USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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The Energy Policy and Planning Office (EPPO) is continuing with the phased smart-grid plan from 2017-21, aiming to make Thailand the electricity hub of ASEAN and creating new business for energy producers. EPPO spokesman Anirut Thanakornmontri said that the Office is working with three electrical authorities: Electricity Generating Authority of Thailand [EGAT], Provincial Electricity Authority [PEA] and Metropolitan Electricity Authority [MEA] in pioneering the Energy Ministry’s smart-grid project.
Vietnam is preparing to launch a pilot programme that will facilitate the signing of synthetic power purchase agreements (PPAs) between private power buyers and renewable energy producers, targeting contracts for up to 1 GW in 2020-2022. The size of the direct PPA programme, to be available nationwide, is envisaged in the range of 400 MW to 1,000 MW, under a proposal submitted by the Ministry of Industry and Trade of Vietnam (MOIT). The plan is subject to public comments and approval by the Prime Minister.
United Overseas Bank Thai (UOB) today launched U-Solar, Asia’s first solar industry ecosystem, in Thailand to lead the take-up of renewable energy nationwide. Through the U-Solar programme, the bank connects businesses and consumers across the solar industry value chain and helps their transition to a low-carbon economy. The programme is also available in Indonesia, Malaysia and Singapore.
The green debt markets in ASEAN countries including the Philippines are poised to grow, according to the Securities and Exchange Commission (SEC). In a keynote speech at the ASEAN+3 Bond Market Forum Meeting held recently at the Asian Development Bank (ADB) Headquarters in Manila, SEC commissioner Ephyro Luis Amatong said bond issuances under the ASEAN Green and Sustainability Bond Standards have reached more than $3.8 billion last year.