Asia Power Update August 1, 2012

Mammoth Indian power outage ignites talk of punitive measures China rails against dumping charges filed in the EU China is loudly criticizing a complaint filed with the European Commission seeking import tariffs on Chinese-made solar products. CNOOC sets aside cash for future acquisitions China National Offshore Oil Corporation turns to short-term tools to finance its US$15billion cash bid for Canada’s Nexen Inc. CNOOC to buy Canada’s Nexen in biggest Chinese takeover China National Offshore Oil Corporation is on the verge of completing the biggest foreign corporate acquisition in Chinese history. Indian solar plant also fights pollution India’s largest industrial solar plant will also clean polluted water. US assists India's clean energy devt with $20M programme The US will help in India's transition to a high performing, low emissions and energy secure economy with $20 million clean energy deployment programme. Bangladesh, Nepal to collectively produce hydropower Bangladesh and Nepal agreed to work together in producing hydropower for mutual benefit. India in worst-ever blackout as power grids fail India experienced what was dubbed as its biggest ever power failure leaving half of the country oraround 600 million people without electricity supply. China to stimulate economy with energy investments The need to restore growth to its economy is pushing China to launch projects that will draw private investments. POSCO to invest in Pakistan’s energy sector South Korea’s largest steel mill by market value says it will invest in Pakistan’s energy sector, including solar energy, hydropower and other renewable sources. India’s energy dependence to rise Despite the current economic slowdown, India’s economic growth will see its energy use double by 2031. Oceans capable of supplying 10% power to Australia: study Oceans could be supplying 10% of Australia's electricity needs by 2050. Siemens to supply order for South Korean gas plant Siemens has secured an order worth US$492.9 million from POSCO Energy to supply single shaft configurations to three power islands of natural-gas-fired power units in South Korea. Karachi consumers to pay more for power A power tariff increase of Rs2.68 per unit for Karachiites has been approved on account of fuel adjustment charges during January to March 2012. Bangladesh PM pushes for environment-friendly energy Bangladesh PM Sheikh Hasina emphasized the need for more renewable energy production such as wind and solar power to protect the environment. Shika nuke plant to be probed for active fault Hokuriku Electric Power Co. plans to dig a tunnel under the reactor 1 building at its Shika nuclear power plant to investigate a suspected active fault. China to continue building nuclear plants China is quietly starting the construction of four new nuclear power plants placed on hold following the Fukushima nuclear disaster of March 2011. Malaysian and Chinese firm to build RE production plant AT Systematization Berhad and China’s Maoming Jiacheng Industrial Co., Ltd will form a joint venture company to produce renewable energy products. Group advocates using local coal for Bangladesh power generation The International Chamber of Commerce, Bangladesh reietrated that the cheapest option for the country to meet its increasing energy need is to use local coal forpower generation. Tonga's largest solar power park ready to go online Tonga’s first and largest grid-connected solar park is ready to go online this July.

EVENTS CALENDAR 7th Annual China Nuclear Power Congress Date: 22 Nov 2012 Venue: Shanghai, China SAP for Utilities Asia Pacific Conference 2012 Date: 07 Nov 2012 Venue: The Sheraton Towers, Singapore 3rd World Clean Coal Week China Focus Date: 05 Nov 2012 Venue: Beijing, China Asia Smart Grid Date: 22 Oct 2012 Venue: Sands Expo & Convention Centre, Marina Bay Sands, Singapore Asian Future Energy Forum & Exhibition Date: 22 Oct 2012 Venue: Sands Expo & Convention Centre, Marina Bay Sands, Singapore SIEW 2012 Date: 22 Oct 2012 Venue: Singapore CEPSI 2012 Date: 15 Oct 2012 Venue: Bali, Indonesia Asian Power Awards 2012 Date: 04 Oct 2012 Venue: Bangkok, Thailand POWER-Gen Asia 2012 Date: 03 Oct 2012 Venue: Bangkok, Thailand Indonesia Energy & Power Summit 2012 Date: 20 Sep 2012 Venue: Jakarta, Indonesia 7th Annual Transmission & Distribution Smart Grids Asia 2012 Date: 18 Sep 2012 Venue: Kuala Lumpur, Malaysia China Clean Energy Grid Integration Summit 2012 Date: 13 Sep 2012 Venue: Lanzhou, China 2nd World Smart Grid conference India Week Date: 12 Sep 2012 Venue: New Delhi, India Offshore Wind Development Forum 2012 Date: 03 Sep 2012 Venue: Taipei, Taiwan Power Industry India Conference and Exhibition Date: 30 Aug 2012 Venue: Le Méridien New Delhi, India 2nd India Nuclear Energy Summit 2012 Date: 30 Aug 2012 Venue: Mumbai, India Power Plant Maintenance and Outage Management Asia Date: 29 Aug 2012 Venue: Singapore The 4th Guangzhou International Solar Photovoltaic Exhibition 2012 Date: 21 Aug 2012 Venue: China Import and Export Fair Pazhou Complex