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Eye On Stock: Power Root

POWER Root Bhd (code:7237) saw two consecutive days of share price increases over Wednesday and Thursday to put it on more bullish footing.

Metro News

Sarawak Energy out to ensure smooth flow of power

KUCHING: Sarawak Energy has mobilised all necessary resources to ensure reliable power supply throughout GE14.


Major changes seen in power supply sector

THE POWER sector looks poised for a reset with a push towards renewable energy (RE) and the return of competitive bidding in awarding contracts.


How General Electric gambled on fossil fuel power, and lost

NEW YORK: Last March, executives at General Electric Co's power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power's revenue and profit would rise.

Business Premium

How J.D. Power was acquired by a Chinese company shrouded in mystery

A plan for the sale of the car-rating business J.D. Power was a month old when the seller, New York-based information giant S&P Global Inc. grew uneasy. It wasn’t quite sure to whom it had agreed to sell the company.


Egypt mulls Edra Power, Blackstone offers to take over power plants

CAIRO (Bloomberg) -- Egypt is considering offers from a Blackstone Group unit and Edra Power Holdings Sdn Bhd to take over three power plants co-built by Siemens AG -- a move that could cut the North African nation’s debts while bringing in much-needed foreign investment.

Corporate News

Malaysia sees soft power sector growth in 2018

KUALA LUMPUR: Due to adequate reserve margin at 30 per cent and flat economic fundamentals, the power sector does not see much growth in 2018 even though the distribution side is still keeping pace with supply connections to new areas and new demands.


SEB: Power restored to 11 of 12 villages hit by solar-power outage in Bario mountains

MIRI: Sarawak Energy Bhd (SEB) says it has restored power to 11 out of 12 villages that were hit by a solar-power outage in northern Sarawak.


Hokkaido races to secure power supplies before winter grips island

TOKYO (Reuters) - Japan is racing to secure power supplies ahead of winter after a devastating quake left 41 people dead and damaged generating stations on the northern island of Hokkaido, where temperatures regularly drop well below zero in colder months.


YTL Power’s Indonesian plant crosses major hurdle

PETALING JAYA: YTL Power International Bhd’s 80%-owned Tanjung Jati power plant project in Indonesia is believed to have crossed a major hurdle after having finalised its power purchase agreement (PPA) terms with the local regulators, according to MIDF Research.