Laos News
The governor of the Electricity Generating Authority of Thailand yesterday said he hoped plans for the Dawei power-generation plant, which had been submitted to the Myanmar government, would be approved in time for construction of the 1,800-megawatt coal-fired facility to commence by year-end. Sutat Patmasiriwat said the Thai government had submitted the plans for the […]
Continue ReadingEnergy Minister Pongsak Ruktapongpisal believes the government’s Bt2-trillion infrastructure mega-projects, which will support future growth of communities and cities along the new high-speed-rail route, will push up demand for electricity substantially. The Energy Ministry is drafting an electricity-generation development plan from now to 2030 that will differ from the Power Development Plan 2010 as the […]
Continue ReadingSteel girders jut from the low skyline of the Thai city of Udon Thani near the Laos border as workers lay cement for a new shopping mall, one of many illustrating a boom in the Thai economy beyond the bright lights of Bangkok. The malls, factories and construction sites in Thailand’s northeast are emerging alongside […]
Continue ReadingMajor trading house Marubeni Corp. announced June 14 that it will work with a Thai company to develop new independent power producer (IPP) projects in Thailand and neighboring countries such as Laos, Myanmar and Cambodia. Marubeni executed a memorandum of understanding on June 13 with Global Power Synergy Co., a subsidiary of PTT Public Co., […]
Continue ReadingIn a few months, impoverished Myanmar plans to start pumping roughly $45 million worth of oil and gas a day from the Bay of Bengal to China by pipeline. The vital fuel for China’s growing economy will bypass the Malacca Straits and U.S. ally Singapore. It will mostly also bypass Myanmar. Though rich in natural […]
Continue ReadingLaos is set to formally launch construction of an ambitious high-speed railway linking the country’s western border with Thailand to Vietnam in August, an official said Thursday, following the completion of a feasibility study by a Malaysian company that will construct and operate the project. A groundbreaking ceremony for the railway will be held in […]
Continue ReadingThe Mass Rapid Transit Authority of Thailand (MRTA) plans to connect Bangkok’s Airport Rail Link with other regional rail routes to link up with neighbouring countries. Citing a study by German engineering giant Siemens, MRTA governor Yongsit Rojsrikul said the Airport Rail Link system has the potential to connect with the existing network that links […]
Continue ReadingThe Electricity Generating Authority of Thailand (Egat) is pushing forward its 303-billion-baht budget for building power facilities between now and 2017. Egat governor Sutat Patmasiriwat said funding will come from various sources including bonds and bank loans, as Egat’s debt-to-equity ratio is only 0.5 times. “We expect to use our operating cash and accumulated profit […]
Continue ReadingBig roles for MRTA, SRT in expansion drive The Mass Rapid Transit Authority of Thailand (MRTA) and State Railway of Thailand (SRT) are tasked with implementing multiple rail and mass-transit projects under the Bt2-trillion state borrowing programme. The government is awaiting parliamentary approval for its proposed legislation to borrow the massive amount. According to Yongsit […]
Continue ReadingBurasari Group, the operator of Burasari hotels and resorts, is looking for business opportunities in Asia to build up its hotel chain and increase its international profile. It is interested in Sri Lanka and Asean countries, including Myanmar. However, its expansion plan will go step by step to secure its investment. In Asean, the investment climate […]
Continue Reading