Archive | September, 2010

INDONESIA: Herbert Smith advised Banpu on US$400m sale of stake in coal mining unit

  (EnergyAsia, October 1 2010, Friday) — Law firm Herbert Smith LLP said it and Indonesia’s Hiswara Bunjamin & Tandjung (HBT) jointly advised Thailand’s largest coal miner, Banpu, on the recent sale of its 8.7% stake in its listed Indonesian subsidiary, PT Indo Tambangraya Megah Tbk (ITMG), for US$400 million.  (US$1=8,970 rupiah). The transaction is […]

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INDIA: US-based Hydrovolts receives order and investment to deploy hydropower solution

  (EnergyAsia, October 1 2010, Friday) — Hydrovolts Inc, a Seattle, US-based hydropower company, said it has received a US$250,000 investment to develop a 25kW hydrokinetic canal turbine for US-based civil engineering firm DLZ Corp for hydropower projects in India. According to Hydrovolts, DLZ Corp has obtained permits and a power purchase agreement to develop […]

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MARKETS: Smart grid pilots require regulatory change, consumer focus, says Accenture and WEF report

  (EnergyAsia, October 1 2010, Friday) — For smart grid investments to pay off, policy makers must introduce regulatory incentives and utilities must improve their engagement with consumers, according to a joint report by Accenture and the World Economic Forum. The report, “What makes a successful smart grid pilot?” assesses some of the world’s 90 […]

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MARKETS: OPEC maintains world oil demand to grow by 1.2% to 85.5 mb/d in 2010, 86.5 mb/d in 2011

  (EnergyAsia, October 1 2010, Friday) — OPEC is maintaining its forecast for world oil demand to grow by around 1.05 million b/d or more than 1.2% to 85.5 million b/d in 2010, and by around the same rate next year. The Organisation of Petroleum Exporting Countries said that stimulus packages in key consuming countries […]

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ASIA: Singapore to lose competitive edge in manufacturing, says study

  (EnergyAsia, October 1 2010, Friday) — Asia’s power houses China and India, along with South Korea, are expected to continue dominating the global manufacturing sector in the coming years, while Singapore and developed nations may lose their competitive edge, according to a joint research report by Deloitte and the US Council on Competitiveness. Japan,  […]

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RUSSIA: China hosted President Medvedev to celebrate start-up of first cross border oil pipeline

(EnergyAsia, September 30 2010, Thursday) — China and Russia raised their ties to a new level this week with the completion of their first cross-border pipeline delivering crude oil from the world’s largest oil producer to the world’s largest energy user. They have also begun work on building a US$5 billion oil refinery in the […]

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AUSTRALIA: China approves firm’s A$30 million investment in coal project with MetroCoal

(EnergyAsia, September 30 2010, Thursday) — The Chinese government has approved China Coal Import & Export Company (CCIEC)’s application to transfer A$30 million to its Australian subsidiary for the establishment of a joint venture with Australia’s MetroCoal to develop the Columboola coal reserves in Queensland’s Surat Basin. (US$1=A$1.05). Australia-based MetroCoal Limited made the announcement on […]

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