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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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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Shangri-La hotels looks for expansion in Thailand

If some Bangkok hotels like to display ostentatious luxury, the Shangri-La hotel in Bangkok has systematically adopted the contrary approach. Since its opening, the hotel has built its reputation on its sense of discreet luxury. Over the last two years, Shangri-La Bangkok has embarked on one of its most extensive renovations, transforming completely all the […]

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Rolls-Royce aims to win Bt3 billion in SPP orders

Rolls-Royce expects to win contracts to supply generators to four or five SPP (small power producer) projects in Thailand over the next five years, at a combined value of US$100 million, or nearly Bt3 billion. “Thailand is now the most active market in Asean for sales of Rolls-Royce power-generation solutions,” said Mahendra Singh Chauhan, senior […]

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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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Special Report: Bangkok Airport Railway Link

Airport Railway Link’s new route, or phase 2, is under construction even though its date of completion has yet to be finalized. The new route is expected to help promote Thailand as an aviation hub in the Southeast Asian Region. On August 23, 2010, Thailand’s long-awaited project has finally opened its door to the public. […]

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