Cambodian Growth Prospects Are Firming Up As Energy Needs Increase

Cambodian Growth Prospects Are Firming Up As Energy Needs Increase

Last month the Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia. According to the ADB, Cambodian Gross Domestic Product (GDP) is expected to rise 7.2% in 2013 and up to 7.5% in 2014. The special trade preference scheme in conjunction with the European Union importing products from Cambodia duty-free and quota-free, can partly explain this positive outlook. Although the Garment industry accounted for nearly 90% of Cambodian exports in 2011, it is no longer the only industry to support Cambodian exports.

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The Blue Circle: The Next Generation of Renewable Energy Producers

The Blue Circle: The Next Generation of Renewable Energy Producers

 

French leading Renewable Entrepreneur Olivier Duguet is teaming with Southeast Asia Alternative Energy Specialist Jeff Peron to launch The Blue Circle. Headquartered in Singapore, with presence in Ho Chi Minh City and Phnom Penh, the new company aims at becoming a leading Independent Power Producer in the Greater Mekong River region. The Blue Circle is targeting to develop and invest in renewable energy projects in Vietnam, Cambodia, Laos, Thailand and Myanmar.

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Thailand’s solar tender attracts only 83 MW

(SeeNews) - Oct 21, 2013 - Thailand has received bids for the construction of 83 MW of rooftop solar plants as part of a tender for 200 MW of capacity, the Bangkok Post said Monday, citing the country’s Energy Regulatory Commission (ERC).

Between September 23 and October 14 ERC received 564 applications for power generation licences in the first round of Thailand’s solar rooftop programme, according to the regulator. Last week, ERC extended the bidding period by one month to November 15 in order to give households more time to consider going solar.

The newspaper cited ERC's secretary-general Kawin Thangsupanich as saying that as many as 291 of the received proposals were filed with the Provincial Electricity Authority (PEA), including 225 from the household segment, seeking approval for less than 2 MW of projects. In addition 66 applications for 43.67 MW were filed for commercial solar schemes. The Metropolitan Electricity Authority (MEA) got 270 applications -- 160 in the below-2-MW segment and 113 for a total of 39.34 MW of commercial solar capacity.

The ERC intends to award licences of 100 MW for the household and 100 MW for the commercial segment. 

Under the rooftop solar programme, residential solar projects will get an incentive of THB 6.96 (USD 0.22/EUR 0.16), while small commercial installations will receive THB 6.55. Commercial projects for medium-to-large buildings will get THB 6.16.

 

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Vietnamese project gets higher tariff than regulated FiT

Vietnamese project gets higher tariff than regulated FiT

The domestically-owned Cong Ly Company has received support from the Ministry of Industry and Trade to sell electricity from its Bac Lieu wind power project at a price higher than regulated by the government.

The Ministry of Industry and Trade (MoIT), in a document sent to the prime minister late July which has been seen by VIR, proposed that the power tariff at the Bac Lieu project should be set at 11.5 US cents for 1 kilowatt per hour during the first ten years and 9.8 US cents during the four following years. From the fifteenth year of the project, the power tariff should be at 6.8 US cents.

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China Guodian Corp. eyes wind as next step abroad

China Guodian Corp. eyes wind as next step abroad

China Guodian Corp, one of China's five largest power generators by sales, is stepping up to enter the wind power industry abroad as its main measure to accelerate the internationalization process.

A 100 megawatt wind power project by Guodian is to start construction in Canada's Ontario this month and will be put into operation in 2014, the State-owned power producer told China Daily.

In 2011 Guodian spent C$250 million ($239.5 million) on acquiring the wind power project of Canada's Farm Owned Power (Melancthon) Ltd, making it the first State-owned power company in China to invest in the new energy sector abroad.

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