Page 11 - John Yeap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

India’s government approves $724m hydropower project Out-Law News | 28 Jan 2021 | 6:09 am | India has approved a Rs52.8billion ($724 million) investment for 850 megawatt (MW) Ratle hydropower project on Chenab river in Jammu and Kashmir. A joint venture will be formed for this project by National Hydroelectric Power Corporation (NHPC), India’s largest organisation for hydropower development and Jammu & Kashmir State Power Development Corporation (JKSPDC). The project will start its commercial operation within five years. The Jammu and Kashmir state government will extend the water fee e...

ADB invites bids for geothermal projects in Indonesia Out-Law News | 18 Jan 2021 | 2:04 am | 1 min. read The Asian Development Bank (ADB) has requested proposals from shortlisted bidders for consulting services for a geothermal power generation project in Indonesia. The project includes two geothermal power plants: 55MW Dieng 2 geothermal power plant in central Java and 55MW Patuha 2 geothermal power plant in West Java. These will be developed by Indonesia state-owned company PT Geo Dipa Energi (GDE). For this project, ADB approved a $300 million loan in May 2020 and managed a $35m l...

P6bn pumped hydro storage project to be built in Philippines Out-Law News | 26 Jan 2021 | 12:35 am | First Gen Hydro Power is investing P6 billion ($124.89 million) to develop a 120 megawatts (MW) Aya pumped hydro storage project in Pantabangan, Philippines. The project includes two 60 MW turbines with a maximum capacity of 120 MW and is the first pumped hydro energy in Philippines. It could store eight hours of energy. It is being developed to enable better regulation of intermittency in Luzon, the largest island in Philippines. According to the company's report submitted to the Philippine ...

The Japan Bank for International Cooperation has agreed to lend $636m to VAPCO for financing the construction of a coal fired power plant in Vietnam.

Hong Kong financial regulators launch plan for green finance Out-Law News | 24 Dec 2020 | 9:26 am | 1 min. read Financial institutions including banks, asset managers, insurance companies and pension trustees, will be subject to enhanced climate-related disclosure obligations in Hong Kong, regulators have announced. The enhanced disclosure requirements will build on standards set by the Task Force on Climate-related Disclosures (TCFD), a body created by the Financial Stability Board to publish principles to inform investors of climate-related financial risk. The new requirements were...