GE Renewable Energy to support the clean energy growth in the Philippines
Paris, February 10, 2020 – GE Renewable Energy booked a contract with Angat Hydropower Corporation to rehabilitate the 218 MW Angat hydropower plant located in the Philippines. This 53-year-old Angat hydropower facility supplies more than 90% of Metro Manila’s potable water needs [1] and supports the irrigation of 25,000 hectares of farmlands in Bulacan and Pampanga […]
Green debt markets in Asean poised to grow — SEC
MANILA, Philippines — The green debt markets in ASEAN countries including the Philippines are poised to grow, according to the Securities and Exchange Commission (SEC). In a keynote speech at the ASEAN+3 Bond Market Forum Meeting held recently at the Asian Development Bank (ADB) Headquarters in Manila, SEC commissioner Ephyro Luis Amatong said bond issuances under […]
French businessmen eyeing investment in Myanmar
YANGON, Feb 7, Eleven Media Group/ANN — French business people interested in Myanmar called on State Counsellor Aung San Suu Kyi on February 5, the State Counsellor Office reported. The State Counsellor received the MEDEF International business delegation at the Ministry of Foreign Affairs in Nay Pyi Taw.. During the meeting both sides discussed investment […]
Citibank, ING to arrange funds for LNG-fired power units in Vietnam
HANOI (Reuters) – PetroVietnam Power Corp has signed a deal to allow a consortium of Citibank and ING Bank [INGBK.UL] to arrange funds for its project to expand a gas-fired power complex in southern Vietnam with two new units, the company said. The funds will be used for the construction of the 1,500-megawatt (MW) total […]
Thailand’s Constant Energy raises $15m as loan from GCPF
Thailand’s independent power producer (IPP) Constant Energy has raised $15 million as a long-term senior secured loan from Switzerland-based investment firm Global Climate Partnership Fund (GCPF), according to a statement. Constant Energy develops, builds and owns solar rooftop and ground-mounted projects focused on delivering energy solutions to commercial and industrial (C&I) customers. Following the long-term […]
The Philippines: A Good Time to Expand the Infrastructure Push
Structural economic reforms, along with sound macroeconomic policies, helped the Philippine economy to grow, on average, by 6.3 percent annually over the last decade. But sustaining and sharing the benefits of this growth among its citizens will require policymakers to focus their attention on issues such as costly geographical barriers to trade, high levels of […]
OCBC, UOB provide US$44m green loan to Myanmar conglomerate
THE Yangon branches of OCBC Bank and United Overseas Bank (UOB) have extended a US$44 million green loan to Myanmar’s Shwe Taung Group. Close to US$30 million of the loan came from OCBC, while UOB provided the balance, according to a joint statement by OCBC and Shwe Taung on Wednesday. The Myanmar conglomerate’s subsidiary, City Square Commercial […]
France keen to invest more in Myanmar, says official
After a pause of eight years, France is going to expand existing investments and make new ones in Myanmar, a senior official of the Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) has revealed. “They have trust in Myanmar. As French organisations have learnt there are many prospects here, they are coming to invest […]
