(EnergyAsia, September 11, Thursday) — Australia’s Origin Energy Limited said it has noted that UK’s BG Group plc has announced that it does not intend to extend the period of its offer to acquire all the shares in Origin and that it expects the offer to lapse on September 26. Origin said it acknowledges BG’s...
(EnergyAsia, September 11, Thursday) — The Asian Development Bank (ADB) will extend a $810-million, multi-tranche financing facility to Pakistan to boost its power sector, which is struggling to cope with growing demand. The funds, to be released in several tranches over 10 years, will support Pakistan’s $5.2 billion power distribution enhancement investment programme for 2008-2017....
(EnergyAsia, September 11, Thursday) — Worldwide Energy and Manufacturing USA Inc (WEMU) said its solar division, AmeriSolar, has signed $7.63 million in new solar module contracts from two new customers which it declined to identify. WEMU is a US-based China manufacturing company specialising in products for customers in the solar energy, aerospace, wireless telecommunications, medical...
(EnergyAsia, September 11, Thursday) — LDK Solar Co Ltd, a leading China-based manufacturer of solar wafers, said it has signed an eight-year contract to supply multicrystalline solar wafers to Japan’s Sumitomo Corp. LDK Solar said it will start delivering approximately 750 MW of multicrystalline silicon wafers from next year through 2016. Sumitomo will make an...
(EnergyAsia, September 11, Thursday) — In a first for Australia’s Queensland state, science agency CSIRO said it and Tarong Energy have announced a A$5 million joint pilot project to capture greenhouse gases. (US$1=A$1.15). The project will see the installation of a post-combustion capture (PCC) pilot plant at Tarong Power Station, 45km south of Kingaroy in...
(EnergyAsia, September 11, Thursday) — ‘Carbon Finance Asia 2008’, an event by Terrapinn, will be held at the Grand Hyatt from October 7 to 10. Under the Kyoto Protocol and other policies to combat climate change, projects that reduce emissions of greenhouse gases also generate a valuable new commodity. The sale of emission reduction units (more…)
(EnergyAsia, September 10, Wednesday) — The Oxford Princeton Programme will be holding a workshop, ‘Fundamentals of Petroleum Refining – A non-technical introduction’, in Singapore from October 16 to 17. The programme is designed to introduce non-technical oil industry members to petroleum refining, refinery operations and its effect on global oil and product prices. Topics covered (more…)
(EnergyAsia, September 10, Wednesday) — London, England-based Consultant darbon8 said it has been commissioned to carry out carbon management and measurement for the new Masdar City development in Abu Dhabi, slated to be the world’s first zero-carbon, zero-waste, car-free city. To provide the most accurate measurement of the city’s carbon footprint, dcarbon8 said it is (more…)
(EnergyAsia, September 10, Wednesday) — Indian state upstream company ONGC has started up its first renewable energy and wind farm project near Bhuj in Gujarat state this week. Chairman and managing director R.S.Sharma launched the 50 MW turnkey project which consists of 34 wind turbine generator (WTG) units each capable of generating 1.5 MW of...
(EnergyAsia, September 10, Wednesday) — Quality not quantity will be the most considered factor when biofuels are being considered for production and use, says a new report. There will be a high premium placed on carbon savings and sustainability credentials for biofuels, making second generation biofuels an attractive investment proposition, according to ‘The European Biofuels...
(EnergyAsia, September 10, Wednesday) — Singapore’s Temasek Holdings (Private) Limited said it has agreed to sell its wholly-owned subsidiary, Senoko Power Limited, to an international consortium, Lion Power Holdings Pte Limited, for a total of S$4 billion. (US$1=S$1.43). Led by Japanese trading house Marubeni Corp, Lion Power will pay S$3,650 million in cash and assume...
(EnergyAsia, September 10, Wednesday) — US chemicals giant DuPont said it has started up its photovoltaic solutions business in India. The service, a leading supplier to the photovoltaic industry, offers a broad and growing portfolio of innovative solutions for both crystalline silicon and thin film modules designed to help deliver clean, sustainable energy. The DuPont...
(EnergyAsia, September 10, Wednesday) — Japan’s Mitsubishi Electric Corporation said it will complete the construction of its new photovoltaic (PV) cell plant at its Nakatsugawa Works Iida factory in Nagano Prefecture by December 2009. The company is expanding its PV cell production capacity in response to rising world demand for solar power generation systems. Mitsubishi...
(EnergyAsia, September 10, Wednesday) — UK’s oil and gas facilities service provider Petrofac said it and the Dubai Petroleum Establishment (DPE) recently opened its new state-of-the-art 1,500 square metres training centre in Dubai, the first in the emirate. The Dubai Petroleum Training Centre (DPTC), the joint agreement between Dubai’s oil company, Dubai Petroleum Establishment (DPE),...
(EnergyAsia, September 10, Wednesday) — NYSE-listed Yingli Green Energy Holding Company Limited, a world leading vertically integrated photovoltaic product manufacturer, said its main subsidiary has signed a five-year credit facility agreement with DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) and the Netherlands Development Finance Company (FMO). The European companies have agreed to lend Baoding...
(EnergyAsia, September 10, Wednesday) — China’s LDK Solar last month celebrated a milestone after its wafer plant capacity exceeded one gigawatt (GW) per year. A celebration was hosted by founding chairman and CEO Xiaofeng Peng in Xinyu city, China. “I would like to congratulate our team on their remarkable speed in expanding wafer production capacity...
(EnergyAsia, September 9, Tuesday) — Motech Industries, the largest manufacturer of solar cells in Taiwan, said it has signed additional long-term polysilicon purchase agreements with DC Chemical, one of the leading chemical companies in Korea. Motech said DC Chemical has agreed to supply polysilicon in 2009 and also over a seven-year period from 2010 to...
(EnergyAsia, September 9, Tuesday) — An affiliate of Korea Electric Power Corp plans to build a 2.5-billion-won solar power plant on the Dokdo islands which are the subject of a territorial dispute with Japan. (US$1 = Won1,107). The move is aimed at bolstering South Korea’s ownership claims on the Dokdo islands. However, it could simply...
(EnergyAsia, September 9, Tuesday) — China’s Shanxi province has started up the first batch of generators powering a 75,000-kilowatt (KW) wind farm project, the first in the coal-rich province. Shanxi International Electricity Group invested 750-million yuan in the project, which comprises 60 wind power generators. (US$1=6.85 yuan). The province’s Wutai and Luliang mountains and northwestern...
(EnergyAsia, September 9, Tuesday) — New Zealand’s Contact Energy said it has filed resource consent applications with the Tararua District Council for its proposed 177-megawatt (MW) Waitahora wind farm located south-east of Dannevirke town. Located on part of the Puketoi Range in the North Island, the wind farm will consist of up to 65 turbines...
(EnergyAsia, September 9, Tuesday) — The Philippine Independent Power Producers Association Inc said investors in the energy sector are growing wary that the government is backtracking on energy-sector reforms. Speaking to the American Chamber of Commerce recently, Philippines Department of Trade and Industry Undersecretary Elmer Hernandez credited the energy sector for leading a 270% (more…)
(EnergyAsia, September 9, Tuesday) — The Malaysian government plans to allocate part of the RM500 million windfall tax collected from independent power producers (IPPs) through June 2009 to develop the country’s renewables energy sector. (US$1=RM3.4). IPPS have to pay a 30% windfall tax on returns exceeding 9% from July 1. Energy, Water and Communications Minister...
(EnergyAsia, September 9, Tuesday) — India’s Orissa state is planning to build 10 new hydro-electric power stations with a combined capacity of 1,500 megawatts (MW). The government has started talks with National Hydro Power Corporation (NHPC) to form a joint venture to implement the projects, which are expected to cost Rs80 billion. (US$1 = Rs44)....
(EnergyAsia, September 9, Tuesday) — President Gloria Macapagal-Arroyo last week launched the construction of a 10-MW biomass power plant in Libmanan municipality in Camarines Sur province in northern Philippines. Using agricultural wastes such as rice husks and coconut shells as fuel, the 1.125 billion peso plant will help meet the power needs of local residents...
(EnergyAsia, September 9, Tuesday) — HKC (Holdings) Limited said the subsidiaries of its wholly-owned subsidiary, Hong Kong Energy (Holdings) Limited (HKE Holdings), last week signed a framework agreement and a capital contribution agreement with China Energy Conservation Investment Corporation (CECIC) to invest in a 200MW wind power project in Changma in China’s Gansu province. HKE...