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Asia – Pacific

Thailand’s Global Power System Acquires 41% Stake in Avaada Energy

The acquisition has been made through Global Renewable Synergy Company Ltd, a wholly-owned subsidiary of Global Power Synergy Public Company Limited. Thailand based Global Power Synergy Public Company Limited (GPSP) has bought 41.6 per cent shareholding in Avaada Energy Private Limited at an enterprise value of THB 14,825 million. The acquisition has been made through […]

Malakoff’s Subsidiary Signs Six New Solar Projects With DRB-Hicom Group

KUALA LUMPUR : Malakoff Corporation Bhd’s subsidiary Malakoff Radiance Sdn Bhd has completed the signing of six solar power purchase agreements (SPPAs) for the development of rooftop solar energy systems with companies under the DRB-HICOM Group. In a statement today, it said the SPPAs involved companies under the manufacturing and engineering arms of DRB-Hicom namely […]

Vietnam: Direct Power Purchase Agreements (DPPA) And Solar Rooftop- Updating Development Of New Regulations On DPPA And C&I Rooftop In Vietnam

Both draft regulations for the Direct Power Purchase Agreement (DPPA) pilot program and the C&I Rooftop Solar are now still under review by the competent authorities. Below are some key updates in these two sectors in Vietnam up to June 2021: 1. Key updates on the Direct Power Purchase Agreement (DPPA) pilot pro-gram: MOIT is […]

Explosions Near Electricity Offices in Yangon As Myanmar Civilians Refuse to Pay Bills

Multiple explosions rocked public utilities offices in Yangon last week amidst growing threats from Myanmar’s junta security forces against civilians, who have refused to pay their electricity bills in an act of defiance toward the State Administrative Council. On Friday, explosions went off at the local electricity offices in Sanchaung, Mingaladon and Lanmadaw, local media […]