Energy
Electricity production
Vietnamese environment group voices concerns over Mekong dam
An environmental watchdog based in Vietnam is asking the Laos government to reconsider the construction of a controversial hydropower plant along the Mekong River. The non-governmental organisation Vietnam River Network issued a press release on 18 September stating that the Don Sahong project, the second largest ...
World Bank approves $400m electrification loan
The World Bank approved a US$400 million interest-free loan to provide financing and technical assistance to help bring electricity to more than 6.2 million people in Myanmar, the bank announced on 17 September. The loan will support Myanmar’s National Electrification Plan and was granted by the ...
Floods wreak havoc in Kampot
Residents of Kampot province continued to feel the devastating effects of widespread flooding in the area caused by the opening of the Kamchay Hydropower Dam, which has left thousands temporarily homeless and crippled local businesses. Keo Vy, spokesman of the National Committee for Disaster Management, said ...
Hundreds flee homes after dam gates opened
More than 500 homes were flooded in Kampot province’s Toek Chhou district on 16 September morning after the gates of the Kamchay Hydropower Dam were opened, according to officials, with the chiefs of two of three affected communes saying they were given little or no advance ...
World Bank offers funds for Myanmar's national power plan
The World Bank approved an interest-free loan to Myanmar of US$400 million on 16 September to aid the country’s ambitious National Electrification Plan and its goal of ensuring nationwide access to electricity by 2030. In a statement issued on Wednesday, the Bank said the loan would assist expansion ...
Mega First shares jump 9.22% on news of Laos power plant
Shares in Mega First Corp Bhd soared 19 sen or 9.22% to as high as RM2.25 on 17 September on news that it has secured a power plant project in Laos worth RM2.15 billion. At 2.53pm, Mega First narrowed its gains to trade at RM2.22, still up 16 ...
Mekong river ecosystem at risk over dam construction in Laos
The construction of a dam in Laos is endangering the ecosystem of the Mekong river, one of the world’s largest rivers running a length of 5,000 km (3,107 miles) and a source of life and livelihood for millions living along its banks. The dam threatens the ...
Mega First gets hydropower concession in Laos
Power and quarry player Mega First Corp Bhd said an 80%-owned unit has secured a 25-year hydropower concession in Laos. The 260MW run-of-river project will cost the firm about US$500mil (RM2.15bil) and the company planned to fund it using internally generated funds and long-term debt. Keep reading ...
Flooding from dam washes out homes, rice fields in southern Cambodia
Local government officials in a southern Cambodian province failed to evacuate villagers in time to prevent their homes and rice fields from flooding after the operators of a Chinese-built hydropower dam informed them a day earlier that they would open the facility’s gates to release ...
Tevin bemoans low Thai competitiveness
Tevin Vongvanich, the new president and chief executive of PTT Plc, has vowed to make the national oil and gas firm a key player in improving Thailand’s competitiveness. “We drove our economy without creating any innovation or productivity improvement for a long time, while other emerging countries ...
