Energy economy

Energy Investment
EGYPT: Al-Nowais to Invest $1bn in Solar and Wind Farms
UAE-based investment company Al Nowais intends to invest $1 billion to develop two solar and wind farms in Egypt.
Power Construction
World Bank $500m Loan to Modernize Bangladeshi Grid
Investment is required so electricity distribution networks can be upgraded to keep pace with an explosion in generation capacity over the last decade, and to h…
Energy Investment
Indonesia Eyes Massive Investments in Renewable Power
The Southeast Asian nation is currently heavily reliant on coal for power generation.
Energy Investment
China Three Gorges Plans to Pour $6.47 Billion Into Three New Wind Farms
China Three Gorges Corp. plans to invest nearly 41.2 billion yuan in building three offshore wind farms in southeastern China’s Guangdong province, the state-o…
Hydropower Plant
Bangladesh Trying to Import 500 MW Hydro-Electricity from Nepal
Power Cell director general Mohammad Hossain has said that Bangladesh is trying to import 500 MW of hydro-electricity from Nepal.
Energy Investment
Australian Resource Investment Rises in 2021
Investment in committed resource and energy projects in Australia rose in the 12 months to the end of October from a year earlier, led by increased investment i…
EV Market
Hyundai and Kia Sell More Cars in India Than in China
Hyundai Motor Co.’s sales in India has surpassed its sales in China for the first time in 18 years.
Power Construction
SOMALIA: $150 million to Provide Electricity Access to 7 million People
The World Bank approves a $150 million loan to Somalia.
Thermal Coal
HSBC Says It will Phase out Financing of Thermal Coal by 2040
HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenh…
Energy Investment
US Puts Carbon Focus in $9.5bn Going to Hydrogen
The US Energy Department is tasked with spending $1.9bn/yr over the next five fiscal years to kick-start a "clean hydrogen economy" under the bipartisan infrast…
Oil Exploration
QatarEnergy Enters Egypt Through Agreement with Shell
QatarEnergy has entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.
Energy Investment
O&M Tenders Issued for Two Solar Projects in Karnataka
The last date to submit the bids for both the tenders is December 24, 2021
Hydrogen Project
POSCO International Acquires Senex Energy to Expand Hydrogen Biz
POSCO International is pursuing global mergers and acquisitions in preparation for the energy transition era.
United States
BP Acquires EV Fleet Charging Provider AMPLY Power in US
BP said on December 7 the UK company took its first major step into electrification in the US with the acquisition of AMPLY Power, an electric vehicle (EV) char…
Electric Car
Kia Corp. to Part Ways with Chinese Joint Venture Partner
Kia Corp. will break up with its joint venture partner in China, Dongfeng Motor Corp., after 20 years of partnership.

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Energy economy

EGYPT: Al-Nowais to Invest $1bn in Solar and Wind Farms

World Bank $500m Loan to Modernize Bangladeshi Grid

Indonesia Eyes Massive Investments in Renewable Power

China Three Gorges Plans to Pour $6.47 Billion Into Three New Wind Farms

Bangladesh Trying to Import 500 MW Hydro-Electricity from Nepal

Australian Resource Investment Rises in 2021

Hyundai and Kia Sell More Cars in India Than in China

SOMALIA: $150 million to Provide Electricity Access to 7 million People

HSBC Says It will Phase out Financing of Thermal Coal by 2040

US Puts Carbon Focus in $9.5bn Going to Hydrogen

QatarEnergy Enters Egypt Through Agreement with Shell

O&M Tenders Issued for Two Solar Projects in Karnataka

POSCO International Acquires Senex Energy to Expand Hydrogen Biz

BP Acquires EV Fleet Charging Provider AMPLY Power in US

Kia Corp. to Part Ways with Chinese Joint Venture Partner