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Insufficient momentum in Asia energy transition

Asia’s energy transition is underway but the pace has been insufficient to curb emissions. Reducing reliance on coal, accelerating the deployment of renewable energy sources, developing hydrogen and improving energy efficiency are areas key to lowering the region’s carbon footprint. Given its place in the global economy, Asia has a critical role in climate change mitigation and the de-carbonisation of the r ...

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NEXIF ENERGY REACHES FINANCIAL CLOSE FOR THE 154MW SNAPPER POINT POWER PLANT

Nexif Energy, the Australian and South East Asian power company, backed by Denham Capital today announced that it has reached financial close on its 154 MW Snapper Point Power Plant under construction in South Australia. This project will convert turbines using diesel to cleaner natural gas and, in conjunction with Nexif Energy’s Lincoln Gap Wind Farm, provide firm renewable power to the grid. The Snap ...

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MAN Energy Solutions commissions 200 MW power plant for Cambodian capital

11 × MAN 18V51/60DF engines ensure power supply to 70,000 households in Phnom Penh MAN Energy Solutions – together with China National Heavy Machinery Corporation (CHMC) – has commissioned a 200 MW power plant near the Cambodian capital, Phnom Penh, and handed it over to national utility, Electricité du Cambodge. The power plant consists of eleven MAN 18V51/60DF engines and covers the average energy require ...

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Perstorp to set science-based emission reduction targets in line with Paris agreement

Perstorp Group, a world leader in chemical innovation, has committed to setting science-based targets to reduce greenhouse gas emissions, in line with the Paris Climate Agreement. With ambitions to become the number one sustainable solutions provider within prioritized markets, Perstorp Group has already committed to becoming Finite Material Neutral. Now, the global chemical company has announced its commit ...

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Zhongyu Gas bucking the trend in 2020 with a low-carbon economy conducive to future growth

 In the past year, the global economy was hardly hit by the impact of COVID-19. In the first quarter of 2020, various localities suspended work and production due to the pandemic, resulting in a sharp decrease in industrial and commercial gas demand. However, after the resumption of work in full swing, the upstream price reduction policy was basically completed, and the retail prices of natural gas beg ...

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Climate change: Carbon ‘surge’ expected in post-Covid energy boom

image captionCoal-fired power stations like this one in Guizhou province, China are expected to play a role in the carbon surge The International Energy Agency (IEA) is predicting a major surge in CO2 emissions from energy this year, as the world rebounds from the pandemic. Total energy emissions for 2021 will still be slightly lower than in 2019, the agency says. But CO2 will rise by the second largest ann ...

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Power industry contracts in Asia-Pacific for Q1 2021 up 7%

Asia-Pacific power industry contracts activity in Q1 2021 saw 315 contracts announced, marking a rise of 7% over the last four-quarter average of 295, according to GlobalData’s power database. Power contracts activity in Asia-Pacific by volume; YearMonthCountQ1-20276Q2-20256Q3-20328Q4-20320Q1-21315 Asia-Pacific power industry contracts in Q1 2021: India leads activity Looking at contracts by country, India ...

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ACWA POWER SIGNS FINANCING PACKAGE FOR USD1 BILLION GAS POWER PROJECT IN UZBEKISTAN

1500 MW Sirdarya CCGT plant to provide cleaner, more efficient and cost-competitive gas power that can be utilised across industries in Uzbekistan and is expected to meet 15 percent of power demand in UzbekistanSyndicate of seven international lenders to provide USD750 million senior debt for the project ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants ...

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1.2 GW Power Project for GE in Malaysia

GE Power has won an order for 1.2 GW of power equipment in Malaysia. The 1.2 GW Pulau Indah Power plant being built by the consortium of Posco Engineering & Construction (POSCO), Mitsubishi Corp. and PEC Powercon Sdn. Bhd. will be powered by GE’s HA gas turbine technology and will consist of a two-block combined cycle power plant. Additionally, for the Pulau Indah Power Plant project in Selangor, Malays ...

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Banishing Coal in India to reach Net-Zero goals

India must phase out its coal-fired power plants by the middle of this century to achieve net-zero greenhouse gas emissions by that time, according to a new report on the challenges that’ll be posed in setting more ambitious climate targets. The nation will need to progressively reduce coal’s share in electricity generation, currently at about 65%, and remove it altogether by 2050, according to the report p ...

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