AGP Executive Report
Last update: 7 hours agoOil & Supply Security: Brent and WTI sank more than 8% as US midterm results revived hopes of an end to the Iran war. Iran has eased Hormuz transit restrictions for ships from India, China, Iraq and Qatar, while Washington sanctioned an India-linked network accused of helping Iranian oil tankers evade restrictions. India’s Grid Buildout: The Cabinet approved ₹145 billion to fund 92 GWh of storage by 2031, alongside ₹28.14 billion for domestic critical-mineral processing. Solar generation rose 48.6% year over year in Q3. Malaysia’s Power Demand: The government says grid upgrades are vital as data centres and manufacturing drive electricity demand. Peak use is forecast to rise from 21 GW this year to more than 33 GW by 2035; planned network investment includes RM15 billion for reinforcement. Clean-Energy Finance: Pentagreen Capital and Candi Solar will invest $50 million in Indian solar and battery projects, targeting about 400 MWp and 227 business customers. Bangladesh-China Ties: A new cooperation agreement covers energy and infrastructure, as Bangladesh seeks Chinese investment and plans power and gas infrastructure linking Mongla with the north.
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