Tenaga Nasional Bhd (TNB) and its Kuwaiti joint venture partner have received a letter of award to operate and maintain a power plant in Kuwait with a contract value of RM1bil. TNB said on Monday Kuwait's Central Tender Committee had issued a letter to the jont venture of TNB and Kharafi National of Kuwait to operate and maintain the Shuaiba North co-generation (power and distillation) plant in Kuwait. "The ...

Finalisation of a new gas price and electricity tariff will be key inflexion points in the coming year, it was recently stated. Tenaga Nasional Bhd will be the biggest beneficiary of sector reform but near term upside may be limited by a delayed tariff hike and higher capital expenditure (capex). Petronas Gas Bhd is preferred as it is most leveraged to Petronas' increasing gas capex due to Gas Malaysia's re ...

Buoyed by Indonesia’s strong economic fundamentals, two major foreign companies, the Marubeni Corporation of Japan and the Doosan Group of South Korea, plan to further expand their business in Southeast Asia’s largest economy. Marubeni Corporation president and CEO Teruo Asada and Doosan Group chairman Yongmaan Park unveiled their business expansion plans during a meeting with Industry Minister MS Hidayat i ...

With no “tangible business opportunities” in India, Tata Power is actively pursuing overseas avenues especially in Africa, Middle East, Turkey and South East Asia. Tata Power Managing Director Anil Sardana in an interview emphasised that international opportunities seem to be moving faster than domestic activities. His comments come at a time when the domestic power sector is grappling with multiple woes, i ...

Global clean power industry stakeholders to gather in Bangkok next April The Clean Power industry is growing rapidly in Asia, and Thailand is at the heart of new regional developments. The 3rd annual Clean Power Asia returns to Bangkok from 29-30 April, and serves to provide updates in the renewable energy space regionally. Clean Power Asia is developed to provide a superior platform for public and private ...

Indonesia will see a massive increase in power supply this year thanks to 19 coal-fired power plants, with a combined operational capacity of 3,620 megawatts (MW). This year’s power supply, if materialized, will be the biggest since the 1998 financial crisis, according to the Energy and Mineral Resources Ministry. The plants are part of the delayed first phase of the 10,000 MW program, launched in 2006, to ...

Iran is set to inaugurate two combined cycle power plants with the production capacity of 648 megawatts in the central Iranian province of Semnan. Mohammad Reza Qalambor, the projects’ manager, said Shahid Bastami power plant in the city of Shahrood and Quds power plant in the city of Semnan would be inaugurated later on Tuesday. Qalambor noted that the project comprises four 162-megawatt units, adding that ...

Gujarat Mineral Development Corporation ( GMDC) has signed a memorandum of understanding (MoU) with South Korea's KEPCO Plant Services and Engineering Company Limited for long-term operation & maintenance of GMDC's Akrimota Thermal Power Station. The MoU is to the tune of Rs 500 crore for long-term operation and maintenance contract for 250-megawatt Akrimota Thermal Power Station, a government official ...

The Vietnam Development Bank (VDB) and Vietnam Electricity (EVN) reached an agreement on a major loan on January 7th in Hanoi Accordingly VDB will provide credit of VND 2,500 billion for EVN to implement two power projects, namely Vinh Tan 2 Thermo-Power Plant and Duyen Hai 1 Thermo-Power Plant. The two power projects will have total generation capacity of 2,400 MW, and cost VND 52,722 billion. According to ...

Mitsubishi Heavy Industries, Ltd. has received a full-turnkey order from Gulf JP UT Company, Ltd., or GUT, a wholly owned subsidiary of Gulf JP Company Limited, for the construction of a 1,600MW gas turbine combined cycle power generation plant consisting of two blocks of a 800MW power generation unit, in Thailand. MHI has also concluded a long-term parts agreement (LTPA) for the plant. The large-scale powe ...