A newly established company in Bangkok with no previous power industry experience has provisionally secured an agreement with Burma’s Ministry of Electric Power to build the country’s first solar energy plant.
Green Earth (Thailand) Company Limited has signed a memorandum of understanding (MoU) to build a large solar “farm” at Minbu near the capital Naypyidaw. Green Earth said the project would eventually have an electricity-generating capacity of 210 megawatts and cost US $275 million.
The MoU was signed in Bangkok with Deputy Minister for Electric Power Aung Than Oo.
Green Earth Managing Director Supasit Skontanarak was quoted by Bloomberg business news agency as saying the project could be completed inside two years. However, Supasit said his company needed to raise development capital and was looking for joint-venture partners.
Green Earth said it is also in discussions with Burma’s Ministry of Electric Power on an agreement for a second solar-power project, to be sited near Rangoon or Mandalay, which would have a generating capacity of 200 megawatts.
Large solar plants, using sun-absorbing photovoltaic panels laid out in rows, need a lot of land and must be located with access to the electricity transmission grid.
Many of the world’s biggest solar-panel manufacturers are in China.
Online intellectual property dispute platform to go live next year
The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology.
Thailand pushes for “Ease of Doing Business” reforms
Thailand is in the process of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand, according to Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow.
Thailand remains in pole position for the highest funds raised across Southeast Asia
Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively
THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.(more…)
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