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| SRI LANKA: CPC in trouble over oil hedging deal |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- Sri Lanka’s state oil firm Ceylon Petroleum Corporation (CPC) may default on a oil hedging deal with Standard Chartered Bank. |
| VIETNAM: Cavico to enter wind energy business |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- Cavico Corp, a leading infrastructure company in Vietnam, said its wholly owned subsidiary, Cavico Transportation, has been approved to build a wind farm in Lam Dong province. |
| INDIA: Tata boosts investments in wind power projects |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- India’s Tata Power is aiming to increase its investments in wind power projects. |
| CASPIAN: Turkey weighs energy options |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- Sandwiched between Europe and the politically volatile resource-rich countries of Central Asia, Turkey is weighing its options that will best secure its energy supplies. |
| SAUDI ARABIA: Conergy Asia-Pacific to develop large-scale solar power plant |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- Conergy Asia-Pacific, the Singapore-based subsidiary of Germany’s renewable energy firm Conergy AG, said it has been awarded a contract to build a 2MW solar power plant for Saudi Arabia’s King Abdullah University of Science and Technology (KAUST). |
| PHILIPPINES: IFC increases investment in renewable energy projects |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- IFC, a member of the World Bank Group, said it has agreed to provide loans to the Energy Development Corporation, a leading geothermal producer, for its renewable energy initiatives... |
| AUSTRALIA: Science experts call for a national biofuels institute |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- The Australian Academy of Technological Sciences and Engineering (ATSE) has called for the government to establish a national institute to look into all issues related to the biofuels industry. |
| COMPANY: Noble Group commits to becoming a “carbon neutral” company |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- Noble Group, a Singapore-listed global supply chain manager of agricultural, industrial and energy products, said it is committed to tackle the issue of climate change. |
| ASIA: Renewable energy to provide 67% of region’s electricity by 2050 |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- Renewable energy sources will account for 67% of the electricity produced in developing countries in Asia by 2050, supplanting the need for nuclear energy and reducing requirements for fossil fuel-fired power... |
| ASIA: ADB to launch new carbon fund |
| Friday, 12 December 2008 | |
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(EnergyAsia, December 12, Friday) --- The Asian Development Bank (ADB) said it has received financing commitments of over $100 million for a new post-2012 carbon fund. |
