Experts have expressed concern that Korea Electric Power Corporation (KEPCO)’s financial costs will rise sharply as the war in the Middle East pushes natural gas prices ever higher.
The Bangladesh government has announced plans to construct a 70 MW grid-connected solar power plant on 171 acres of unused land within the Matarbari coal-fired power plant complex in Meheshkhali, Cox’s Bazar. The project is scheduled for completion by 2028.
Japan’s Industry Ministry has signed a memorandum of cooperation with Siemens Energy to jointly promote floating offshore wind power projects in Japan.
Uzbekistan’s Ministry of Energy has announced plans to increase the total capacity of its wind power plants to more than 10 GW by 2030, strengthening wind energy’s role in the country’s energy mix.
Meralco PowerGen (MGen), the power generation arm of Meralco, is evaluating a bid to acquire a 232 MW coal-fired power plant currently operated by Aboitiz Power in Mindanao, Philippines.
Philippine hydropower developers are pressing the government to fast-track support for projects to capitalise on a structural window offered by dry spells across the country.
T&T Group and Vinacom Investment and Trading Company have signed a memorandum of agreement for the development and operation of the 495 MW Savan 2 wind power project in Savannakhet province, Laos. The project is valued at about $750 million.
Azerbaijan has announced that it continues to support Ukraine with another shipment of power equipment to help restore and maintain the power grid with the approach of the heating season.
Saudi Arabia’s ACWA Power announced that it has started construction of three wind power plants with a combined capacity of 1.5 GW in the Karakalpakstan region of Uzbekistan as part of a renewable energy project valued at around $3 billion.
Korea Electric Power Corporation (KEPCO) has confirmed that South Korea’s government plans a major restricting of the company. It confirmed that under the terms of a recently announced Public Institution Function Reform Promotion Plan, its five power generation facilities will be merged into a single entity.