Asia Power Update 9/5

Japan to more than quintuple renewable energy capacity by 2030 CNOOC asks Canada to approve Nexen takeover China National Offshore Oil Corporation has formally requested the Canadian government to approve its US$15 billion offer for Nexen. Japan's electricity rates surges with thermal power Tepco raised household electricity rates by an average of 8.46 percent to help pay rising fuel costs from thermal power generation. Japan's renewable energy plan eliminates nukes Japan unveiled a new power generation strategy that will boost capacity by more than sixfold for four renewable energy categories by 2030. Softbank, Mitsui to build Japan’s largest solar plant Softbank Corporation and Mitsui & Company have signed a contract to build and operate a 40 megawatt solar power that will be Japan’s largest. Japan's new energy policy to still include nuclear power Japan will announce its new national energy policy next week that will confirm its inability to wean itself from nuclear power. Serious power shortage could cripple Vietnam Vietnam's looming power shortage is expected to worsen despite a drop in demand. Indonesian coal gasification plants in the works A coal gasification plant is currently being planned to take advantage of low-grade coal. Vietnam looks to the IAEA for guidance on nuclear power Preparations are underway for the construction of Vietnam’s first nuclear power plant in central Ninh Thuan Province. Philippines to price renewable energy seperately A separate pricing methodology will be implemented by the Philippines' Energy Regulatory Commission for the import-and-export of renewable energy into the power grid. Japanese solar cell sales jump 72% Sales of solar cells in Japan hit 445 megawatts from April to June following a 72% rise year-on-year. Philippines to bid out 40 hydropower contracts The Philippines largest single offering of mini-hydropower projects to the private sector is to be auctioned in the fourth quarter. Morgan Stanley wants Indian wind power business Morgan Stanley is hoping to acquire a wind power business in India. Japan's MHI eyes cooperation with Vestas Wind Systems Vestas Wind Systems and Mitsubishi Heavy Industries Ltd. Japan's JFE to study Myanmar waste power project JFE Engineering Corp. will conduct a feasibility study on an urban waste power generation project in Yangon.

PEOPLE ›› Goel new CEO of renamed Tata Power Solar Systems

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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 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