Asia Power Update 9/19

Finnish cleantech companies eye India China in huge RE investment in Estonia Jilin New Energy Investment Company Ltd plans to invest US$168 million in renewable energy projects in the Republic of Estonia in the Baltic Sea region. Japan's renewable energy subsidy brings $2B investments Japan's subsidies for renewable power suppliers have sparked more than $2 billion of investment since they were launched two months ago. S. Korea, Kazakhstan to expand cooperation in energy South Korea President Lee Myung-bak and Kazakhstan President Nursultan Nazarbayev pledged to expand cooperation in energy, plants and atomic power. Chinese energy investments sustaining Cambodia's economy Cambodia has praised China for the massive energy investments that have become key to its sustainable social and economic development. Japanese renewable energy subsidies spark investment boom Japan's subsidies for renewable power providers could lead to huge investments amounting to some US$640 billion by 2030. China prospecting for oil in Arab countries China National Petroleum Corporation, the largest oil and gas firm in China, has invested in 22 oil and gas projects in Arab countries. Japanese group to market hydrogen fuel made from sewage A consortium of five Japanese companies including Toyota Motor Corporation last week began testing a process that will yield hydrogen fuel derived from sewage sludge. Russia expresses support for Bangladesh power sector Russia will assist Bangladesh in developing its power and gas sector, including establishing nuclear power plants. Philippines' Aboitiz to source financing locally for $3.6B power projects Aboitiz Power will tap the local debt market to fund 75 percent of the its $3.6 billion coal-fired plant projects. China to invest US$39.5B in PV during 2011-15 China will invest around US$39.5 billion in domestic solar power generation between 2011 and 2015. Indonesia's PLN urged to cut power loss The Indonesian government urged PLN to reduce electricity losses and increase the country’s electrification ratio. S.Korean govt identifies candidate sites for nuke plants The government of South Korea named two candidate sites for two new nuclear power plants. Japan to banish nuclear energy by 2040 Japan will shut down its nuclear energy sector by 2040, ending a heavy reliance on a power source that provided a third of its energy until 2011. Hawaii and China to partner in clean energy Hawaiian Governor Neil Abercrombie and Secretary General Xu Hubin of the China Council for the Promotion of International Trade have signed an agreement to jointly pursue clean energy projects. Solar investment target set at US$39.5 billion China expects investments in solar power to hit US$39.5 billion by 2015 and a huge rise in the sector’s employment. China shifting to higher quality turbines: Vestas China’s wind park developers are now seeking higher-quality turbines rather than just picking the cheapest machines. India's Lanco to set up Bangladesh's Bhola Power Plant The Bangladesh Power Development Board has engaged Indian firm Lanco for setting up of the Bhola 217.9 MW gas-fired Combined Cycle Power Project. JREF to pioneer Japan’s paradigm shift towards renewable energy Newly-founded Japan Renewable Energy Foundation has put forward a proposal for a new energy policy 2030 focusing on a wide deployment of renewable energy. Japanese agency may finance Bangladesh coal-fired plants The Japan International Cooperation Agency is contemplating of financing two coal-fired power plants to be set up in Bangladesh. India to craft guidelines for offshore wind power India's Ministry of New and Renewable Energy is contemplating policy guidelines on it for the copuntry's offshore wind power sector. India's PM wants comprehensive review of energy policies Prime Minister Dr. Manmohan Singh may implement a major revamp of the India’s energy policies. China's wind power push not profitable for producers Wind power developers could not yet benefit from China's scheme ordering electricity distributors to source up to 15 percent from renewable energy. China to become No. 1 in smart grid market China is expected to become the world's leading smart grid components market with a value of US$1.43 trillion. Alstom to utilize ‘smart grid’ technology in Indonesia Alstom will use its digital substation technology to help Indonesia’s state electricity company PT PLN to improve its service. Russia wants Pakistan dam project without bidding Russia wants to be awarded the construction contract for the $13 billion Diamer Bhasha Dam without resorting to international competitive bidding.

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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: Grand Hyatt Erawan Hotel, Bangkok, Thailand POWER-Gen Asia 2012 Date: 03 Oct 2012 Venue: Bangkok, Thailand EP China 2012 Date: 26 Sep 2012 Venue: Beijing, China Indonesia Energy & Power Summit 2012 Date: 20 Sep 2012 Venue: Jakarta, Indonesia