Merchants New Energy Group "CMNE"), a leading solar power plant investor and operator in China, today announced that Goldpoly, together with its shareholder company Renewable Energy Trade Board Corporation ("EBOD", a renewable energy trading platform under CMNE), that the 180MW solar pow ...