The South Korean government has drawn up a draft of the 10th Basic Plan for Electricity Supply and Demand. This contains a clause on reducing the share of coal-fired power generation to below 20 per cent by 2030, a rate below that of the plan released in August 2022.
India’s coal-fired power output has surged much faster than any other country in the Asia-Pacific region since Russia’s invasion of Ukraine.
Indonesia has signed a deal with the G7 group of industrialised countries on a $20 billion financing package to help it speed up its transition from fossil fuels to renewable energy.
The Asian Development Bank (ADB) has signed an agreement with Cambodia’s national electricity utility Électricité du Cambodge (EDC) for the development of 2 GW of solar capacity.
ACWA Power has been chosen by PLN, Indonesia’s state-owned electricity utility, to build two floating solar PV farms.
GE Gas Power has signed an MOU with DL E&C of South Korea and its subsidiary CARBANCO to jointly explore a roadmap for carbon capture technology integration with CCGT plants in Asia and Oceania powered by GE power technology.
Siemens Gamesa and Hai Long Offshore Wind Project signed Turbine Supply Agreements and Service and Availability Agreements for the Hai Long 2A (300 MW), Hai Long 2B (232 MW), and Hai Long 3 (512 MW) offshore wind farms.
NTPC, India’s largest power generating utility, and GE Gas Power have signed an MOU to demonstrate the feasibility for hydrogen co-firing blended with natural gas in GE’s 9E gas turbines installed at NTPC’s Kawas CCGT plant in Gujarat.
ABB will sell its remaining 19.9 per cent stake in the Hitachi Energy joint venture to Hitachi.
Carbon capture has started at the 500 MW unit 13 of NTPC’s 4.8 GW Vindhyachal Super Thermal Power Station in Madhya Pradesh, India.