Vietnam plans to sell a 34.7 per cent stake in power producer Vinacomin Power Holding Corp, worth about 3.3 trillion dong (S$196.9 million), the government said on its website on Thursday. The move follows a government order last year to speed up privatisation of electricity-generating firms. The state, which owns 99.68 per cent in the country's third-biggest power producer, plans to reduce its stake to 65 ...

The latest of four meteorological events, Tropical Storm Sonca, have government officials in Thailand, Laos, Cambodia and Vietnam monitoring reservoirs and electricity production facilities, including water discharged from the 1,920-MW Hoa Binh hydropower plant, the largest hydropower project in the region. Tropical Storm Sonca is the fourth major storm to hit Vietnam this year and earlier this month, Tropi ...

Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia’s largest independent renewable energy producer valued at up to $5 billion, sources familiar with the matter said. Japanese trading companies, global pension funds and buyout firms are also in the fray to buy Singapore-based Equis, the sources said, at a time when many Asian governments are expanding th ...

As the focus is shifting from hardware to software and the digital potential is explored to provide energy solutions such as in case of blockchain, demand side management, IoT and smart grids, GIZ, a state-owned company supporting the German government in reaching its sustainable development goals, has come together with CalCEF/New Energy Nexus, TechGrind, CU Innovation Hub, and KX, to launch the Smart Ener ...

A UNIT of AC Energy Holdings Inc. (AC Energy) has partnered with UPC Renewables Asia Pacific Holdings Ltd. and UPC Renewables for a power project in Indonesia. “AC Energy International Holdings Pte Ltd. entered into a development funding arrangement with Asia I Ltd. for the development of small island power projects in Indonesia,” AC Energy said. Under the terms of the agreement, AC Energy International agr ...

German engineering company Siemens said its joint venture with Spain's Gamesa has won an order to supply  20 gearless SWT-3.6-130 wind turbines for an onshore wind power plant projet in Indonesia. The ‘Tolo 1’ onshore wind project is being developed by Equis Energy, the largest renewable energy IPP (independent power producer) in the Asia-Pacific region and the plant will be installed by the end of this yea ...

Wastewater treatment plants, while good for the environment in that they treat and clean wastewater, are nonetheless energy guzzlers. The Electric Power Research Institute and Water Research Foundation released the results of a study conducted in 2013 that concluded that the plants alone consumed an estimated 30 billion kilowatt hours of electricity annually, equivalent to around 0.8 per cent of the total e ...

French energy company Engie is in talks with Singapore-based renewable energy developer Equis Energy to acquire projects from its India portfolio comprising green energy platforms Energon and Energon Soleq, two people with knowledge of the matter said. “Engie is looking to acquire selective assets of Equis Energy,” said one of the persons cited above requesting anonymity. The other person, who also did not ...

Ayala-led AC Energy Holdings Inc. is looking at renewable energy investments in Vietnam, seeing opportunities in the neighboring country's aggressive privatization of its government assets. "We're doing a lot of early business development works in Vietnam. We're very busy right now," AC Energy president and CEO Eric Francia told reporters on the sidelines of a forum in Parañaque City. Francia said that the ...

LISTED AboitizPower Corp. said on Tuesday it plans to set aside up to $500 million over the next five years to invest hydro power projects in Southeast Asia, particularly in Myanmar, Indonesia, and Vietnam. In a television interview, Aboitiz President and Chief Operating Officer Antonio Moraza also said the company will finish the construction of one hydroelectric plant before the end of the year and plans ...