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 ...

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 ...

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 ...

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 ...