The European Investment Bank (EIB) has announced that it will lend €100 million to support the modernisation of power and heat generation technology in Vladivostok.
Coal is to replace natural gas as Southeast Asia’s dominant energy source, with the region expected to nearly double its energy consumption over the coming two decades, according to data from the International Energy Agency (IEA)’s Southeast Asia Energy Outlook.
Pakistan’s National Electric Power Regulatory Authority (NEPRA) has issued generation licences to three small hydropower plants that will generate a combined capacity of 7MW.
US asset management firm, the Carlyle Group, has agreed to acquire the Red Oak power generation facility in Sayreville, New Jersey from Energy Capital Partners, and has also completed the purchase of five other power plants in California.
Manila Electric Company (Meralco) of the Philippines has said that it plans to borrow abroad in order to finance its capital expenditures, particularly its venture into power generation.
According to the latest issue of the US Energy Information Administration’s (EIA) Electric Power Monthly, renewable energy sources provided 14.2 per cent of the country’s net electric power generation during the first half of 2013.
Thailand has hugely expanded its planned solar energy investments, pledging to secure 25 per cent of the country’s total energy demand from renewable sources.