‘Chinese investors’ eyeing $6b refinery project in Riau Islands: Official
Chinese investors plan to develop a multibillion-dollar oil refinery in Batam, Riau Islands province, an official with the Office of the Coordinating Maritime Affairs and Investment Minister has said. Maritime and energy sovereignty deputy Purbaya Yudhi Sadhewa told an online press conference on Tuesday that the investors had sent a letter addressed to the Coordinating Minister’s Office, “asking for our agreement […]
EPGE extends Magwe power plant tender deadline
Myanmar’s Ministry of Electricity and Energy has extended the deadline of a gas-to-power plant tender to next week. On April 28, the ministry’s Electric Power Generation Enterprise (EPGE) announced a tender for a 12 megawatt gas-powered plant in Magwe on a build-operate-own basis.
KEPCO and Doosan Heavy shares up after regulatory nod to Indonesian power project
Shares of Korea Electric Power Corporation (KEPCO) and Doosan Heavy Industries & Construction Co. remained strong Tuesday morning after news that a large-scale thermal power plant construction project in Indonesia involving the two Korean firms passed a feasibility study on Monday.
Call for more power investments to meet province’s demand
Banteay Meanchey administration said the province boasts potential investment activities which need more power to meet local demand as it aims to reduce the energy imports from its neighbour Thailand in the northwest. The province needs a capacity of 100 megawatts (mW) to supply domestic needs and has four special economic zones and a small-scale […]
BCPG cuts capital spending for 2020
SET-listed BCPG, a renewable power generation arm under Bangchak Corporation, has cut capital expenditures for this year to between 8-15 billion baht, says president and chief executive Bundit Sapianchai. The amount was initially set at 20 billion baht in February, but because of the impact of lockdown measures, particularly travel restrictions, the reduced spending is […]
Vietnam eyes power plants sales to fund new projects, ease debt – media
HANOI, June 2 (Reuters) – Vietnam plans to sell some operational state-owned power plants to foreign investors to raise funds for urgently needed new projects and ease pressure on public debt, local media reported on Tuesday. State-owned Electricity of Vietnam (EVN) and the government’s Commission for the Management of State Capital at Enterprises are drafting the […]
Laos’ debt woes worsen as bills for China-funded dams loom
BANGKOK — COVID-19 has rattled Laos’ debut in selling a U.S. dollar bond in international markets, adding pressure on a country whose “Wild West of dam building” splurge has put it in a precarious repayment situation, especially in regard to China, its leading lender.
World Bank Approves $460 Million Funding for Power Generation, Health Services in Myanmar
YANGON—The World Bank (WB) has announced it will provide a total of US$460 million (645 billion kyats) in credit to Myanmar to upgrade electricity power generation projects and increase access to quality essential health services, with a focus on maternal, newborn and child health. The WB said on Saturday its board approved $350 million in credit […]
