Underwriter GCube is providing political risk insurance for renewable energy projects in response to a rising number of client enquiries. The company is seeking, in particular, to target developing markets in Latin America, Africa, Asia Pacific and Central Asia. “In these markets, companies and lenders are widely recognised to be at heightened risk of losses arising from actions taken by host governments, i ...

Electricity of Vietnam (EVN) and Japanese contractor Marubeni Corporation has broken ground on a US$1.27 billion thermal power station in the northern province of Thai Binh. The project in the province’s Thai Thuy District is 85-percent funded by Japan International Cooperation Agency official development assistance (ODA) and the rest is funded by EVN. The station included two plants to supply a total capac ...

The Electricity Generating Authority of Thailand (Egat) has set new roles for its subsidiaries for overseas business expansion. According to Egat governor Soonchai Kumnoonsate, the Ratchaburi Electricity Generating Holding Plc (Ratch) will be mainly responsible for investment in the development of power plants in Myanmar’s Salween River. Ecgo group will focus on the plans to establish a coal-fired power pla ...

Amata B Grimm Power, one the largest small power producers (SPPs) in the country, has inaugurated two co-generation combined-cycle plants, Amata B Grimm Power (Rayong) 1 and 2. With a total investment value of Bt10 billion, the power plants have a combined generating capacity of 246 megawatts, of which 180MW is supplied to the Electricity Generating Authority of Thailand (Egat) under a 25-year SPP power pur ...

 AVEVA announced today that NGLTech Sdn Bhd. (NGLTech) has chosen AVEVA Everything3D (AVEVA E3D) as its first and primary 3D design tool. NGLTech is a technology development and licensing company focusing on developing innovative solutions for the improvement and enhancement of processes in upstream oil & gas. The advanced functionalities of the new AVEVA design software will play a strategic role in th ...

-Demonstrating the growth potential for its new Distributed Power business, GE (NYSE: GE) today announced it is nearly finished supplying Navigat Energy Pte Ltd. with 100 gas engines for on-site power projects throughout Southeast Asia. The 100 natural gas and ecomagination qualified biogas gas engines will be installed at various sites in Indonesia and Thailand and produce a total of 330 megawatts (MW) of ...

APR Energy announces landmark power contract win in Myanmar First power generation agreement signed by a U.S.-based company with government of Myanmar since lifting of sanctions in 2013 Jacksonville, Fla., USA - APR Energy, a global leader in fast-track power solutions, today announces the signing of a large-scale, turnkey power contract in Myanmar. The facility will provide the Myanmar Electric Power Enter ...

The withdrawal, a part of its master restructuring plan, will ensure that EVN concentrates on its core business of power production and trading to better serve society and the economy. The targeted companies include An Binh Bank (ABBank), An Binh Securities (ABS), Global Insurance Corporation (GIC), and Saigon Vina Real Estate Company (Land Saigon). The Central Power Real Estate Joint Stock Company (Land Mi ...

The Asian Development Bank says it will spend around $438 million over the next three years on improving transport in the Pacific region. Transport routes from the Pacific to overseas markets are among the world's longest. Its 2013 Pacific Transport Update, released on Monday, says transport investment will be crucial in meeting the development challenges of the Pacific. Robert Guild, director of Pacific Tr ...

A subsidiary of Singapore-based Navigat Group said on Monday it had begun supplying power under a purchasing agreement that will be the template for future deals by Myanmar, which has one of the lowest electrification rates in Asia. MAXpower (Thaketa) Co Ltd said it spent $35 million building a 50MW gas-fired plant in a suburb of the main city, Yangon, becoming the first entirely foreign-owned company to en ...