Gujarat canal solar power project

“We have tied up with leading partners in the solar industry in terms of technology solutions, engineering structures, construction options, environmental solutions, and local energy demand analysis and research, from which [we] boldly proposed to invest in a large-capacity renewable energy plant such as the Phu My solar power plant." … [Read more...] about Construction of Phu My solar power plant begins in Binh Dinh

The current FiTs for offshore wind is highly attractive at 9.8 US cents/kWh, which were increased from the previous rate of 7.8 US cents/kWh. This extension follows the appeals from several wind energy developers, industry associations and local governments from nine provinces, after the Covid-19 outbreak has caused some near-term headwinds to the sector. … [Read more...] about Vietnam wind power sector to see growing opportunities: Fitch Solutions

Jakarta (VNA) – The Asian Development Bank (ADB) has approved a loan worth 300 million USD to help PT Geo Dipa Energi (GDE), an Indonesian state-owned company, expand its geothermal power generation. In its May 28 announcement, ADB said that it will also manage a 35 million USD loan from the Clean Technology Fund for the project. GDE will use these loans to investing in expanding its geothermal power generation capacity by 110 megawatts in Java, the country’s largest electricity grid, through the construction and commission of two geothermal plants at Dieng in Central Java and Patuha in West Java. GDE President Director Riki Ibrahim said that the Geothermal Power Generation Project, recognized as a National Strategic Project by the government, will provide environmentally friendly base-load electricity to the Java–Bali electricity grid, reducing CO2 emissions by more than 700,000 tonnes per year. The project will build critical geothermal experience in Indonesia … [Read more...] about ADB helps Indonesia develop geothermal power

Labor officials, on the other hand, said work permit was not a major issue in preventing foreign experts coming in. Nguyen Thi Quyen, deputy director of the department of employment under the Ministry of Labor, Invalids and Social Affairs, said that experts who work for less than 90 days in the country do not need work permits. … [Read more...] about Major projects face delays as Covid-19 blocks foreign experts

In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30