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