(EnergyAsia, June 11, Wednesday) — US OTC-listed China Holdings Inc, a global diversified asset holdings company, and its China-focused subsidiaries has provided an update on the development of its TaiHu and Ongniute biomass power projects. China Holdings said it and wholly owned subsidiary China Power Inc have completed the fuel analysis for the 50MW TaiHu...
(EnergyAsia, June 11, Wednesday) — Finland’s Wärtsilä Corporation has opened a new office and workshop in Baku city in oil-rich Azerbaijan. The need for the new premises arose with the rapid expansion of work involved with the growing number of Wärtsilä power plants in the country and the number of vessels on the Caspian Sea...
(EnergyAsia, June 11, Wednesday) – Energy experts, policymakers, financiers and project developers from across the Asia-Pacific are calling for massive new investments in clean energy amid spiraling costs for oil and coal and the growing threat of climate change. More than 500 experts met in Manila last week to scale up investments in clean energy...
(EnergyAsia, June 10, Tuesday) — Thai truck drivers have started idling many of their vehicles as they can no longer afford to buy increasingly costly diesel fuel. Merchandise trade in the area will be negatively affected if the strike is prolonged. About 500 members of Thailand’s Northeastern Transport Operators Association have already idled some...
(EnergyAsia, June 10, Tuesday) — GE Energy said it has signed contracts worth more than US$500 million to supply gas turbines and generators for power plant projects owned by Saudi Electricity Company (SEC). In the first agreement, GE Energy has received a contract to supply gas turbine-generators for the 960-megawatt expansion of the Rabigh...
(EnergyAsia, June 10, Tuesday) — A research group has predicted that energy storage will become a $41 billion industry, making it the “next” big investment focus. From the mobile phones carried by 3.3 billion people to the half a million hybrid electric vehicles sold last year, the world runs on energy storage technologies –...
(EnergyAsia, June 10, Tuesday) — Lloyd’s Register CEO Richard Sadler said the shipping industry may be unprepared to cope with the world’s growing demand for biofuels, especially if second and third generation biofuels are successfully developed. In a recent address to shipowners, regulators, economists, engineers and the public, he said that the increase in...
(EnergyAsia, June 10, Tuesday) — In response to rising oil prices, Sri Lankan apparel exporter MAS Holdings said it will soon begin using renewable energy for its fabric and textile production. Its first deal, MAS signed a five-year agreement to purchase between 2.5 and four million units of electricity from Nilwalabase Hydro Power Limited...
(EnergyAsia, June 10, Tuesday) — Singapore’s Novomatrix has acquired Film Technologies Inc (FTI), a major US solar film company, for an undisclosed sum. Valued at around US$27 million in 2004, FTI is a leader in the US solar control and safety window film industry. Novomatrix, a producer of automotive window film, made the acquisition...
(EnergyAsia, June 10, Tuesday) — Singapore witnessed the launch of Japan’s first Shariah — Islamic-compliant — index on May 26. The event organised by Daiwa Asset Management together with FTSE took place at the Fullerton Hotel in Singapore. They introduced the ‘Daiwa FTSE Shariah Japan 100’ index which included listed Japanese oil, gas, chemical...
(EnergyAsia, June 10, Tuesday) — China Solar & Clean Energy Inc, a manufacturer and distributor of solar water heaters, renewable energy solutions, and space heating devices in China, said its net income surged 41.5% to US$400,000 for the first quarter of 2008. Sales for the quarter to March 31 rose 177.1% to $8.3 million,...
(EnergyAsia, June 10, Tuesday) — Australian oil and gas company Santos said it has signed up with project partners to explore for coal seam gas in the Gunnedah Basin. The company has begun briefing local councils, parliamentarians and business and community groups about the planned exploration programme. Stephen Kelemen, Santos’ manager for coal seam...
(EnergyAsia, June 9, Monday) — Thailand’s largest private power producer, Ratchaburi Electricity Generating Holding Plc, said it plans to divest its 15% stake in Siam Ethanol Co, which it deems as a non-core business. Ratchaburi, Taiwan’s Ve Wong Corporation (49%) and two local ethanol makers jointly set up Siam Ethanol five years ago. Siam Ethanol...
(EnergyAsia, June 9, Monday) — EPURON GmbH said its South Korean subsidiary has completed its first photovoltaic project with an output of 2 megawatts. EPURON Korea was commissioned by Samchully Co Ltd, a leading Korean liquefied natural gas supplier, to finance and develop the 10-million-euro plant. (US$1=0.64 euro). Parent company Conergy said it was contracted...
(EnergyAsia, June 9, Monday) — Despite the threat of inflation, Indonesia is well-positioned to weather a global slowdown given its reliance on commodity exports, which are expected to remain strong, and diversified export markets. Making this observation, the International Monetary Fund (IMF) in Indonesia said the economy grew by 6.3%, the fastest in a decade,...
(EnergyAsia, June 9, Monday) — China’s Yingli Green Energy Holding Company Limited, a world leading vertically integrated photovoltaic (PV) product manufacturer, said it has signed a polysilicon supply contract with Sailing New Energy Resources Co Ltd. Sailing, a polysilicon supplier located in Chongqing, China, will supply polysilicon to Yingli from the fourth quarter of 2008...
(EnergyAsia, June 9, Monday) — Environmental lobby group Greenpeace has told European Environment Ministers who met in Luxemburg last week to protect the environment and ignore the car lobby. As the ministers discussed measures to limit greenhouse gas emissions for cars, five Greenpeace activists dropped banners from a crane next to the venue accusing the...
(EnergyAsia, June 9, Monday) — Australian upstream company Santos said it has been advised by operator Apache Energy Ltd that an incident has occurred that has affected the export gas pipelines from Varanus Island The incident has resulted in a total cessation of production, including from the John Brookes field, in which Santos has a...
(EnergyAsia, June 9, Monday) — Queensland Gas Company (QGC) said a new underground pipeline will be built to link its Surat Basin reserves from Australia’s Queensland to Newcastle in New South Wales state, creating a major hub for gas transportation. QGC managing director Richard Cottee said the 820-km pipeline would transport its coal seam gas...
(EnergyAsia, June 9, Monday) — Japan’s Mitsui & Co Ltd said its subsidiary, Mitsui & Co (Australia) Ltd, has acquired 100% of the shares of Bald Hills Wind Farm Pty Ltd, a special purpose company holding the development rights for a new wind farm project in Victoria state in Australia. The project will involve the...
(EnergyAsia, June 6, Friday) — Cavico Corp said wholly own subsidiary Cavico Power and Resources has successfully completed a major tunnel at the Nam Chien 2 Hydropower Project in Vietnam. The breakthrough was completed two months ahead of schedule. It has revised the contract’s value to $2.4 million for the 1.3-km long and 4.8-m diameter...
(EnergyAsia, June 6, Friday) — Singapore’s Keppel Offshore & Marine Ltd (Keppel O&M) said that through Keppel FELS Limited (Keppel FELS), it has secured a US$385 million repeat order to build a semisubmersible drilling rig for Brazilian drilling contractor group Queiroz Galvão Óleo e Gás (QGOG). This price excludes the drilling and subsea equipment which...
(EnergyAsia, June 6, Friday) — Renewable energy company Asia Power has reported a first-quarter net profit of S$5.5 million, up 11% from the year-earlier quarter. The Singapore-listed company said revenues edged up 3% to $41 million on continued strength in its hydropower business in China. (US$1 = S$1.36). Asia Power is focussed on renewable energy...
(EnergyAsia, June 6, Friday) — – PT Indonesia Power has invested US$100 million to improve operations and expand three of its key hydropower plants in West Java. With the investment, the plants’ combined capacity will rise to 700 GWh from 500 GWh now. Indonesia Power’s overall capacity stands at 9,000 MW....
(EnergyAsia, June 6, Friday) — BG Group-owned Gujarat Gas Company Ltd (GGCL) is struggling to secure sufficient natural gas supplies to serve existing customers and feed planned new projects. Indian newspaper said the company’s sales volumes have fallen by a quarter to 2.8 million standard cubic metres in the first five months of the year,...