Laos News
Egco Group Plc, the country’s second-largest private power producer, plans to spend seven billion baht this year to expand capacity in keeping with demand growth. President Vinit Tangnoi said the major investments included US$215 million to double Egco’s stake in a Philippine venture, and one billion baht to expand solar power production from 73 megawatts […]
Continue ReadingLoxley Plc, one of Thailand’s largest trading conglomerates, has expanded into the renewable energy business by investing in solar farm projects in Thailand and exploring opportunities in neighbouring countries. Piboon Piboontum, vice-president for financial management, said Loxley’s joint venture was building an 8.7-megawatt solar farm on 215 rai of land in Prachin Buri at a […]
Continue Reading
Lao officials say a Chinese rail scandal will not end plans for a high-speed railway. The proposed railway will connect China’s Yunnan province to the Lao capital Vientiane. An ongoing corruption scandal in China is unlikely to derail plans to build a high-speed train route in Laos, despite the need for Chinese funding and expertise […]
Continue ReadingMove comes as Korn takes another step to balance the 2016 budget Another piece has been placed in the jigsaw to help the government achieve a balanced budget in 2016, with Cabinet’s approval yesterday for the Finance Ministry to divest its stakes in over 60 non-listed private companies – including Boon Rawd Brewery and Bangkok […]
Continue ReadingSET-listed Loxley Plc, one of Thailand’s oldest and biggest trading conglomerates, is making its return to Burma after an absence of several years by studying the opportunities to invest in the massive Dawei development project. Jingjai Hanchanlash, an adviser to the company, said a team would visit Burma next month to look at project feasibility […]
Continue ReadingMitr Phol, Asia’s largest sugar producer, will invest 3.7 billion baht in its new renewable energy projects in Thailand and expand the group’s power business to neighbouring countries, starting with a biomass plant China. The group has also targeted development of other types of power plants including solar and co-generation, said Suwat Kamolpanus, managing director […]
Continue ReadingElectricity costs could rise this year because of temporary stoppages in natural-gas supply from the Gulf of Thailand and Burma, which will force the Electricity Generating Authority of Thailand to resort to the more expensive alternative of bunker oil. Egat estimates it will need 216 million litres of bunker oil this year to replace natural […]
Continue ReadingThird Thai-Lao bridge set for November opening The third Thai-Lao bridge spanning the Mekong River was scheduled to open in November, offering a new transport link between Thailand and Vietnam, media reports said Tuesday. Construction on the 780-metre bridge between Nakhon Phanom province of Thailand and Khammuane province of Laos is 73-per-cent complete and would […]
Continue Reading
Hydropower might help the region but risks loss of biodiversity and a way of life The sleepy Lao village of Ban Hat exists today much as it has for decades. Village children dart amongst their families’ fishing boats, laughing as they splash one another with the muddy water of the Mekong River. Life is defined […]
Continue ReadingCSR Corporation denied rumors of its merger with China CNR Corporation , reports dfdaily.com, citing a filing by CSR Corporation. According to Financial Times, the merger may lead to the creation of a monopoly controlling 90 percent of the domestic rail road equipment manufacturing market with sales revenue exceeding those of Bombardier, Alstom, and Siemens. […]
Continue Reading