Minister, Hai Trung Hoang, has instructed state-owned banks to focus their funding efforts on supporting power projects. The country badly needs to build up its electricity infrastructure projects to speed up economic development. In response to complaints about funding delays, the government recently called for an urgent meeting involving the Central Bank, Ministry of Planning...
combustion capture (PCC) pilot plant in Beijing that strips carbon dioxide from power station flue gases in an effort to stem climate change. The project represents another first for the CSIRO PCC programme – the first capture of carbon dioxide in China using a pilot plant. It begins the process of applying the technology to...
Power Company (CGNPC) for the engineering and procurement of the complete turbine island for the nuclear power plant to be built in Taishan. Located in the south-western province of Guangdong, Taishan will be China’s first EPR power plant. This contract follows the €300 million order (including around €100 million for Alstom) booked in February 2008...
has agreed to form a joint venture company, Tianjin Eco-City Energy Investment and Construction Co Ltd (TECEIC) with Tianjin Eco-City Investment & Development Co Ltd (TECID) and Tianjin Jinneng Investment Co. This will be the second joint venture that KIE is partnering TECID to explore opportunities for infrastructure projects in the Sino-Singapore Tianjin Eco-City (SSTEC)....
contract to design and supply two circulating fluidised-bed (CFB) steam generators to the Gunjang National Industrial Complex (HENC GP Project) in South Korea’s Gunsan city. The contract was awarded by Hanwha Engineering & Construction Corporation (HENC), a subsidiary of Korean industrial conglomerate Hanwha Group. This is the second contract in Korea awarded to Foster Wheeler...
(EnergyAsia, August 6, Wednesday) — The Oxford Princeton Programme will be holding a workshop on ‘The Synergies of Refining, Trading and Supply’ in Singapore from August 18 to 21. The course is designed to provide delegates with a thorough understanding of the latest business techniques and refining technologies available to the oil supply, trading and (more…)
(EnergyAsia, August 6, Wednesday) — The ‘21st International Coal Supply Contracts and Transport Logistics’ will be held at the M Hotel in Singapore from September 15 to 19. The seminar aims to provide delegates with an overview of the entire coal supply chain. Topics covered include coal supply and transport agreements, freight markets and vessel (more…)
(EnergyAsia, August 6, Wednesday) — Several hundred oil tank drivers recently went on a long strike in the coastal city port of Paradip in India’s Orissa state to protest against alleged police violence. The action taken in retaliation against the police for allegedly assaulting oil tank drivers, contributed to fuel supply shortages in the state....
(EnergyAsia, August 6, Wednesday) — International energy services company John Wood Group PLC and international engineering and construction company Consolidated Contractors Company (CCC), have formed Wood Group-CCC, a joint venture to provide operations and maintenance services for the oil, gas and petrochemical industries in Qatar, Kuwait, Saudi Arabia, Oman, UAE, Bahrain and Yemen. Les Thomas,...
(EnergyAsia, August 6, Wednesday) — World Bank’s IFC, the Independent Power Producers’ Association of Nepal (IPPAN), the Nepal Banker’s Association, and the Nepal Hydropower Association last month held a workshop on hydropower project financing to help promote investments in the sector. The event was attended by senior government officials, infrastructure and power specialists, and private...
(EnergyAsia, August 6, Wednesday) — Trina Solar Limited, a leading Chinese integrated manufacturer of photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, said it has signed a sales agreement with Enel.si Srl, a subsidiary of Enel SpA, Italy’s largest power company. Under terms of the two-year agreement,...
(EnergyAsia, August 6, Wednesday) — China’s Suntech Power and England’s PV Crystalox Solar have signed an initial five-year silicon wafer supply agreement with predetermined prices and volumes. Under the agreement, PV Crystalox Solar will supply Suntech with a total of 260MW of silicon wafers from 2008 to 2013. Headquartered in Oxfordshire, England, Crystalox is a...
(EnergyAsia, August 6, Wednesday) — The IFC said it has helped put the Chinese government in touch with a wide array of international experts on sustainable finance, advancing the country’s effort to implement the green credit policy it adopted last year. Chinese officials recently met with representatives of IFC, the US government, international banks, consulting...
(EnergyAsia, August 6, Wednesday) — US-based China Energy Recovery Inc said it has signed two significant contracts for additional waste-heat recovery facilities – one in China and the other in Papua New Guinea – bringing the year-to-date systems orders to 36. The contracts are worth a total of RMB 47 million. (US$1=RMB6.8). The company will...
(EnergyAsia, August 6, Wednesday) — The tropical root crop cassava could help protect the food and energy security of poor countries now threatened by soaring food and oil prices, said the Food and Agricultural Organisation (FAO). At a recent conference in Ghent, Belgium, cassava scientists called for a significant increase in investment in research and...
US$1.3 billion raised in a successful initial public offering (IPO) last month to acquire five affiliates. With the take-over, the company will control Indonesia’s second-largest coal miner, PT Adaro Indonesia. The IPO was the largest in the country’s history as eager investors immediately sent the company’s stock price up 57% amid strong market sentiment toward...
total of A$106 billion on building terminals to export liquefied natural gas through to 2012. (US$1=A$1.03). While cost increases and political issues have hit the LNG industry and will impact near term investment, Douglas Westwood predicts that overall capital expenditure (capex) is set to reach new highs over the 2008-2012 period. In its report,...
US$10 billion in oil sands projects in Canada’s Alberta province. India’s leading upstream firm, ONGC, has completed making due diligence studies on the oil sands industry, and could be ready to move ahead with an investment. Analysts said the Indian players could start by buying small stakes in junior oil sand firms that need financing...
Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs4 billion to establish its own jatropha base over the next three years. The oil-bearing crop will be grown on 15,000 hectares of land in plantations in Chhattisgarh state. (U$1 = Rs42.2). Jatropha is a highly rated non-food feedstock for biofuels. Under a deal with the...
power projects to help meet country’s soaring energy needs is being hampered by local state agencies and infrastructure constraints. Although some 5,200 potential hydropower sites have been identified in states such as Andhra Pradesh, Arunachal Pradesh, Himachal Pradesh, Jammu and Kashmir, and Uttrakhand, only few investors have registered their interest or gone ahead with projects....
beverages, expects to profit from its move to become a biodiesel producer. The government has mandated that 2,000 retail outlets around the island begin selling diesel with a 1% biodiesel content from July 15. AGV holds a 20% stake in Taiwan NJC Corp, one of the island’s largest suppliers of biodiesel. The mandate is...
(EnergyAsia, August 5, Tuesday) — ‘Energy Shipping 2008’ will be held at the Sheraton Towers Hotel in Singapore from September 3 to 4. The rise of China and India as major oil and gas markets will help drive the shipping markets. Investors will have to pay closer attention to the economic and political environment, manning (more…)
(EnergyAsia, August 5, Tuesday) — ‘Trends in the Offshore Drilling Rig Market’ will be held in London, UK from September 23 to 24. The event will review the current state of the market, future predictions, financing options and commercial opportunities. It will also focus on the next generation drilling rigs, their capabilities and potential applications. (more…)
that will supply electricity for the Beijing 2008 Olympic Games, as well as the city’s future heat and power needs. Under a 10-year contractual services agreement signed with Beijing Taiyanggong Gas-Fired Thermal Power Co Ltd, GE will provide all parts, repairs and services for two GE Frame 9FA+e gas turbines at the new plant. The...
owned Japanese joint venture, Nippon Vopak, has agreed to fully acquire Mitsui & Co’s assets in the Nagoya and Moji Tank Terminals in Japan. The two terminals handle and store chemical and oil products from vessels, tank trucks and drums. With the acquisition, Nippon Vopak will strengthen its position as provider of independent bulk liquid...