October 2017 - Pimagazine Asia
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Final Bidders in Origins Metering Unit

Private equity firm KKR & Co and Australian government owned power infrastructure company Ausgrid are reported to have emerged as the final two bidders for Origin Energy’s metering unit – Acumen Metering – with both contenders slated to submit the bid for the asset next week. According to a report from The Australian last week, the bids from KKR and Ausgrid will be submitted by Wednesday. Bank of Americ ...

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Solar Cost Will Fall Further

Solar power costs will fall by another 60 percent over the next decade giving an already booming market another boost, the head of the International Renewable Energy Agency (Irena) said on Monday. Solar power is in the midst of boom because of sharp drops in costs and efficiency improvements, pushing global capacity from virtually zero at the start of the century to 300 gigawatt (GW) by the end of 2016, a f ...

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Ayala Complete Indonesian Wind Project

PT UPC Sidrap Bayu Energi, a special purpose company led by the energy unit of Ayala Corp., expects its $150-million, 75-megawatt wind project in Indonesia to start commercial operations in the first quarter of 2018. AC Energy Holdings Inc. said in a statement the wind project was “nearing 70-percent completion.” The group “has started the installation of 30 Gamesa G114 2.5-MW wind turbine generators since ...

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Nebras Power Invests $1 Billion into Indonesian LNG

Qatar's Nebras Power has agreed to invest $1 billion in a natural gas-fired power station on the island of Sumatra and related floating infrastructure to process liquefied natural gas (LNG), Indonesia's deputy energy minister said on Monday. Of that amount, $800 million would go toward a power station and the remaining $200 million was for a floating storage and regassification unit (FSRU), Deputy Energy an ...

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Philippines ripe for Smart Energy Solutions

With the Philippines’ cost of power among the highest in the region and being one of countries that are most vulnerable to natural disasters, the country is ripe for smart energy solutions. Pierre Cheyron, chief executive officer of ENGIE Services Asia-Pacific, is undertaking a more aggressive ambition in the Philippines with its smart energy systems. The company ENGIE Services Asia-Pacific is part of the E ...

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China Pushes Forward With Pakistan Hydro Project

China plans to complete ahead of schedule a USD two billion hydropower project in Pakistan- occupied Kashmir to ease energy crisis in Pakistan. Karot Hydropower Project is being built on Jhelum river on "Build-Own-Operate-Transfer" basis for 30 years. It will be owned by the Chinese company for 30 years, after which ownership will be turned over to the government of Pakistan. Karot Power Company Limited, a ...

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Can Floating Wind Turbines Power The World?

In the search for alternative energies, wind turbines have presented as a possible replacement for fossil fuels. Now researchers from the Carnegie Institute for Science have published research suggesting that offshore wind turbines might be able to create enough energy to provide “civilization-scale power.” The research article, by Anna Possner and Ken Caldeira, was published by the Proceedings of the Natio ...

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Rural Electrification Asia

Cost-effective advanced battery technology is helping solar companies tap into the rural electrification market, which covers 18% of the world’s population. One start-up, Hong Kong-based Plug the Sun, is aiming to install 25,000 rural electrification systems over the next year within two projects alone. The company will be selling the systems for USD$600 each, which includes Chinese-made solar panels and ba ...

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Enel Starts Construction of Australias Largest Solar Plant

Enel, through a joint venture between the Group’s fully-owned renewable energy subsidiary Enel Green Power S.p.A. (“EGP”) and Dutch Infrastructure Fund (“DIF”), has begun construction of the 137.7 MW1 Bungala Solar One photovoltaic (PV) plant, which is located near Port Augusta in South Australia. The plant constitutes the first part of the Bungala Solar PV Project, whose capacity will total more than 275 M ...

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EIB’s €800m for India’s Renewables Sector

The European Investment Bank (EIB) has agreed to provide an €800m loan to promote investment in India’s renewable energy market. To be used to support small-scale renewable energy (RE) projects across India, this funding will be one of the bank’s largest energy investments in Asia. The EIB has also partnered with the Indian Renewable Energy Development Agency (IREDA) and India Infrastructure Finance Company ...

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