Latest news with #ElectricityGeneratingAuthority
Time of India
16 hours ago
- Business
- Time of India
China added 14.4 GW new hydropower capacity in 2024; pumped storage capacity at 58.69 GW: IHA
New Delhi: China added 14.4 gigawatts (GW) of new hydropower capacity in 2024, including 7.75 GW of pumped storage hydropower (PSH), taking its total installed hydropower capacity to 435.95 GW, the International Hydropower Association (IHA) said in its 2025 World Hydropower Outlook. The report said China's total pumped storage capacity stood at 58.69 GW at the end of 2024. With more than 200 GW of PSH either under construction or approved, the country is expected to exceed its 2030 pumped storage target of 120 GW and may reach 130 GW before the end of the decade. The East Asia and Pacific region added 14.6 GW of hydropower capacity in 2024, taking total capacity to 576.5 GW. Of this, 7,750 MW came from pumped storage, raising the regional PSH total to 98.4 GW. In Southeast Asia, Laos continues to expand cross-border hydroelectricity exports to Thailand, Vietnam, and Cambodia. The report said Singapore is also seeking to increase hydropower imports through regional collaboration. In Thailand, the Electricity Generating Authority commissioned a 24 MW floating solar PV system at the Ubol Ratana Dam in 2024. Malaysia and Indonesia are also exploring the hybridisation of hydropower projects with solar power. The report stated that despite strong momentum, several countries in the region are facing challenges. Delays in permitting and environmental approvals, land rights issues, and lack of financial mechanisms to support capacity markets are slowing project development in Australia, Indonesia, and Vietnam. The IHA said these hurdles are constraining private investment and delaying grid infrastructure upgrades that are required to accommodate new hydropower generation and storage. The report highlighted that pumped storage is gaining prominence globally due to rising demand for grid flexibility . 'This year's World Hydropower Outlook shows that global new capacity is accelerating after several years of stagnation,' IHA President Malcolm Turnbull said. IHA Chief Executive Eddie Rich said, 'As the renewable energy market continues to grow, the story of this year's Outlook is clearly that pumped storage hydropower is at the forefront as the world looks to more energy storage.' The report called for greater policy clarity, faster permitting, and the creation of new market mechanisms to value hydropower's capacity and flexibility services. It noted that these steps would be essential to ensure hydropower contributes effectively to the energy transition.
Free Malaysia Today
24-05-2025
- Business
- Free Malaysia Today
Malaysia allocates RM3bil for Sungai Golok project
Deputy prime minister Fadillah Yusof said funding for the project would include building a security wall under the National Security Council. (Bernama pic) PETALING JAYA : Malaysia has allocated nearly RM3 billion for the Golok river mouth improvement project, says deputy prime minister Fadillah Yusof. Bernama reported that this is a strategic cross-border initiative with Thailand aimed at mitigating flood risks, safeguarding local communities and enhancing national security. Fadillah said the total funding for the project would include building a security wall under the National Security Council. 'We have informed the Thai government that Malaysia has approved a location for dredging works, while simultaneously undertaking improvements to Sungai Golok, including the construction of a river wall. 'This is not merely a flood mitigation initiative but also a security measure,' he said in Bangkok at the end of his four-day working visit to Thailand. He said parts of the project were awaiting final approval from the Thai authorities. The estimated timeline for completion is three years from the commencement date. On another issue, Fadillah said Tenaga Nasional Bhd and the Electricity Generating Authority of Thailand had completed feasibility studies on a plan to upgrade their existing power interconnection facilities between the two nations. He said both countries had acknowledged that the interconnection, commissioned in the early 2000s, was ageing and in need of an upgrade. He said this interconnection upgrade will secure cross-border electricity exchanges and lay the groundwork for future multilateral electricity trade under the Asean Power Grid initiative.
