Energy industries
Texas Power Generation LLC, a Houston-based company, has announced plans to invest up to $10 billion over the next decade in India's power sector. The company has signed a Memorandum of Understanding (MoU) with the Chhattisgarh government to set up a 1,600 MW coal-fired power plant with
Petroleum industry
Panva Gas, a Hong Kong-listed piped-gas distributor, plans to invest in 15 new projects in China in 2006 and 2007 to increase its market share. The company already operates 25 piped gas projects across the mainland, covering over 600,000 households. Panva Gas is considering raising at least $200 million
Petroleum industry
China is working to reduce its dependence on oil by increasing the use of alternative fuels, with coal gas and renewable energy sources like biomass and solar power expected to become major alternatives. The National Development and Reform Commission (NDRC) has outlined recommendations from a national leading group, which will
Petroleum industry
The Bangko Sentral ng Pilipinas' (BSP) Monetary Board has decided to maintain the country's key policy interest rates at current levels, despite the recent increase in value-added tax (VAT) to 12 percent. BSP Governor Amando Tetangco, Jr. noted that the impact of the VAT hike is unlikely
Petroleum industry
Negotiations between the Bangladeshi government and Tata Group on a proposed US$3 billion investment resumed in Dhaka on Monday, with Tata officials meeting with state-owned Petrobangla and presenting detailed proposals on gas supply and coal mining issues. The Indian industrial conglomerate is seeking a 20-year uninterrupted gas supply to
Petroleum industry
Indonesian authorities intercepted a Chinese tanker, KM NMSC-07, carrying 100 tons of fuel oil in Maluku waters, marking a significant case of fuel oil smuggling in the region. The incident highlights the loopholes in the country's fuel regulation, allowing smugglers to transport fuel oil from overseas. The crew
Petroleum industry
Indonesian lawmakers have indicated they may approve an additional subsidy for state-owned electricity company PLN, but with a condition: it must not lead to increased electricity rates for low-energy customers. The proposal was made during a hearing between the House of Representatives (DPR) and PLN's Power Rates Technical
Petroleum industry
Australian Gas Light Company's (AGL) decision to take up a 10 per cent stake in the Papua New Guinea gas project from Oil Search about six months earlier than expected has been hailed as a wise move by brokers. The entry price into the multi-billion dollar project has
Petroleum industry
Indonesia's state-owned oil company, PT Pertamina, and US-based Exxon Mobil are engaged in a dispute over the operation of the Cepu Block oil and gas fields. The issue is expected to be discussed with the coordinating minister of the economy this week, with both parties pushing for operatorship
Petroleum industry
China plans to accelerate its strategic adjustment in distributing state capital, concentrating it in fields essential to state security and the lifelines of the national economy. The country aims to have state capital guided into four key areas: important industries, fields with competitive edges, big companies with strong international competitiveness,
Electric utilities
China's top five power generators, Datang, Huaneng, Huadian, Guodian, and China Power, have finally reached an agreement to contract power coal deals with domestic coal-mining companies for a total of 103 million tons. The negotiations, held in Jinan, Shandong province, lasted for eight days, from January 1-10, but
Electric utilities
As Japan moves to streamline its nuclear fuel cycle, major power companies have announced plans to use the plutonium that will be recovered from spent nuclear fuel at a reprocessing plant in Aomori Prefecture. The power companies aim to start using the reprocessed fuel in 16 to 18 nuclear power
