ACEN, the energy platform of the Ayala Group, has disclosed the full divestment of the South Luzon Thermal Energy Corporation (SLTEC) coal plant using the energy transition mechanism (ETM), the first ETM deal in the world. The official statement by ACEN informs that the landmark transaction will enable the early retirement of the 246-MW coal plant in Batangas, the Philippines. As part of the ETM structure, the coal plant’s operating life of up to 50 years will be cut in half, as ACEN commits to retire and transition the plant to a cleaner technology by 2040. The move is expected…
Author: Saur News Desk
The textile sector is often regarded as one of the most polluting sectors especially when talking about a developing country. In a key development, Bangladesh’s top garment makers’ body Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has now partnered with Chinese ICT conglomerate and infrastructure maker Huawei in order to reduce the pollution caused by the garment industry through energy consumption. Pan Junfeng, Chief Executive Officer, Huawei Technologies (Bangladesh) Limited, and Faruque Hassan, President, BGMEA, inked the new agreement on behalf of their organisations in Dhaka, the capital city of Bangladesh. Under the new scheme of things, Huawei will install…
Taiwan based global battery swapping ecosystems developer Gogoro Inc has announced its entry in India with a pilot project that will begin in December 2022, by forging a strategic initiative and partnership with India’s Zypp Electric, an EV-as-a-Service platform. The official statement held that together, the companies are focused on accelerating the urban shift of logistics fleets and last mile deliveries to electric using battery swapping. Horace Luke, Founder, Chairman, and CEO of Gogoro, said, “With more than 350 million battery swaps to date, Gogoro is introducing its advanced battery swapping platform in India to establish a new generation of…
A memorandum of understanding (MoU) has been established to investigate the technical and financial viability of a hybrid offshore floating solar park that makes use of Singapore’s ocean, tidal, and wind resources. The three organisations with Singaporean headquarters listed below have signed an MoU. Energy Research Institute @ NTU (ERI@N), a division of Nanyang Technological University (NTU), Singapore. Through its applied technology innovation unit KepInfra Energy Transition Center, Keppel Infrastructure (KETC). Through the Solar Energy Research Institute of Singapore (SERIS), and the National University of Singapore (NUS). The MoU is a collaborative study on the technical and economic sustainability of…