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Electricity Trade
2023-11-01
Mitsubishi Power and Egypt Ministry of Electricity and Renewable Energy Sign Upgrade and Reliability Agreement Extension for Sidi Krir and El-Atf Power Plants
- Mitsubishi Power reaffirms its commitment to Egypt's sustainable energy sector and decarbonization goals- Signing Ceremony attended by H.E. Dr. Mohamed Shaker, Egyptian Minister of Electricity and Renewable Energy, Eng. Gaber Desouki, Chairman o
Oil Price
2023-11-01
Saudi Arabia May Hold Arab Light Price to Asia Steady for Dec
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsTop oil exporter Saudi Arabia may keep the price for its flagship Arab Light crude little chang
Hydrogen Production
2023-11-01
Indian Energy Producer Am Green Seeks Over $1 Billion in Funding: Sources
AM Green, founded by Mr Anil Chalamalasetty and Mr Mahesh Kolli (pictured), is developing production capability for molecules. ST PHOTO: KUA CHEE SIONGAM Green, a hydrogen and ammonia producer owned by the founders of Indian renewable company Greenko Ener
Hydropower Plant
2023-11-01
World Hydropower Congress 2023 Kicks off in Bali With Resounding Support
The World Hydropower Congress 2023 has officially commenced in Bali, Indonesia, with the event opened with an esteemed welcome from President Joko Widodo, the 7th President of the Republic of Indonesia, underlining the significance of sustainable hydropow
Electric Vehicle Battery
2023-11-01
African Lithium Project Boosts US Drive to Close EV Gap on China
Atlantic Lithium has expanded reserves at its Ewoyaa project in Ghana. (Credit: Atlantic Lithium)Africa’s first major lithium project without Chinese funding is set to bolster US ambitions of developing its own battery-making industry.Half of th
SMR
2023-11-01
X-Energy, Ares Drop Merger Plan
Small modular reactor (SMR) and advanced fuel technology developer X-Energy Reactor Company - known as X-energy - and Ares Acquisition Corporation (AAC) have "mutually agreed to terminate their previously announced business combination agreement, eff
Geothermal Power Plant
2023-11-01
Pertamina Earmarks $550 Million Budget for 1 GW Geothermal Capacity Target
Lumut Balai geothermal plant, Indonesia (source: WIKA)Indonesia’s state-owned geothermal developer and operator PT Pertamina Geothermal Energy (PGEO) is preparing capital expenditure of IDR 8.74 trillion or approximately USD 550 million througho
Microgrid
2023-11-01
Philippines Seeks Microgrids to Solve Power Gaps
Apuao Island, one of the 98 unserved or underserved areas of the Philippines that will soon have reliable electricity from a microgrid. (Source: Navier Solon / Shutterstock.com)The Philippine Department of Energy (DOE) has released an invitation to bid on
Oil Price
2023-11-01
India Hikes Windfall Tax on Petroleum Crude to 9,800 Rupees/Ton
The Indian government has increased the windfall tax on petroleum crude to 9,800 Indian rupees ($117.70) per ton from 9,050 rupees per ton starting Wednesday, according to a government notification on Tuesday.The windfall tax on aviation turbine fuel that
Coal-Fired Power Plants
2023-11-01
J-Power to Shut 2 Coal-Fired Power Plants in 2025
Japan's Electric Power Development(J-Power) (9513.T) said on Tuesday it will shut two 500 megawatts (MW) coal-fired power plants at its Matsushima power station in southern Japan to help achieve its 2025 target of cutting carbon dioxide (CO2) emis
Oil & Gas Trade
2023-10-31
Saudi Arabia's Wafi Energy Eyes Acquisition of Shell Pakistan Limited
WAFI Energy LLC, one of the leading fuel station companies in Saudi Arabia, is eyeing 77.42% shares and control of Shell Pakistan Limited (SHEL).Shell Pakistan announced the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday.It is h
Hydropower Plant
2023-10-31
Malaysian Tycoon Lin Yun Ling's Gamuda to Build $841 Million Hydroelectric Plant in Sabah
MMC Gamuda, a joint venture between MMC Corp. and Gamuda, building the Sungai ... [+]© 2018 BLOOMBERG FINANCE LPGamuda—a Malaysian infrastructure company cofounded by tycoon Lin Yun Ling—said Monday it has taken the lead in building a 187.5-megaw
Renewable Energy
2023-10-31
Redex Group Raises $10M Series a Funding Led by Aramco Ventures
SINGAPORE, Oct 31, 2023 - (ACN Newswire) - REDEX, Asia’s leading Renewable Energy Certificates (RECs) solutions provider, announced today the successful completion of a USD 10 million Series A funding round.REDEX’s mission is to accele
Uranium Project
2023-10-31
Cameco Announces Supply Contract at Beijing Uranium Forum
The supply agreement with China Nuclear International Corporation was finalised earlier this year, Cameco said. The 2023 International Natural Uranium Industry Development Forum also included updates on China's domestic uranium efforts.The inaugur
Offshore Wind Power
2023-10-31
Plans Unveiled for New Multi-Gigawatt Offshore Wind Project in South Korea
Several Korean companies have joined forces on a multi-gigawatt offshore wind project in the southwest of Korea. The project consists of three offshore wind farms with a combined installed capacity of 3.2 GW, which would produce enough electricity to powe
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China's Investment into BRI Countries Expands in Jan.-May
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Heads of State From Bahrain, Egypt, Tunisia and the Uae to Visit China
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Renewed Focus On Energy Security Prompts Nearly $2 Trillion Investment in Clean Energy Since 2020, Iea Finds
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Scottish Government Triples Offshore Wind Investment in 2025/26 Budget
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BHI Provides Brightnight With US$25 Million in Financing
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Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity