Building of the US$491 million Cua Lo deep water port in central Nghe An Province started yesterday. The first phase, of the three-phase project in Nghi Thiet Commune, the Nghi Loc District, will include a wharf for 30,000-tonne vessels and another for 50,000-tonne vessels. The work is scheduled for completion in 2015. Four wharves for […]
Continue ReadingThailand‘s Ministry of Finance expects to submit a draft amendment for the Private Participation Act by April next year in an effort to encourage greater private-sector involvement in the government’s multi-billion baht infrastructure projects. Current regulations under the Private Participation Act (1992) proving to be obstacles in attracting private-sector interest are being revised and a […]
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William Wilfong is to step down at Chief Executive Officer of Thai listed developer Golden Land at the end of the year. In an email to colleagues sent earlier today he wrote: “It has certainly been a wild ride here in Bangkok over the past five years, but I am very proud of what we […]
Continue ReadingCabinet to look into details early next year The Energy Ministry is preparing to submit its nuclear power feasibility study to the government early next year, according to the Nuclear Power Programme Development Office (NPPDO). The power development plan (PDP) for 2010-30 calls for as many as five nuclear power plants with a capacity of […]
Continue ReadingPTT Aromatics and Refining (PTTAR) is studying a feasibility to invest in its first olefins cracker worth more than US$1 billion in order to develop benzene – the feedstock for derivatives production which should increase the future revenue. President and CEO Bowon Vongsinudom yesterday said the study would be concluded by mid of next year […]
Continue ReadingThe Electricity Generating Authority of Thailand (Egat) has added 30 billion baht to its five-year investment plan for a total of 70 billion. The move is a bid to prevent the country’s power reserves from falling below the critical level of 10% by 2014. Sutat Patmasiriwat, Egat’s governor, said 20 billion baht will be spent […]
Continue ReadingTwo preliminary sites for steel smelting plants have been identified after a long delay due to the political turmoil, the Iron and Steel Institute of Thailand has announced. They are Songkhla’s Ranot district and Chanthaburi’s Laem Sing district, according to a feasibility study on areas for construction of the national upstream steel project conducted by […]
Continue ReadingSET-listed Glow Energy expects to invest about 4 billion baht to acquire assets of England-based Independent Power (IP) in Thailand and up to US$200 million to build a new 120-megawatt unit near its Huay Ho hydroelectric plant in Laos. Chief financial officer Suthiwong Kongsiri said Paris-based GDF Suez, which holds 69% of Glow, has considered […]
Continue ReadingSET-listed Glow Energy expects to invest about 4 billion baht to acquire assets of England-based Independent Power (IP) in Thailand and up to US$200 million to build a new 120-megawatt unit near its Huay Ho hydroelectric plant in Laos. Chief financial officer Suthiwong Kongsiri said Paris-based GDF Suez, which holds 69% of Glow, has considered […]
Continue ReadingBangkok Metro Plc has decided to put in a bid to run a section of the new Purple Line subway. The company believes its experience in operating the existing MRT service and its attractive bid would enable it to win the contract. BMCL managing director Sombat Kitjalaksana said the result of the tender, to be […]
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