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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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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