Marubeni Corp is understood to be the preferred bidder for the 49% stake in the 800MW Java 3 gas-fired power plant, outbidding Korea Electric Power (Kepco).
The PLN 10 project is understood to have been put on hold. The project, which was awarded to a consortium comprising Engie, Pertamina and PGN, involves the supply of gas to PLN’s small-scale power plants in a number of islands in Central Indonesia.
Laos’ Ministry of Public Works & Transport (MPWT) and China’s Yunnan Sunny Road and Bridge Co (YSRBC) have signed a memorandum of understanding to conduct a feasibility study for an expressway linking capital city Vientiane and Pakxe in southern Laos.
Korea Electric Power Corp (Kepco) is planning to develop a 1GW coal-fired power plant in Sual, Pangasinan and is in talks with a local company, Kepco Philippines senior commercial manager Kang Jeong Go told GMA News Online.
South Korea is providing US$1bn of funds to develop and improve infrastructure in the Philippines.
San Miguel Corp (SMC) has submitted a new unsolicited proposal for a 100km extension to the Tarlac-Pangasinan-La Union Expressway (TPLEX) to reach Ilocos province.
B Grimm Power has privately placed Bt6.7bn (US$210.4m) of 15-year bonds through two power units, IFR reported.
Siam Cement Group (SCG) has finalised its acquisition of PetroVietnam’s 29% stake in the long-delayed Long Son petrochemical complex.
Sunseap (80%) and partners InfraCo Asia and CMX Renewable Energy Canada held a ground-breaking ceremony today for Vietnam’s largest solar farm, a 168MW project in Ninh Thuan province.
Expectations for an LNG infrastructure industry in the Philippines are gaining serious traction among foreign players, despite it still being on the drawing board. At least two international players have recently announced their intention to be involved in the development of needed LNG terminals.
The Philippine Energy Regulatory Commission (ERC) is seeking environmental compliance certificates (ECCs) on three proposed power plant projects that have power supply agreements with Manila Electric Co (Meralco).
Meralco PowerGen Corp (MGen) is targeting to have 20% of its attributable power capacity sourced from renewable energy in the coming few years.
Petronas and Saudi Aramco, via financial adviser BNP Paribas, have started approaching banks for the long-term financing of their joint refinery and petrochemical integrated development (RAPID) project.
Petroliam Nasional (Petronas) has filed an application to the federal court to seek a declaration that under the Petroleum Development Act 1974, it is the exclusive owner of oil and gas resources in the country, as well as the regulator for the upstream industry throughout Malaysia, including Sarawak.