A proposed multibillion-dollar project to be implemented on the Hong (Red), a river crucial to the eco-social development of northern Vietnam that runs through nearly ten provinces, is also meant to connect local water transportation routes with China, fueling concerns over its feasibility and environmental impacts.
Tag: investment
Japan pledges Bt245 bn for Mekong connectivity
Japan yesterday launched the Japan-Mekong Connectivity Initiative, pledging 750 billion yen (Bt245 billion) for the development of linkages in the region for the next three years while hoping Thailand would be able to restore political stability quickly enough to become a leading partner for the scheme.
Japanese Foreign Minister Fumio Kishida, who concluded his two-day visit to Thailand yesterday, announced the initiative during his policy speech at Chulalongkorn University to “set the tone” of Japanese presence in the region.
Connectivity is a key for regional integration, he said.
Are mega dams a solution or burden to climate change?
As the world rushes into implementing the commitments enshrined in the historic climate deal in Paris in December, the use of large dams to mitigate climate change is becoming more popular across Asia and the world. But for many environmental and social advocates, this source of water and power remains a questionable solution that may even exacerbate our already fragile river resources. Eco-Business takes a look into the debate surrounding mega dams.
Dawei residents protest against $3 billion oil refinery
A collection of civil society groups in the southern city of Dawei has begun to actively protest a Chinese-led US$3 billion proposal to build Myanmar’s largest oil refinery on their doorstep.
Local businesses, civil society organisations and villagers are circulating a petition calling for the new National League for Democracy-led government to reconsider the project – which received approval on the last full day of former president U Thein Sein’s administration.
Local residents were hardly involved in the approval process, according to the appeal, which suggests the environmental effects of the 100,000-barrels-per-day project may be catastrophic.
More than 2000 people from six villages have signed the petition, according to the Dawei Development Association.
Myanmar: The Dawei Special Economic Zone
Investor confidence in the long-delayed Dawei special economic zone (DSEZ) is growing after Japan signed on as a third equal partner with Myanmar and Thailand this December. Japan’s backing may finally kick start construction of the billion dollar project that has been crippled by funding shortfalls since 2013. If it’s ever finished, the deep-seaport is expected to rival the one in Singapore, opening a new gateway to the Malacca Strait from the western Myanmar seaboard. The 196 square km special economic zone – scaled down from initial estimates of 204.5 square km – would become one the biggest industrial parks in Southeast Asia.
Doubts raised over Chinese oil refinery plan
A Chinese-led US$3 billion plan to build Myanmar’s largest oil refinery near the southern city of Dawei has raised questions about China’s strategic intentions in launching apparently commercially unviable projects, while local groups have already signalled their opposition.
Sino–Japanese competition heats up over Myanmar’s SEZs
China and Japan are eager to be involved in massive special economic zone (SEZ) projects in Myanmar, amid rising economic competition in the Greater Mekong Subregion (GMS). Since 2011, Myanmar has rapidly improved its diplomatic relations with the West and Japan in order to broaden its economic relations and mitigate its excessive dependence on China.
Vietnam needs clearer windpower laws: experts
These were among the petitions related to administrative procedures that were raised at a validation workshop held in HCM City last week.
The aim of the workshop was to create more opportunities for further wind power.
The Validation Workshop on “Wind Power Investment Guidelines” was co-hosted by the Deutsche Gesellschaft fur Inter-nationale Zusammenarbeit (GIZ) GmbH in Vietnam and the General Directorate of Energy (GDE) under the Ministry of Industry and Trade (MOIT) in Vietnam.
Aurelien Agut, a GIZ consultant, said that interest to invest in small wind turbines was strong, but there were no clear regulations on the import of small turbines as well as on relevant procedures.
China seeks ‘new chapter’ in first visit with Myanmar’s Suu Kyi
China and Myanmar pledged to open a “new chapter” in their sometimes strained relationship, raising the prospect that stalled Chinese investment projects in the Southeastern Asian country could be allowed to resume.
Aung San Suu Kyi, head of Myanmar’s ruling National League for Democracy and newly installed foreign minister, and her Chinese counterpart, Wang Yi, said the two had “reached consensus” to approach existing problems through negotiations. Wang’s trip — the first high-level diplomatic visit since Suu Kyi’s party filled top government offices last week — signaled China’s interest in firming up ties tested by the previous military-backed government’s halt of projects such as the $3.6 billion Myitsone dam.
UPA signs B10bn Dawei power plant deal
The signing ceremony was held on Monday to mark the start of investment in a 200-megawatt plant to be located in Kanbauk.
Mr Upakit said the move to develop the 200MW power plant came after the first step last June, when subsidiary Andaman Power and Utility Co (APU) signed a contract with the Tanintharyi regional government to supply electricity and develop the 20MW gas project in Dawei.