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Business

Shell says can be world's top power producer and make money

HOUSTON: Royal Dutch Shell Plc plans to become the world’s biggest power company despite electricity’s historically narrow margins.

Business

Indonesia's Pertamina reaches financial close on US$1.8b gas power station project

JAKARTA: Indonesian state-owned energy firm Pertamina on Friday said it reached financial close for a US$1.8 billion integrated gas-fired power station project on Dec. 5 with Japanese partners Marubeni Corp and Sojitz Corp .

Business

Clean power sees first win over fossil fuels in emerging markets

BEIJING: Developing countries have added more clean power capacity than fossil fuel generation for the first time ever, charging ahead of wealthier nations in the global green energy push, according to Bloomberg NEF.

Business

China steps up fight against abuse of power by stock market regulators

SHANGHAI: China's corruption watchdog will work with the country's stock market commission to combat graft and abuse of power following a spate of violations in which companies pay officials to gain regulatory approvals, it said on Sunday.

Business

RAM Ratings revises Sarawak Power Generation outlook to positive

KUALA LUMPUR: RAM Ratings has revised the outlook on the AA2(s) rating of Sarawak Power Generation Sdn Bhd’s (SPG) RM215mil Sukuk Musharakah (2006/2021) to positive from stable.

Business

Sabah Electricity ordered to compensate Mega First power unit RM28.79m

KUALA LUMPUR: The Arbitral Tribunal has ordered Sabah Electricity Sdn Bhd to compensate Mega First Corporation Bhd’s power generation subsidiary Serudong Power Sdn Bhd a total of RM28.79mil as compensation.

Business

Rosatom deal to build China power units worth US$3.6bil

BEIJING: China National Nuclear Power Co Ltd said on Sunday that two deals signed with Russian state nuclear company Rosatom for the construction of four nuclear power units in China were worth a combined US$3.62 billion.

Metro News

TNB cuts power to school over unpaid bills but supply restored by afternoon

ACTIVITIES in SK Methodist Petaling Jaya were disrupted this morning when Tenaga Nasional Bhd cut the power due to unpaid electricity bills since September 2017 but the supply was reconnected at 1.30pm after the school settled its arrears.

Business

Siemens Q1 profit dips on power and gas business declines

MUNICH: German engineering group Siemens posted a 14% decline in quarterly industrial profit as it struggled with continued weak demand from the power and gas sector and ramped up investments in its flagship factory software.

Nation

Safety checks in place on sale of power banks

PUTRAJAYA: Soon, only power banks bearing Sirim and Domestic Trade, Co-operatives and Consume­rism Ministry safety labels will be allowed on store shelves.