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Thai power producer RATCH to invest $1b in overseas plants in Indonesia, Laos, China

By Nantiya Tangwisutijit

Thailand’s listed power producer Ratchaburi Electricity Generating Holding PCL (RATCH) plans to invest around $1 billion in power plants in Indonesia, Laos and China, a top official with the company said.

The company expects its aggressive investment to double its electricity production capacity to 8,000 megawatts, increasing its enterprise value from the current level of 124 billion baht to 188 billion baht by 2018.

Rum Herabat, the newly-appointed chief executive officer, said the company is looking at three main approaches to increase business. These include – exploring new investments, managing efficiency of main power plants and completing construction of new power plants as planned.

The potential projects, for which the company is conducting feasibility studies and negotiation include, 2,000-MW JAWA7 in Indonesia, 400-MW Sekong 4 hydropower project in Lao PDR, seven solar farms projects for the public sector in Thailand (with a combined capacity of 35 MW) and 2,000-MW power plant project in China.

China poised to speed up nuclear power investment

By Nantiya Tangwisutijit

The development of nuclear power in China is set to gain momentum in the next five years as the country prepares to inject hundreds of billions of yuan into building nuclear plants. More than 100 nuclear power plants will be put into operation by 2020, with a nationwide capacity tripling that of 2014 to reach 58 million kilowatts, the China Times reported, citing a draft for the 13th Five-Year Plan (2016-20).

According to the document, the government is expected to invest about 500 billion yuan (S$109 billion) to build six to eight new plants annually during the period.

China’s transport infrastructure initiative to have bad impact on Vietnam’s plan: expert

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China’s transport infrastructure initiative, including the establishment of the Asian Infrastructure Investment Bank (AIIB) and other related proposals, will pose a threat to Vietnam’s infrastructure development plan in the near future, an expert from the Vietnam Institute for Economic Research and Policy (VEPR) said at a seminar on the Chinese economy in Ho Chi Minh City last week.

China-built dam in Cambodia set to destroy livelihoods of 45,000

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The thump of jackhammers and the whine of drills pierce the air, workmen in orange safety hats beaver away and a massive concrete wall rises slowly above the river. Here, in lush northeastern Cambodia, the US$800 million Lower Sesan 2 Dam stands as a potent symbol of China’s growing reach, and Beijing’s ambitious plans to expand its influence across Asia by building desperately needed infrastructure.

China’s demand for aluminium is poisoning Southeast Asia

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Soaring Chinese demand for natural resources is wreaking environmental havoc throughout Southeast Asia. Driven by its internal needs to provide breakneck rates of job creation and economic growth, China’s developmental model has repeatedly abused the fickle regulatory environment of its neighbors to drive its thirst for commodities. It has made it clear that, whoever can provide, it will buy. At the behest of Chinese companies, countries such as Vietnam and Malaysia have rolled out the red carpet, with little regard for their fragile ecosystems.