Italian-Thai Development Plc will initially require an investment of about Bt240 billion to develop the infrastructure in Dawei, a designated industrial zone in Burma that covers about 200,000 rai. Somjet Tinnapong, managing director of Dawei Development Co Ltd – a subsidiary established to handle the development, said in an interview to Krungthep Turakij that the […]
Continue ReadingThe Electricity Generating Authority of Thailand (Egat) is proceeding with its 40-billion-baht expansion plan aimed at securing Thailand’s power supply. Governor Sutat Patmasiriwat said the state utility would build the plants on the premises of its existing power plants at Chana (Chana Unit 2) in Songkhla province and Wang Noi in Ayutthaya. The two plants […]
Continue ReadingLeading Phuket businessman Kanit Yongsakul has opened a second marina; this one in Krabi. With 80 berths, a hard stand for a hundred craft, and six premium covered slots, the Krabi Boat Lagoon is fifteen minutes from the international airport. A soft opening has been held with 22 yachts from Singapore and Malaysia making the […]
Continue ReadingMitsubishi Electric Corporation (tokyo:6503) announced that it will globally launch a new series of state-of-the-art elevators this month to strengthen its overseas elevator business. The company will also strengthen its global supply of parts and engineering services through the establishment of a parts-supply and engineering company in Thailand. Mitsubishi Electric’s new, machine-room less NEXIEZ-MRL elevator […]
Continue ReadingParkson Holdings Bhd, which last month made a S$138 million initial public offering (IPO) of its Southeast Asian unit in Singapore, is looking to expand its footprint into the Philippines, Thailand and Myanmar through acquisitions or greenfield projects as part of its plans to become one of the region’s largest department store chains. Parkson Holdings […]
Continue ReadingItalian-Thai Development Pcl, Thailand’s largest construction firm, said on Monday it expected to reach a conclusion in 2012 on how it would finance the Dawei deep sea port and infrastructure projects in Myanmar. Loss-making Italian-Thai has no plan to raise funds via an equity issue, but it planed to convert some land into capital and […]
Continue ReadingKorea Midland Power Co (Komipo) is making inroads in Thailand by forming a business alliance with SET-listed contractor Toyo-Thai Corp (TTCL) and acquiring a stake in small power producer Navanakorn Electric Co. Under a memorandum of understanding signed yesterday by Komipo, TTCL and Navanakorn Land (NLD), the alliance will explore business opportunities in power-related projects […]
Continue ReadingNatural Energy Development Company Limited (NED) is pleased to announce that Loburi Solar, a 73MW (DC) / 55MW (AC) solar farm, has successfully commenced commercial operation. Currently the world`s largest operating thin-film silicon solar energy project, the plant is the first solar energy project to have achieved Commercial Operation Date (COD) under the Small Power […]
Continue ReadingThai Tap Water Supply Plc (TTW), the country’s largest private tap-water supplier, will aggressively expand into the energy business, aiming at income from power to account for 35% within five years. As the market for water supply in Thailand grows saturated, TTW will begin booking revenue from power investments from the first quarter of next […]
Continue ReadingNEC Corporation (NEC; TSE6701) announced the signing of a multi-million dollar supply contract with the global consortium of communications companies, including NTT Communications, KT, Chunghwa Telecom, and others, to construct the Asia Pacific Gateway (APG) system, a high-bandwidth optical submarine cable system that will link 9 countries and territories in Asia. The signing took place […]
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