𝗚𝗮𝘀 𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮 𝘀𝗽𝗲𝗮𝗿𝗵𝗲𝗮𝗱𝘀 𝗴𝗿𝗲𝗲𝗻 𝗴𝗮𝘀 𝘃𝗲𝗻𝘁𝘂𝗿𝗲 Gas Malaysia Bhd’s wholly owned subsidiary, Gas Malaysia Virtual Pipeline Sdn Bhd (GMVP), is partnering Greenviro Solutions Sdn Bhd, in which GMVP will procure biomethane generated at the Ampang Jajar Waste Transfer Station in Penang, injecting it into Gas Malaysia’s Natural Gas Distribution System (NGDS). This is part of Gas Malaysia’s commitment to align with the National Energy Transition Roadmap (NETR), which aims to increase the country’s installed renewable energy (RE) capacity to 40% by 2035 and to 70% by 2050. The recently held groundbreaking ceremony marked the commencement of the construction of the Ampang Jajar Waste Transfer Station, attended by Seberang Perai Mayor Datuk Azhar Arshad and Local Government, Town and Country Planning Committee chairman H’ng Mooi Lye. The Ampang Jajar Waste Transfer Station will be operated by Greenviro and it is anticipated to be operational by the second half of 2025 (2H25). In line with this vision, Gas Malaysia has commenced its decarbonisation journey by adding more impetus to the development of cleaner energy sources through its green gas venture. Read More: https://lnkd.in/gbDAM9T9 #news #oilandgasnews #oilandgas
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[ Nov 21 (Bernama) ] PETRONAS GAS, PetGas • Maybank Investment Bank Bhd (Maybank IB) does not expect PetGas to be worse off under its new Gas Processing Agreement effective 2024, of which the terms have yet to be disclosed Maybank IB said the management had disclosed that projects under construction, namely the Kluang compressor station, liquefied natural gas (LNG) storage expansion and the Sipitang Power plant, are on schedule. "In addition, PetGas is currently conducting feasibility studies on mini-hydro and carbon capture and storage (CCS), and solar generation projects,” —//— • Hong Leong Investment Bank (HLIB) Research said the demand for gas and utilities is expected to remain stable going into the financial year 2024 (FY2024). HLIB said the management-guided overall margins for the fourth quarter of 2023 (4Q FY2023) will be affected by the planned higher maintenance activities, which will be negated by the slight drop in Malaysia Reference Price. The commencement of negotiation with Petronas on the new gas processing contract has been concluded with minor details being finalised. “The management is exploring new business opportunities such as the150-megawatt (MW) large-scale solar, 40MW mini-hydro and CCS facility in Kerteh, under the recently launched National Energy Transition Roadmap, to complement the group’s existing business. “LNG storage expansion in Pengerang is expected to achieve the commercial operation date by mid-2025 with a capital expenditure of RM100 million, while the Sipitang power plant EPCC (engineering, procurement, construction and commissioning) is within schedule,”
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The ⬆️ in share of Renewable Energy to 70% by 2050 is one of the initiatives by the government of #Malaysia to support energy transition and carbon reduction - Suruhanjaya Tenaga (Energy Commission). The government opened the bidding for 2 GW solar power generation under the Large-Scale Solar (LSS) from 2026, with a quota of 500 MW per developer. 𝗛𝗼𝘄 𝘄𝗶𝗹𝗹 𝘁𝗵𝗶𝘀 𝗰𝗵𝗮𝗻𝗴𝗲 𝗮𝗳𝗳𝗲𝗰𝘁 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝗽𝗹𝗮𝗻𝘀 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆? 🌞 Curious to invest in solar energy? 💲 Do you know the economics behind it? Reach out to us ALECA Sdn Bhd to know more about energy entrepreneurship, energy investment, and carbon footprint - especially in 𝘀𝗼𝗹𝗮𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁. Shout out to: 📢 Tenaga Nasional Berhad, SEDA Malaysia, Sarawak Energy, Sabah Electricity Sdn. Bhd., Sabah Energy Corporation Sdn. Bhd., Energy Commission of Sabah, PETRONAS, Petroleum Sarawak Berhad, Malakoff Corporation Berhad, Temasek, TotalEnergies, Gentari, UZMA Environergy, Solarvest #renewableenergy, #solar, #investment, #carbonfootprint, #solarinvestment, #solarenergy #bidding #LSS #newenergies
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🌞 𝐏𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐔𝐩: 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚'𝐬 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐞𝐭 𝐭𝐨 𝐋𝐢𝐠𝐡𝐭 𝐔𝐩 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 #Indonesia's state-owned electricity firm PT PLN (Persero) is in talks with private power developers to establish a groundbreaking electricity transmission scheme from Indonesia to #Singapore. This initiative could potentially supply 2 GW of renewable energy-based electricity to the city-state, with room for future growth. Five major consortiums, including Medco Power Indonesia and PT Adaro Energy Indonesia Tbk, have already received conditional approval from Singapore's Energy Market Authority. 🔗 Read the full article: https://lnkd.in/erkcJ4wt 💡 What's your take on this cross-border energy initiative? How might it reshape the energy landscape in Southeast Asia? Share your insights below! #IndonesiaPowerExport #RenewableEnergy #IndonesiaSingaporeEnergy #SolarEnergy #EnergyTransition #ASEANEnergy #SoutheastAsiaEnergy #CleanEnergyPartnership #PLN #PetromindoInsights 📊 For in-depth analysis on this and other pivotal developments in the energy sector, subscribe to Petromindo, your 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚'𝐬 𝐄𝐧𝐞𝐫𝐠𝐲, 𝐎𝐢𝐥, 𝐚𝐧𝐝 𝐌𝐢𝐧𝐢𝐧𝐠 𝐬𝐞𝐜𝐭𝐨𝐫𝐬. Dive deeper with our comprehensive range of products: 📚 Industry-leading books and magazines 🗺️ Detailed energy sector maps 🔬 In-depth reports for informed decision-making
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We see 2023 as a momentum to accelerate the growth of our renewable energy business. In that period, ITM succeeded in increasing its total committed solar-based renewable energy capacity by 400% from the previous year. Through two subsidiaries, namely PT ITM Bhinneka Power (IBP) and Cahaya Power Indonesia (CPI) ITM succeeded in recording a total capacity commitment of 29.8 MWp, increased from 7.3 MWp in 2022. This accumulated capacity includes plants that are already in operation both at our operational sites and customers’ facilities, currently under development, as well as in commitments with business partners. Actions to accelerate the renewable energy business development in 2023 also include the acquisition of 65% shares of PT Centra Multi Suryanesia Asset or Suryanesia by IBP. #ITM #ITMG #indotambangrayamegah #OurWayInEnergy
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PT Arkora Hydro Malili, which is a subsidiary of PT Arkora Hydro Tbk (ARKO), on December 21, 2023, signed an electricity purchase and sale agreement with PT Perusahaan Perusahaan Listrik Negara (Persero)/PLN. This electricity sales and purchase agreement involves PT Arkora Hydro Malili in utilizing mini-hydro power resources, which produce a total power of 10 MW. The term of this contract is 25 years with a BOOT (build own operate transfer) scheme. This project is located in South Sulawesi and is expected to provide significant benefits to the broader community in terms of electricity use. Arkora Hydro President Director Aldo Artoko said the new contract with PLN will have a positive impact on future business. "We are proud to announce the signing of a new contract, which will have a positive impact in moving the company's business forward. This contract is the result of our team's hard work and dedication and is a significant step in strengthening the company's position in the market. This partnership marks essential steps for the company. It provides significant benefits for the company's fundamental aspects, such as business growth, by creating new opportunities for business expansion as well as strengthening ARKO's presence in the market. By utilizing renewable energy resources, ARKO actively contributes to providing electricity not only for the South Sulawesi region but also for all of Indonesia so that it can improve the welfare of local communities and encourage economic development. Our participation in this project shows our commitment to sustainable programs and environmental responsibility, in line with PT. "State Electricity Company (Persero) and global efforts to combat climate change," said Aldo. In addition, with this agreement, ARKO and its subsidiaries have a power plant contract with a total capacity of 42.8 MW (growing 30.5%) and a total pipeline of 200 MW, thus strengthening ARKO's position as part of the renewable energy market. "This portfolio of assets increases our contribution to providing growing energy needs and drives our dedication to a sustainable clean energy future.” Aldo hopes that ARKO's contribution to the renewable energy sector can be part of the solution to current global environmental challenges. "We hope this collaboration will be a real example of how the private sector and government can work together to create positive change in our society and environment. "Together, we can create a greener and more sustainable future for future.”
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TNB And Selangor Government Collaborate On Renewable Energy Initiatives In Malaysia Tenaga Nasional Berhad, in partnership with the Selangor State Government, is advancing towards renewable energy (RE) and sustainable projects, aligning with Malaysia’s net-zero emissions target by 2050. This collaboration was solidified with the signing of a Memorandum of Understanding (MoU). Under the National Energy Transition Roadmap (NETR), TNB is leading three key projects, including five Centralised Solar Parks (CSP) across Peninsular Malaysia. The CSP initiative involves TNB Renewables, SMEs, State Entities, and Cooperatives, aiming to engage Bumiputera SME entrepreneurs in RE endeavors. The first CSP project, situated in Mukim Ulu Bernam, is set for completion by early 2026. Expected to offset 95,053 […] Read the full story here: https://lnkd.in/dK5CGRjc #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #malaysia #renewableenergy #selangor #solarenergy #southeastasia #tenaganasionalberhad
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In our latest Client Update, Partners Ahmad Fikri Assegaf, Kanya Satwika, M Insan Pratama Pratama, and Associate Rafi Yuszar Hanif explore Indonesia's local content requirements for renewable energy, highlighting the disparities between current thresholds and market realities. With ambitious renewable energy targets set by the government, regulations mandate prioritisation of domestic products in power generation projects, yet the industry struggles to meet these requirements due to limited domestic supply and technical constraints. This update underscores the need for revising calculation methods and introducing dynamic adjustments similar to the oil and gas industry’s approach, ensuring alignment with evolving market conditions and fostering the sustainable growth of renewable energy. Read the full update at https://lnkd.in/gtctcmy9 Stay connected with Rajah & Tann Asia for Insights across Asia: Rajah & Tann Asia #AHPClientUpdate #AHP #RenewableEnergy #Regulations #Indonesia #LawyersWhoKnowAsia
Time to Reflect on Indonesia’s Local Content Requirement for Renewable Energy
https://www.ahp.id
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Commercial Operation of the Jawa1 Gas-Fired IPP Plant Commences in Indonesia Summary: Marubeni is pleased to announce that PT. Jawa Satu Power, which is owned in consortium by Marubeni, PT Pertamina (Persero), and Sojitz Corporation, commenced commercial operation of the Jawa1 Gas-Fired IPP Plant, which is part of the Jawa1 Gas-Fired IPP Project, located in the Republic of Indonesia on March 29, 2024. Through this Project, Indonesia’s first large scale “Gas-to-Power” project initiative, a 1,760MW gas-fired power plant and Floating Storage and Regasification Unit (“FSRU”) with a storage capacity of 170,000 m3 were constructed to generate and provide power in West Java, Indonesia. All generated power from the plant will be dispatched to PT. PLN (Persero) (“PLN”) under a 25-year power purchase agreement. Going Forward: The Indonesian government and PLN, according to the Electricity Business Plan (RUPTL), are aiming to reduce greenhouse gas emissions by reducing reliance on coal and diesel power generation with high environmental burden. As part of this Electricity Business Plan, the Indonesian government and PLN are promoting the transition to gas-fired power plants that use natural gas, including LNG, as a fuel source, while also increasing the percentage of renewable energy. In March 2021, Marubeni established its long-term vision for climate change, positioning its green strategy as a fundamental policy for enhancing corporate value in its Mid-Term Management Strategy “GC2024”. Leveraging its accumulated achievements and experience around the world, Marubeni will continue to contribute to the stable supply of electricity in Indonesia as well as the development of Gas-to-Power projects in response to societal needs for transitioning to a decarbonized society. News Release (HP): https://lnkd.in/d7yRzcC9 Our Business(HP)<Power Division >: https://lnkd.in/gfCWyUzE #Marubeni
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Powering the Future: ENEGEM Opens Bidding for Clean Energy Trade with Singapore | June 19, 2024 Malaysia has taken a significant leap forward in its energy transition journey with the launch of a groundbreaking bidding process for cross-border renewable energy trade. This first-of-its-kind initiative, facilitated by the newly established Energy Exchange Malaysia (ENEGEM), positions Malaysia as a frontrunner in clean energy commerce within the region. The bidding session offers a unique opportunity for renewable energy producers to compete for the chance to supply 100 megawatts (MW) of clean power to Singapore for a one-year period. This initiative represents a key pillar of the government's energy transition strategy, aiming to unlock new economic opportunities while maximizing the value of Malaysia's clean energy resources. By participating in this pioneering program, successful bidders will play a pivotal role in shaping the future of sustainable energy in Southeast Asia. ENEGEM paves the way for a brighter tomorrow, powered by clean and reliable energy sources.
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Energy transition | LNG | RE M&A| Business Development & General Management SEA markets and have covered Sub Saharan belt
Bridging LCF opportunities in view of energy transition goals
Great to see our member company JERA Co., Inc. working with national energy company PT Pertamina (Persero) on low-carbon solutions for Indonesia's future. The partnership will look at tailored decarbonisation measures to fit Indonesia's needs, including collaboration on LNG and hydrogen/ammonia value chains. #lng #lngindustry #hydrogen #ammonia #decarbonisation
JERA and Pertamina to collaborate on low-carbon fuels value chain
https://www.offshore-energy.biz
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