Glow plans to spend B4bn on British firm's assets

SET-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 […]

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Glow plans to spend B4bn on British firm’s assets

SET-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 […]

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Bangkok-Nong Khai high-speed train project to be completed late 2015

Bangkok-Nong Khai high-speed train project to be completed late 2015 A high-speed train project, a planned joint investment project between Thailand and China, which will link between the Thai capital and Nong Khai province bordering Laos is expected to be completed in late 2015, said Supoj Saplom, permanent secretary for Thai Transport Ministry. Mr Supoj […]

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High-speed rail between Yunnan and Myanmar on agenda

Construction of a high-speed rail link between Yunnan province and neighboring Myanmar, part of a project to upgrade transport connections with Southeast Asian nations, will start in about two months, a top rail expert said. The line, from Kunming, capital of Yunnan province, to Yangon, Myanmar‘s largest city, will be 1,920 kilometers long, said Wang […]

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China, Myanmar, Thailand to study 7,000-MW hydro project

China, Myanmar and Thailand have agreed to study a 7,000-MW Myanmar hydropower project that would be Southeast Asia‘s largest by generation capacity, the Chinese government and wire services reported. The $10 billion project would be built on the Salween River in Myanmar over 15 years, China‘s State-owned Assets Supervision and Administration Commission said in a […]

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Thai engineering giant signs Tavoy port deal

The largest civil construction company in Thailand, Italian-Thai Development, has signed a contract worth US$8 billion for an infrastructure project in Tavoy in Burma’s Tenasserim Division, the Bangkok Post reports. The Tavoy (Dawei) development project on Burma’s east coast to be built would include a deep-sea port with shipbuilding and maintenance facilities, a petrochemical industrial […]

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Ital-Thai looking for partners

By Yuthana Praiwan, Bangkok Post, Thailand Italian-Thai Development Plc, Thailand‘s largest construction company, will seek strategic partners to co-develop its 75-year landlease development project worth US$58 billion in Dawei, Burma. Chairman Premchai Karnasuta said more than 20 investors have been approached to become the project’s strategic partners and they would co-invest in the first phase […]

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