Cambodian tycoon Ly Yong Phat has signed a US$3 billion joint-venture agreement with Thai energy firm Ratchaburi Electricity Generating Plc on what would be the Kingdom’s largest power station.
Just under 90 per cent of the power, however, would be sold to Thailand. The 1,800 megawatt coal-fired plant, to be built in Koh Kong province, would sell 1,600 megawatts to the Kingdom’s western neighbour, Ly Yong Phat said by phone yesterday.
Construction would start in as soon as two months, and the newly formed joint venture, KK Power, was in negotiations with Thai officials on the price at which the power would be sold, said Ly Yong Phat, now the JV’s CEO. He declined to comment on the company’s ownership structure
Koh Kong power to go to Thais
CLMV’s economic growth crashes to two-decade low due to COVID-19
The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year
Cambodia’s aid and investment affair with China
China is Cambodia’s biggest aid provider and Chinese investors hold almost a quarter of Cambodia’s total FDI stock. Distinguishing Chinese aid from investment is difficult, but there is no doubting China’s huge economic impact in Cambodia.
Thailand pushes CLMVT as the “New Value Chain Hub of Asia”
The Ministry of Commerce, in cooperation with 11 relevant agencies, hosted the CLMVT Forum 2019 with delegates from Cambodia, Laos, Myanmar, Vietnam, and Thailand
BANGKOK, 24 June 2019 (NNT) – Thailand’s Prime Minister, Gen. Prayut Chan-o-cha, today attended the opening of the CLMVT Forum 2019, and urged its member countries to push for the development of the CLMVT Regional Value Chain, so that they can have more bargaining power and improve the well-being of their citizens.
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai securities flexibly...
Gambling in Asia: Thailand and more
There is a large demand for gambling throughout Asia, which is detailed below in a comparison between various countries, such...
EEC Expects 300-billion-baht Investment This Year
BANGKOK (NNT) – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC)...
Thailand’s Stock Exchange (SET) market report for January 2021
BANGKOK – The Stock Exchange of Thailand (SET) Index rose inJanuary, though a new wave of COVID-19 pandemic in domestic...
Vietnam’s Binh Dinh Industrial Zone: Opportunities for Foreign Investors
The project will be based in Qui Nhon city, with a total capital of more than US$143 million (3,333 trillion...
Finance Ministry Seeks More Fund for Co-payment Scheme
Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the number of registrants exceeded the target of 31 million and could...
Subscribe via Email
Economics6 days ago
1.7 million Thais without smartphones register for "Rao Chana" benefits
National1 week ago
Thailand to further ease COVID-19 restrictions
Business1 week ago
THAI airways to sell training center building to raise more funding
Ecommerce1 week ago
Will Covid-19 unleash a new generation of digital nomads?