Energy

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 ...

Villagers in Thailand who claim illness, crop damage from gas drilling see complaints ignored

More than 100 students and villagers crowded into a northeast Thailand college forum to hear about American gas companies conducting drilling operations in their region. A lieutenant colonel and dozens of soldiers and police officers followed them in. The armed police began photographing members of the ...

Vietnam's oil exploitation output likely to increase by 4.6% this year

According to the Ministry of Planning and Investment, Vietnam`s crude oil exploitation output in 2015 is estimated to reach 17.58 million tonnes, rising 4.6% from the annual target of the government.   The ministry also made a forecast that the crude oil output in 2016 would decline ...

Dam threat to Mekong River’s last few dolphins

The fate of the last surviving Irrawaddy river dolphins on the Laos-Cambodian border hangs in the balance after a Laos government official was reported as saying this week that construction of the dam would begin by the end of the year.Keep reading ...

NGOs, Cambodia voice alarm at Lao decision to proceed with Don Sahong Dam

Cambodian officials vowed on 11 September to prevent neighbor Laos from going ahead with construction of the controversial Don Sahong dam without approval from fellow Mekong River basin countries that would be affected by the project. The Phnom Penh officials, as well as local and international non-governmental ...

Environment experts discuss dam dangers

Thirty-five experts from environmental organisations in Cambodia, Laos and Vietnam gathered on 8 September to discuss water management and the effects of hydropower dams. They participated in a one-day seminar held in Vietnam’s Dong Thap Province in the Mekong Delta and discussed the impacts that dams ...

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