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Energy in Asia

  • Fuel removal device installed at meltdown-hit Fukushima reactor

    JAPAN, 2017/11/13 The plant's operator, Tokyo Electric Power Co (TEPCO), says it started putting a crane on the roof of unit No. 3 on Sunday to extract a total of 566 rods from its fuel pool. Workers at Japan's crippled Fukushima Daiichi nuclear power plant have installed a device to remove nuclear fuel from a meltdown-hit reactor nearly seven years next the crisis was sparked by a tsunami, a spokesman said Monday, November 13.
  • Life after Rosneft deal: CEFC ambitions face debt, regulatory hurdles

    CHINA, 2017/09/17 CEFC China Energy is considering additional deals next recently snapping up a $9.1 billion stake in Russia's Rosneft, industry sources said, shrugging off a growing deficit pile and rising regulatory scrutiny. Privately owned CEFC, in just a few years, has gone from a niche oil trader to a $25 billion conglomerate with strong political ties and a rare arrangement to store part of the country's strategic oil reserve. Its ambit presently extends beyond oil assets to infrastructure and even financial services. It is one of a handful of conglomerates in China with all financial services licenses, owning or controlling banks, an insurer, a brokerage firm, a trading platform and several funds, according to its website.
  • Life after Rosneft deal: CEFC ambitions face debt, regulatory hurdles

    CHINA, 2017/09/17 CEFC China Energy is considering additional deals next recently snapping up a $9.1 billion stake in Russia's Rosneft, industry sources said, shrugging off a growing deficit pile and rising regulatory scrutiny. Privately owned CEFC, in just a few years, has gone from a niche oil trader to a $25 billion conglomerate with strong political ties and a rare arrangement to store part of the country's strategic oil reserve. Its ambit presently extends beyond oil assets to infrastructure and even financial services. It is one of a handful of conglomerates in China with all financial services licenses, owning or controlling banks, an insurer, a brokerage firm, a trading platform and several funds, according to its website.
  • IAEA opens nuclear fuel bank in Kazakhstan

    KAZAKHSTAN, 2017/09/04 The International Atomic Energy Agency (IAEA) opened a Low Enriched Uranium Bank (LEU) in Kazakhstan on Tuesday, and Kazakh President Nursultan Nazarbayev said the opening of the bank is a very significant event for Kazakhstan. The LEU bank, aiming at safe, fasten and peaceful uses of nuclear science and technology, is going to use the facility worth 150-million U.S. dollars to discourage new states from enriching the nuclear fuel.
  • Beijing’s plans for floating nuclear reactors get US$150 million boost

    CHINA, 2017/08/12 Joint venture company is expected to develop new technologies to boost China’s maritime nuclear capabilities. China has announced plans to bolster its maritime nuclear capabilities with the creation of a major new joint venture project, which could as well provide the catalyst for the development of floating reactors in the South China Sea and beyond. National-owned China National Nuclear Power announced on Thursday it was establishing the new company – with registered capital of one billion yuan (US$150 million) – in cooperation with Zhejiang Zheneng Electric Power, Shanghai Guosheng Group, Jiangnan Shipyard and Shanghai Electric.
  • Uganda Seeks Chinese Cooperation In Nuclear Energy

    CHINA, 2017/07/09 A delegation from Uganda has visited China to familiarise itself with nuclear energy technology and to discuss cooperation. The African country plans to introduce nuclear into its next energy mix. The delegation – led by Prisca Boonabantu, undersecretary in the Ministry of Energy and Mineral Improvment– comprised representatives from the ministry, the Uganda Atomic Energy Council and from Uganda’s embassy in Beijing. The visit took place on 2-5 May and was organised by China Zhonguan Engineering Corporation (CZEC), a subsidiary of China National Nuclear Corporation (CNNC). It followed a visit of Chinese officials to Kampala in March last year.
  • China’s Energy Security: Reality Roadblock In Ethiopia

    CHINA, 2017/07/09 Massive Chinese infrastructure investments across the Eurasian landmass and Africa, together with the influx of Chinese personnel, are targeted by insurgents, rebels, and militants. The uncertainty in Ethiopia undermines China’s efforts to boost economic links with the African continent via the One Belt One Road Initiative. Ethiopia, situated in the Horn of Africa and next to Djibouti where China is building its initial ever foreign military base, is a key node along the proposed route of the One Belt One Road, presently known as the Belt & Road Initiative (BRI). This ambitious project to reshape the world through infrastructure connectivity, however, is hampered by domestic conflicts and local opposition.
  • Myanmar expands electricity access through small grids

    MYANMAR, 2017/07/01 Investment in off-grid solutions is increasing in Myanmar, as the country seeks to boost connectivity and move towards providing universal access to electricity within 15 years. In mid-May the Ministry of Agriculture, Livestock and Irrigation announced it was accelerating its programme for off-grid power projects in rural areas. Under these plans, 10 villages will be linked to standalone power sources as part of a pilot programme to improve connectivity in remote regions.
  • Finance Minister On Power Sector In Budget Speech,Abul Maal Abdul Muhith

    BANGLADESH, 2017/06/15 Finance Minister AMA Muhit in his budget speech said that, the country’s electricity generation capacity has raised while load-shedding was lessened. Already 80 percent of the countrymen has access to electricity, rest 20 percent will get access to electricity within the year of 2021. Country’s dependency on quick rental power plants will also start to decrease after 2018, he added.
  • Roopur NPP Gets Highest Allocation, Lowest Rampal

    BANGLADESH, 2017/06/15 The Nuclear Power Plant Project of Rooppur has got the highest budget allocation of 100 thousand and 136 crore taka as a development project of the government in the proposed budget for the fiscal year of 2017-18. According to the proposed budget, 10 mega top-priority projects of the government has got a total allocation of 32 thousand and 531 crore taka which is 21.21 % of the total Annual Development Programme (ADP).