Trans-Asia Oil and Energy Development Corp., a unit of the Phinma Group, said it decided to surrender to the Energy Department the entire contract area of a 10-megawatt hydropower project in Buguias, Benguet. Trans-Asia said in a disclosure to the stock exchange it decided to surrender hydro service contract 2104-06-466 effective Feb. 13. “It’s not feasible,” Trans-Asia president Francisco Viray said, when ...

Burma, or Myanmar, has recently become a lucrative destination for foreign investors, ever since the election a couple of years ago. For the hydropower industry, the natural resource rich country of Burma is among the last targets with high potential. A few weeks ago, the World Bank Group organized a Workshop on Sustainable Hydropower and Regional Cooperation in Nay Pyi Taw, with some 200 participants from ...

The proposal was made at a meeting of the Mekong River Commission (MRC) Joint Committee in the Laotian capital of Vientiane last week to review the six-month consultation which ended over a week ago on risks and benefits of damming. The previous national and regional consultation processes showed that the information provided by the project investor lacks statistics and measures to minimize the negative imp ...

Nepal is being urged to tap its hydropower potential to solve the nation’s energy crisis. The World Bank said it is a “core task” for the country, which still faces power cuts of at least eight hours a day. It will also help in boosting public income through electricity trade with neighbouring India, it added. During a three-day official visit to Nepal, Annette Dixon, the Bank’s Vice President for South Asi ...

MOSCOW — Oleg Deripaska, who became a billionaire selling Russia's natural resources, plans to use Siberia's abundant hydropower to create a string of data centers that could transform the region into a technology powerhouse. With energy accounting for almost a third of operating costs for these centers, Deripaska aims to leverage low power rates at a time when a new law pushed by Russian President Vladimir ...

Cambodia's biggest hydropower dam began operating Monday as Prime Minister Hun Sen inaugurated the Chinese-built project to help supply electricity for underserved villages and factories. He was joined by the Chinese ambassador at the official opening of the 338-megawatt Russei Chrum Krom hydropower project, which took almost five years to build at a cost of about $500 million. The project in southwestern K ...

Construction will begin on 22 new hydroelectric projects on Mindano Island this year after the Filipino Department of Energy (DOE) announced it awarded pre-development and development contracts to nine organizations on Jan. 2. Published reports indicate the projects, in the Davao Region, have a combined potential capacity of 256.35 MW. Neither the total financial outlay for the projects nor a final completi ...

The Iranian Energy Ministry announced that the country's hydroelectric power plants have generated over 11.5 million mw since March showing nearly 1.9 per cent of growth in comparison with the same period last year. Iran has increased the output capacity of its hydroelectric power plants by 1.9 per cent since the beginning of current Iranian calendar year (March 21), Fars news agency reported. Hydroelectric ...

The Russian Direct Investment Fund will team up with an Indian partner to invest $1 billion in hydroelectric projects in Asia's third-largest economy, the head of the Russian state fund said on Wednesday. The RDIF and India's IDFC, a leading infrastructure investor, will each commit $500 million to projects under a deal to be signed on Thursday during Russian President Vladimir Putin's visit to India. Prime ...

Tikuepor, an ethnic Karen from eastern Myanmar living on the Thai side of the Salween River, is one of thousands of people worried about losing everything if a multinational hydropower project goes ahead in this sensitive border area. A senior commander of the Karen National Liberation Army (KNLA), which claims to control land in Myanmar affected by the project, says the Myanmar military has moved more troo ...