LATEST ASIA INDUSTRY NEWS FROM POWER ENGINEERING INTERNATIONAL

Renewables will account for almost three quarters of global investment in power generation between now and 2014 according to a new report from Bloomberg New Energy Finance.

UK-based oil giant BP says, that despite the Trump administration’s soundings about reviving coal, its analysis suggests the fossil fuel’s decline is decisive.

International onsite power company Aggreko has acquired Indonesian power rental company PT Kerta Bumi Teknindo (KBT).

LM Wind Power has successfully completed installation and testing of a 66.5 metre wind turbine blade ordered by Hitachi for use offshore.

Honeywell Process Solutions is to establish a new industrial cybersecurity centre of excellence Singapore. 

Blackgold and China Huadian are coming together with the aim of developing a 600MW coal-fired power plant in Riau Province, Indonesia.

Clients from the power industry, among others, are set to benefit from access to new digital and analytical services such as predictive maintenance and energy monitoring provided by Siemens and Tata Consultancy Services.

TTCL Plc, one of Thailand’s largest listed contractors, is considering investing over $6bn in setting up two coal-fired power plants in Myanmar.

Businesses in Australia are opting to invest in unconventional power, in order to increase self-reliance at a time when the country is suffering from an ideological war on how to power its economy.

Japanese utilities Tepco and Chubu are set to make a significant cost cut through merging fossil businesses.

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