Tenaga Nasional Bhd (TNB) are emerging as the clear favourites to secure the tender for the 2,000-megawatt greenfield coal-fired plant, more commonly known as Project 3B in Malaysia. This is down to a number of factors but the main reason owes to the fact that TNB remain the only offtaker for electricity generated in Peninsular Malaysia. TNB -China National Machinery Import & Export Corp is one of the f ...

A recent public forum has heard that coal is not the right solution for the country’s energy needs. Experts warned that the fuel’s detrimental impact on the environment and well being of Myanmar citizens mean its use would be a step backward in the fight to tackle the country’s sustainability goals. The forum, held in Yangon June 29 was timed to coincide with a Global Action Day to End the Age of Coal. Mr U ...

Thailand plans to increase production of electricity from renewable sources to 25 percent of total output over the next 10 years to reduce imports and boost energy security, the Ministry of Energy said. Power generation from renewables will jump by 51 percent to 13,927 megawatts by 2021, from a current target of 9,201 megawatts, the ministry said in a statement yesterday. Under the new goal, approved by the ...

Australia will replace its carbon tax with an emissions trading scheme (ETS) a year earlier than planned should Prime Minister Kevin Rudd's Labor government win this year's election. Rudd said today he wants the fixed price on carbon emissions to end on 30 June 2014, with a floating market linked to the European Union's ETS opening the following day. The Prime Minister's announcement that he would "terminat ...

Diversified energy utility AGL has swooped on troubled electricity retailer Australian Power and Gas, with an agreed takeover bid at 52 cents a share, a 33 per cent premium to the share price. Before the agreed offer, Australian Power shares were trading at 39 cents, which valued the company at $75 million. AGL has bought a 19.9 per cent stake in the target which gives it a strong position from the outset.  ...

Printing ink and materials manufacturer Toyo Ink Group Bhd is seeking shareholders’ consent for its diversification into the power sector in Vietnam, a project it first mooted in 2007. The 2,000MW coal-fired Song Hau 2 facility in Hau Giang, Vietnam, is estimated to cost US$3.5bil (RM11.2bil), it said in a filing with Bursa Malaysia yesterday, some US$1bil (RM3.2bil) more than what was announced in 2011. Th ...

Talk of switching to a floating carbon price was less than 24 hours old when one renewable energy company revealed plans to join, rather than beat, the fossil fuel industry. After years of trying to commercialise geothermal energy in the South Australian outback, ASX listed Petratherm announced plans to diversify into shale oil and gas in Tasmania. ”This decision by Petratherm to extend into unconventional ...

GVK Power has asked the government to consider its request for tapering linkages to meet the coal requirement of its 540 MW thermal power plant in Punjab, saying that if allocation is done the company will then be in a position to begin electricity generation from next month. "We request your kind consideration for approval of our request for a tapering linkage which will enable the company to start generat ...

Tenaga Nasional Berhad (TNB) through its wholly-owned subsidiary, TNB Repair and Maintenance (TNB REMACO) and Kharafi National of Kuwait recently signed with Kuwait's Ministry of Electricity & Water (MEW) for the Operation & Maintenance (O&M) of Shuaiba North Co-Generation (Power & Distillation) Plant in Kuwait. The seven year contract is valued at KD88.882million (approximately RM1.0billion ...

NTPC is hopeful of commissioning its 1600MW thermal power plant at Darlipali village in Sundargarh district within five years. "We have received both land and environment clearance for the project. There is a positive development on forest clearance as well. Hopefully, we will complete the project in five years," said NTPC chairman-cum-managing director (CMD) Arup Roy Choudhury. The central PSU has proposed ...