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November 2019 - Pimagazine Asia
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Malaysia’s TNB Doubles Net Profit

Malaysia's state-controlled electric utility, Tenaga Nasional said Wednesday its third quarter net profit more than doubled from a year earlier thanks to a sharp fall in fuel cost and increase in other operating income. Net profit for the three months ended Sep. 30 totaled 1.2 billion ringgit ($286.9 million) compared with 501 million ringgit over the same quarter last year, Tenaga said in an exchange filin ...

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AC Energy raise $400 Million from green bond issue

AYALA-LED AC Energy, Inc. has valued its senior perpetual fixed-for-life green bond issuance at $400 million with a fixed coupon of 5.65% with no step-up and no reset, its listed unit said on Wednesday. “This represents the first US dollar denominated fixed-for-life green bond ever issued globally,” AC Energy Philippines, Inc. told the stock exchange. It said the bonds will be issued by AC Energy Finance In ...

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Does China control Philippines National grid?

Philippine senators have called for an investigation into the security implications of China’s part ownership of the national energy grid after officials said engineers in Beijing could plunge the entire country into darkness with the flick of a switch. National Transmission Corporation (TransCo) president Melvin Matibag confirmed there was a “possibility” of such a scenario during deliberations in the Sena ...

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Hydrogen, the only solution?

Energy transition and decarbonisation are becoming increasingly critical to addressing the ever-growing concerns of climate change. In spearheading decarbonisation efforts, we must pay special attention to the development of hydrogen.  Hydrogen is more than just another option that we can add to the long list of clean technology as it can provide an energy supply which is uniquely flexible. This added ...

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ASEAN’s Path for Sustainable Infrastructure

The October announcement by Singapore’s Infrastructure Asia, and the Asian Development Bank (ADB), to develop bankable green infrastructure projects across Southeast Asia is a positive move. We now need industry players to step up to ensure the demand for infrastructure investment is realised. The case for sustainable development across Southeast Asia is irrefutable given the region is increasingly and disp ...

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Is the Sun setting on India’s Solar dreams?

 In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts (GW) of non-fossil fuel power by 2022. With this, he more than doubled the initial target of 175GW of green energy that his own government had set in 2018. “We must accept that if we have to overcome a serious challenge like climate change, then what we ar ...

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MC and Chubu Named Preferred Buyers in Bid for Dutch Energy Company “Eneco”

 Mitsubishi Corporation (MC) and Chubu Electric Power Co., Inc. (Chubu) have been selected as the preferred buyers in a bid for the Dutch Energy Company "Eneco"(1). Through their joint establishment of a special purpose company in the Netherlands called Diamond Chubu Europe B.V., MC and Chubu expect to acquire up to 100% of Eneco's shares at a value of 4.1 billion euros. Active mainly in the Netherland ...

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Rolls-Royce & VPower Group expand collaboration with order for MTU gas gensets

•       Contract for delivery of over 200 MTU Series 4000 gas gensets •       Largest order for MTU gas gensets ever •       Gensets will be used globally in VPower projects HONG KONG, CHINA Rolls-Royce and VPower Group have strengthened their strategic relationship by signing a landmark deal for the sup ...

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BSES & Power Ledger Launch Solar Energy Trading Platform

BSES Rajdhani Power Limited (BRPL) has partnered with Power Ledger, a blockchain-based renewable energy trader, and launched trials for a peer-to-peer (P2P) energy trading platform. The platform will allow residents with rooftop solar installations to sell excess energy to their neighbors instead of letting it flow back to the power grid. The idea is to enable participants easier and cheaper access to renew ...

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Terra Drone Demonstrate Drone for Medco Energi

Team Terra Drone Indonesia with officials from Medco Energi and C-Astral Bramor C4EYE UAS (Click here to see video) Purwakarta, Indonesia – Terra Drone Indonesia, a group company of Japan-based Terra Drone Corporation, has conducted a demonstration to showcase the advantages of UAV-based pipeline monitoring to Indonesian oil and gas group Medco Energi Internasional Tbk PT. The demo was completed on Nov ...

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