Chinese investment in Laos’ energy sector tops 15 billion USD
Vientiane (VNA) – Laos is among 15 countries worldwide receiving the biggest investment from China in the energy sector, Vientiane Times on October 15 quoted a World Bank report as saying. By 2017, China’s investment in the field in Laos hit 15 billion USD and is expected to continue rising in the years to come, […]
DoE reviews several major energy projects
The Department of Energy is evaluating several large-scale power projects that could receiver a certificate of energy project of national significance under Executive Order 30 that streamlines the procedures for major projects. The big ticket projects include the Wawa Pumped-Storage hydro project of Olympia Violago Water & Power Inc.; 500-megawatt Kibungan Badeo Pumped Storage Hydro […]
Philippines to suspend oil tax hike to cool red hot inflation
MANILA, Oct 14 (Reuters) – The Philippines said on Sunday it would suspend the implementation of a further increase in excise tax on fuel products, set to take effect in January 2019, to stem rising inflation expectations. Inflation in one of Asia’s fastest-growing economies has been rising since January, due to higher taxes, costlier food […]
Khon Kaen takes lead in Thailand’s race to smarten up
Khon Kaen has been chosen to be the government’s model smart city for other provinces to learn from. Last Saturday, Khon Kaen hosted the Smart City Expo 2018, an event designed to showcase a variety of projects aimed at achieving the goal. Known as the centre of the Northeastern Region, Khon Kaen — the 9th […]
Bandung regional government wishes ownership position in geothermal development
The regional government of Bandung in Indonesia has raised the wish to receive an ownership position in geothermal development companies working on project in the region. The Government of the Bandung Regency in Indonesia has raised the wish to receive shared ownership in geothermal or geothermal exploitation companies. Bandung Regent Dadang M. Naser said, in accordance with the […]
Foreign investors see more chance to step in Vietnam’s oil refinery
The recent withdrawal of Vietnamese groups from billion-dollar oil refinery projects is paving the way for potential foreign investors, especially those from Thailand and China, to jump in the industry. At a recent meeting with government agencies, Pham Van Thanh, chairman of the Vietnam National Petroleum Group (Petrolimex), proposed to pull out from the South […]
Bentley’s BIM solutions ‘boon to substation projects’
Bentley Systems, a leading provider of advancing infrastructure solutions, said greenfield and brownfield substation projects can reap design collaboration and construction benefits from the building information modelling (BIM) and realty modelling. Whether designing greenfield substation projects from the ground up or performing brownfield design associated with existing substation infrastructure, intelligent 3D substation design employing BIM […]
Brunei Darussalam’s growth momentum expected to continue in 2018: IMF
Real GDP in 2017 was stronger than expected, rebounding to 1.3 per cent supported by both the O&G and non-O&G sectors. On September 17, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Brunei Darussalam. Brunei Darussalam’s economy has been adjusting well to lower oil prices since 2014, […]
Gov’t Unwilling to Intervene as Fuel Oil Prices Rise
NAYPYITAW—The government cannot control the fuel oil price, which is determined by market forces and the law of supply and demand, Ministry of Electricity and Energy managing director U Thant Sin said. At a press conference on Thursday, the managing director said fuel oil prices were unlikely to come down any time soon due to […]
Sembcorp’s Myingyan power plant begins full operations
Sembcorp Industries’ US$300 million gas-fired power plant in Myingyan, Mandalay commenced full commercial operations on Wednesday following its first phase of operations in May. The 225-megawatt Sembcorp Myingyan Independent Power Plant (IPP) is one of the largest power plants of its kind in the country and also among the most efficient, Dennis Foo, managing director […]