The tenth International Forum on Energy for Sustainable Development discussed opportunities to support progress on SDG 7 (affordable and clean energy) and SDG 13 (climate action) across the Asia-Pacific region. Participants shared their experiences with SDG 7 implementation, and considered opportunities and barriers to achieving an energy transition in the region...The Forum took place as part of Asia-Pacific Energy Week, a series of high-level events on sustainable energy, including the Second Session of the ESCAP Committee on Energy.
Thailand is moving to establish itself as a regional energy trading centre through the creation of a South-east Asian super grid. In early September Thailand, Laos and Malaysia agreed to extend the Laos-Thailand-Malaysia Power Integration Project (LTM-PIP), pushing Thailand closer to its goal of becoming a regional power hub...This trilateral pact will see the project enter its second phase early next year. Under the revised deal, Laos will increase the amount of energy sold to Malaysia via Thailand from 100MW to 300MW.
B.Grimm Power Plc (BGRIM)'s Phu Yen TTP Joint Stock Company was awarded the 2019 best solar power plant project developer from the International Finance magazine. The award by the leading international business journal recognises the company's initiation of operation with expertise and advancement which plays an important role in economic and social development. BGRIM is the only private company from Thailand that has been awarded for its solar photovoltaic power facility that is located in Vietnam this year.
The Asian Development Bank (ADB) has announced that it will invest $98.7m (THB 3bn) in the first-ever green bond issuance for Thai company Energy Absolute. In total the bond will have an issuance value of almost $330m (THB10bn). Energy Absolute states that the money will be used to finance the 260MW Hanuman windfarm in the Chaiyaphum province of Thailand, which will offset the country’s annual carbon emissions by 200,000t per year.
Philippines utility Meralco has sunk PHP424 million (US$8.2 million) of equity funding into its renewables subsidiary, MGreen, to support 210MW of solar projects. The solar projects are estimated to have a total project cost of PHP10.01 billion (US$193 million). The plants will be spread across Luzon, the country's largest island, including some in Meralco's franchise area, according to a company statement published by local media.
Cambodia’s ranking in the latest global energy sustainability survey has improved dramatically, indicating that the Kingdom’s efforts to solve its energy woes and providing an adequate power supply are making headway. This also means that Cambodia, which suffered a crippling power problem a few months ago, has recovered well from that crisis. After many of its hydropower dams dried up because of a lingering drought, Cambodia was forced to ration power in many parts of the country early this year.
The government plans to issue operating licences for community waste power projects for a combined 400 megawatts of new power capacity during 2019-20. Wattanapong Kurovat, director-general of the Energy Policy and Planning Office (Eppo), said the office is the project's coordinator, working closely with the Interior Ministry and the private sector. "We are conducting a feasibility study before seeking applications from private power companies," he said.
Vietnamese advocates of solar power have begun a "Million Green Homes" project, aimed at spreading the use of solar power in the country instead of coal and other fossil fuels. The project is being undertaken by the new Vietnam Coalition for Climate Action, formed in August by a group of leaders from business, academia and public organizations, and is designed to use a combination of public outreach and financial initiatives to get solar power on an additional million buildings.