Archive | January, 2010

THAILAND: Egco to partner with Hong Kong’s CLP and Mitsubishi to build solar cell farm

(EnergyAsia, February 1 2010, Tuesday) — Thailand’s Egco Group will partner with the Thai subsidiary of Hong Kong-based China Light & Power and Japan’s Mitsubishi to develop a nine-billion baht photovoltaic solar-cell farm. (US$1=33 baht). Their equally owned joint venture, Natural Energy Development Co, will develop the plant in Lop Buri in central Thailand. At […]

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TAIWAN: Two-hectare solar power plant unveiled

(EnergyAsia, February 1 2010, Monday) — Taiwan has unveiled what it claims to be Asia’s largest solar power plant on a two-hectare site in southwest Kaohsiung county. The one-megawatt facility, which recently began operations, will help Taiwan reduce its carbon emissions by as much as 700 tonnes per year. The state Atomic Energy Council has […]

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PHILIPPINES: Oriental Peninsula to invest 2.4 billion peso in mini hydropower plant

(EnergyAsia, February 1 2010, Monday) — Philippines-listed Oriental Peninsula Resources Group Inc said it plans to invest 2.4 billion peso to construct a mini-hydropower plant in the country’s southwest region. (US$1=46 peso). The firm recently announced it would acquire a 40% stake in affiliate Oriental Energy Power Generation Corp, which has a contract to build […]

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ASIA: Palm oil planters under pressure to adopt sustainable practices

(EnergyAsia, February 1 2010, Monday) — Palm oil producers are expected to increase their focus on the Asian markets following consumer giant Unilever’s decision to stop buying from an Indonesian planter accused of destroying the rainforests. Along with other European firms, Unilever has been under growing pressure from environmental groups such as Greenpeace and Friends […]

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IRAQ: Eni, Occidental Petroleum and KOGAS sign technical service contract to redevelop Zubair field

(EnergyAsia, January 29 2010, Friday) — A consortium comprising Italy’s Eni, US Occidental Petroleum Corporation and Korea Gas Corporation (KOGAS) said it has jointly signed a technical service contract with Iraq’s state-owned South Oil Company (SOC) and Missan Oil Company to redevelop the Zubair field, near Basra in southern Iraq. The signing follows the initialising […]

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INDONESIA: Local coal producer signs contract to supply Germany’s HMS Bergbau AG

(EnergyAsia, January 29 2010, Friday) — HMS Bergbau AG, the Germany-based international coal trading group with operating expertise in coal mining, logistics and trading, said it has signed an exclusive contract with a coal producer based in Indonesia. The long-term contract with the unnamed company secures the supply of a considerable annual trading amount of […]

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MARKETS: Volcker says banks should be barred from risky financial activities

(EnergyAsia, January 29 2010, Friday) — US President Barrack Obama’s economic recovery adviser Paul Volcker has argued that risky financial activities including commodity derivative trading should be left to hedge funds while banks should be barred from them altogether. Speaking at a recent business conference in the UK, he said banks should stick to providing […]

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