(EnergyAsia, July 23) — China’s Yingli Green Energy, a vertically integrated photovoltaic (PV) product manufacturer, said it has signed a long-term agreement to supply polysilicon Wacker Chemie of Germany from 2010 through 2018. Yingli Green Energy will produce 400MW of PV modules over the life of the agreement. Chairman and CEO Liansheng Miao said: “This...
(EnergyAsia, July 23, Monday) — IndianOil Corp said its subsidiary, Chennai Petroleum Corporation Ltd (CPCL), recently commissioned a 17.6MW windpower plant at Palghat pass near Pollachi in the southeastern Indian state of Tamil Nadu. The Rs 850 million wind farm was recently opened by Sarthak Behuria, chairman of the IndianOil Corp. He said: “Wind power...
(EnergyAsia, July 23, Monday) — A Kuala Lumpur company involved in gas and fuel supply said it will build fuel storage tanks with a total capacity of 20 million litres to support the palm oil industry in the Malaysian state of Sabah. Petrobase Resources Sdn Bhd, a subsidiary of the Sukimi group, said it will build...
(EnergyAsia, July 23, Monday) — The Singapore Exchange (SGX) said it will be offering two new over-the-counter (OTC) contracts for Dubai crude and kerosene swaps from August 2. Subsidiary AsiaClear will offer to clear the OTC balance-of-month (BOM) Dubai crude oil swap and kerosene swap contracts. The two new contracts complements AsiaClear’s suite of BOM...
(EnergyAsia, July 23, Monday) — Tamil Tiger (LTTE) militia said it will focus on economic targets in the next phase of its violent campaign for a separate nation on the island of Sri Lanka. A senior LTTE political figure, S.P. Tamilselvan, said the attacks on power plants, oil facilities including storage terminals and retail outlets,...
(EnergyAsia, July 20, Friday) — Bahrain’s Gulf Finance House (GFH) and Gulf Energy said they are planning to invest $5 billion in an energy hub in a city 30 km away from Beijing. Energy City China, which will include a business and residential component, will be the largest Middle East investment in China when it...
(EnergyAsia, July 20, Friday) — A cargo of liquefied natural gas (LNG) recently arrived at Prigorodnoye in the south of Russia’s Sakhalin Island, where Sakhalin Energy is building Russia’s first LNG plant. Sakhalin Energy said this is the first of two shipments to be used in the initial commissioning and testing of the LNG plant....
(EnergyAsia, July 20, Friday) — The investors in the much-delayed Rs189 billion Bhatinda oil refinery project are hoping to complete their financing by the end of this month. (US$1=Rs41). Steel tycoon L.N. Mittal and India’s state-owned Hindustan Petroleum Corporation Ltd are racing to build the nine-million-tons/year plant by 2010. The refinery, first proposed in the...
(EnergyAsia, July 20, Friday) — A leading Canadian bank, CIBC, is predicting the price of crude oil will hit US$100 by the end of 2008 on rising world demand and a growing supply gap. In a report, the bank said “triple digit” oil prices might become permanent as major oil-producing countries in the developing (non-OECD)...
(EnergyAsia, July 20, Friday) — Singapore’s Swiber Holdings Limited, a niche service provider to the offshore oil and gas industry, said it incorporated a wholly owned subsidiary, Swiber Offshore India Private Limited, in Mumbai city in India. The new unit will be headed by appointed industry veteran Bijan Kumar Mahapatra as vice president for the...
(EnergyAsia, July 20, Friday) — PetroChina Company Limited said its first half 2007 crude output edged up by 0.1% to 419 million barrels over the same period last year. Output of marketable natural gas reached 798 billion cubic feet, representing an increase of 113.3 billion cubic feet, or 16.5%. Production began at the new Tarim...
(EnergyAsia, July 20, Friday) – Dubai’s state-owned investment firm Istithmar PJSC will pay HK$407 million Hong Kong dollars (US$1=HK7.78) for a stake in Hong Kong-listed oil storage company Hans Energy Co. Istithmar PJSC will help fund Hans Energy’s expansion plans which include the construction of a two-million-barrel oil terminal in Guangdong that will be followed...
(EnergyAsia, July 20, Friday) — SustainAsia, a Hong Kong-based sustainability consultancy and Enablon, a leading provider of corporate responsibility and EHS management software solutions, have teamed up provide full end-to-end compliance and sustainability solutions. Enablon will provide dedicated software solutions and SustainAsia will offer consulting and support services around their implementation. The partnership will enable...
(EnergyAsia, July 20, Friday) NYSE-listed Cummins has broken ground on its first fuel systems plant outside North America. Cummins Fuel Systems – Wuhan will be the company’s 13th production facility in China when it begins production early next year. Wuhan also is home to a regional Cummins service center and a technical center joint venture...
(EnergyAsia, July 20, Friday) — US engineering group Honeywell will be hosting the Honeywell Users Group South East Asia Symposium 2007 in Kuala Lumpur, Malaysia from July 23 to 25. Venue: The Westin, Kuala Lumpur, Malaysia The symposium, a leading conference for the automation industry, facilitates the exchange of information and ideas featuring excellent user...
(EnergyAsia, July 19, Thursday) — The following senior executives and government officials will be attending IQPC’s Advanced Global Biofuels Summit 2007 in Singapore on September 3 to 6. Australia: Selwyn Snell, CEO, Single Vision Grains. Baldave Singh, New Energy Finance. Mike Cochran, Ecco Consulting. Graeme Bethune, Energy Quest. India: S.D. Pathak, CEO, Gugarat Oleochem. Avinash...
(EnergyAsia, July 19, Thursday) — The Japan Bank for International Cooperation (JBIC) has signed an agreement to strengthen bilateral ties with the government of oil-rich Azerbaijan. JBIC said the agreement will help support the creation of natural resource-related and infrastructure businesses between the two countries. More specifically, JBIC and the Azeri government will exchange information...
(EnergyAsia, July 19, Thursday) — The World Bank said it has signed its first agreement in China to reduce greenhouse gases from a landfill. Methane, carbon dioxide and other gases will be collected from a sanitary landfill in the northern port city of Tianjin that held more than 1.6 million tonnes of household waste at...
(EnergyAsia, July 19, Thursday) — Trina Solar, an integrated manufacturer of solar power products in Changzhou, China, said it has signed several contracts to supply solar photovoltaic (PV) modules with an aggregate output of up to 99MW to key accounts in Europe over the next two to three years. Initial shipments have been made on...
(EnergyAsia, July 19, Thursday) — Doubts over the safety of nuclear energy is being revived in the wake of radiation leaks at the world’s biggest nuclear power plant following a deadly earthquake in northern Japan on Monday (July 16). Nine people were killed and thousands forced out of the homes after the 6.8-magnitude quake rocked...
(EnergyAsia, July 19, Thursday) — Sakhalin Energy Investment Company Ltd said it has successfully completed the installation of the production platform topsides on the gravity base structure in the Piltun-Astokhskoye field. PA-B is an integrated oil and gas platform with drilling facilities. The platform will operate approximately 12 km off the northeastern coast of Sakhalin...
(EnergyAsia, July 19, Thursday) — California Governor Arnold Schwarzenegger has come out in support of China’s argument that the US and other developed nations must first cut their greenhouse emissions before they can demand such reductions of developing nations. At a recent press briefing, the governor said that with 5% of the world’s population, the...
(EnergyAsia, July 19, Thursday) — Keppel Shipyard Limited, a wholly-owned subsidiary of Singapore’s Keppel Offshore & Marine Limited, has secured a S$150 million contract to install equipment packages on a new drillship. (US$1=S$1.52). The new hull is currently being built in China and is due to arrive at Keppel Shipyard in the third quarter of...
(EnergyAsia, July 19, Thursday) — A consortium comprising Germany’s Siemens Power Generation and Korea’s Samsung Engineering and Construction has been awarded a major order for turnkey construction of a combined cycle power plant in Singapore. Island Power Company Ltd, a subsidiary of the US-owned power generation company InterGen, placed the 480 million euro order that...
(EnergyAsia, July 19, Thursday) — US-listed Cavico Corporation said it has been awarded a US$12.5 million contract by state by Electricity of Vietnam (EVN) to build a headrace tunnel for the Song Tranh 2 hydropower project in Vietnam. The company said wholly owned subsidiary Cavico Bridge and Tunnel will take 20 months to build the...