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PETALING JAYA: Global coal prices, which have been on a steady rise, hit a six-year high early this month, increasingly putting pressure on the power generation industry in the country.
SYDNEY: South Australia plans to roll out solar panels and Tesla Inc batteries to at least 50,000 homes to form what its government says will be the world’s largest virtual power plant.
SYDNEY: The profitability of Australia’s first wave of renewable power projects may be threatened as lenders will likely push for some deleveraging when they come up for refinancing, according to the former chief risk assessor at the nation’s green bank.
KUALA LUMPUR: Ranhill Holdings Bhd plans to team up with Thailand's Treasure Specialty Co. Ltd (TS Co) to look into the setting up of a 1,150MW combined cycle gas turbine power plant in Kedah.
KUALA LUMPUR: Petronas Gas Bhd posted a marginal increase in its net profit of RM1.81bil in the financial year ended Dec 31, 2018 as it was weighed down by share of losses from a joint-venture company, Kimanis Power Sdn Bhd.
PETALING JAYA: Connectcountry Holdings Bhd has disposed of its 31% stake in Shenzhen Rapid Power Co Ltd (Rapid Power) for a total disposal consideration of 2.33 million yuan (RM1.4mil).
KUALA LUMPUR: AmInvestment Research is retaining its overweight call on the consumer sector as it expects consumer sentiment to remain healthy with Berjaya Food, Mynews, Power Root as its top picks.
SAO PAULO:China's State Power Investment Corp is likely to deliver a bid for Brazil's fourth-largest hydroelectric dam as soon as next month, two people with knowledge of the matter said on Friday.