Asia Power Update 7/17

India formulates offshore wind energy policy
India to ramp up solar power production India could install 40 gigawatts of solar power capacity by 2022, or twice the government target. World's largest solar power plant to rise in Korea Renault Samsung Motors will convert the parking lots and rooftops of its Busan factory into the world’s largest solar power plant. China installs world's largest hydropower unit China has completed the installation of the world's largest hydropower-generating unit and has now entered thetrial stage. Ming Yang Wind Power takes aim at Vestas China’s largest wind turbine maker offers to buy the world’s largest wind turbine maker for up to US$1.97 billion. China and Israel forge closer renewable energy ties Executives from solar energy companies in both countries have met in an effort to increase business cooperation. PTT in new Asian energy expansion State-owned PTT Pcl intends to invest up to US$3 billion in energy projects in Myanmar. Brunei to balance fossil fuel with renewable energy Brunei Darussalam wants a balancing of energy mix in fossil fuels and renewable energy to achieve the 45 percent reduction target in energy intensity by 2035. China increases solar installation target to 21GW by 2015 The Chinese National Development and Reform Commission has increased the country's solar energy installation target from 15GW to 21GW by 2015. China’s clean energy investments almost double Chinese firms invested US$18.3 billion in clean energy projects in the second quarter to top other countries. India's national grid to be connected to southern grids by mid-2013 Work is progressing on connecting India's southern grid to the national transmission grids. Small hydropower enterprises in Vietnam cry exploitation Small hydropower enterprises in Vietnam complained that it is forced to sell power to Vietnam Electricity at low rates. Japan eyes electricity deregulation A draft proposal by a panel of experts said Japan should overhaul its power sector, dominated by regional monopolies, to promote competition and a stable power supply. 902kW Auckland PV project to be completed by August Grace Solar will be building a 902kW ground-mounted PV project in Auckland and expects the installation to be completed by August 5. India's Chamera III hydro achieves synchronization and full load Chamera III hydro power plant three 77 MW units has been synchronized and achieved full load. Vietnam needs $959M for urgent electricity projects The Electricity of Vietnam has informed Deputy Premier Hoang Trung Hai that it needs US$959 million capital for urgent electricity projects. Reliance Power secures Chinese funding for major power project Three Chinese banks have agreed to lend India’s Reliance Power Ltd US$1.1 billion to finance power projects in India. Kerala's 2000MW power plants lack gas for commissioning Only 6.43 MMSCMD are allocated for Kerala's gas-based power plants against the total requirement of 13.65 MMSCMD. Malaysia's Genting to develop $1B Indonesian coal-fired plant A unit belonging to Malaysia's Genting Bhd will develop a 660 MegaWatt coal-fired power plant in Banten province worth $1 billion. Suzlon and ReNew Power in joint wind power project Two Indian companies are partnering to build wind energy projects with a total capacity of 300 megawatts. South Australia to power over 100 nuclear plants An expansion of the world's largest uranium deposit wil allow South Australia to fuel a third of the world's nuclear power plants. Work to begin for 4680MW Indo-Bhutan hydro projects Hydropower projects totaling 4680MW capacity under Indo-Bhutan joint initiative will begin construction within a year.