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$2.5 Billion Renewable fund for South East Asia

A RENEWABLE-ENERGY fund will invest more than $2.5 billion in Southeast Asian renewable energy projects to support the region’s recovery from the pandemic, with a focus on the Philippines, Vietnam and Indonesia. In a statement issued Monday, the South East Asia Clean Energy Facility (SEACEF) said it will offer high-risk venture capital-type funding initiative to “fill the gap” in financing early-stage clean ...

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KEPCO to build 2 coal plants in Indonesia

SEOUL -- At a board meeting of Korea Electric Power Corporation (KEPCO), a state electricity company in South Korea, commercial interests were put first to endorse an equity investment in the construction of two coal-fired power plants in Indonesia where environmental harm caused by coal-fired power plants has caused serious public concern. KEPCO said the board of directors approved a 15 percent equity inve ...

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