Thailand health workers threaten strike
The Nation, January 19, 2009 www.nationmultimedia.com/2009/01/19/national/national_30093535.php
Public sector unions prepare nationwide strike
During the last two decades, fundamental changes have taken place in power sector around world, and many countries have adopted market-oriented reforms to introduce more competition into the sector. However, while the case for restructuring from economic and technical perspectives might be unambiguously strong, the performance of such reform efforts in developing countries has been mixed so far.
Excerpts of Sep 2009 ADB review: The project is a 'Loan and Complementary Financing Scheme' -- On 12 November 2003, the Board of Directors of the Asian Development Bank (ADB) approved (i) a loan of up to $40 million from ADB's ordinary capital resources, (ii) a proposed loan under the ADB's complementary financing scheme (CFS) of up to $100 million in favor of commercial lenders, and (iii) a political risk guarantee (PRG) in favor of commercial lenders to BLCP Power Limited (BLCP) for the BLCP Power Project (Project).
International Power Completes Refinancing of Power Plant in Thailand (London 27 July 2001) -- International Power announced today that it has completed a US$ 45.1 million loan package to re-finance it’s wholly owned subsidiary, Thai National Power, for costs associated with construction of a 110 MW gas fired cogeneration plant in Rayong Province, Thailand. The plant went into service in October 2000 and has achieved a technical availability of over 99% since commissioning.
International Power completes the acquisition of Edison Mission Energy’s International Generation Portfolio (London – 17 December 2004) International Power is pleased to announce today the completion of the acquisition of the international generation portfolio of Edison Mission Energy (the “EME Portfolio”), in a 70:30 partnership with Mitsui & Co., Ltd of Japan, for a consideration of $2.0 billion (£1.04 billion). This follows the Extraordinary General Meeting on 25 November 2004, when shareholders voted overwhelmingly in favour of the transaction.
Sep. 18, 2007 - Acquisition of 30% shares in Amata Power Limited by Sumitomo Corporation.
Sumitomo Corporation (head office: Chuo-ku, Tokyo; President and CEO Susumu Kato; hereinafter referred to as "SC") has acquired 30% of shares in Amata Power Limited ( hereinafter referred to as "APL"), who owns and operates 3 power plants in Thailand and Vietnam. SC and Sumitomo Corporation Thailand Limited, a 100% owned subsidiary of SC, have jointly established a new subsidiary in Thailand, named Summit Sunrise Energy Co., Ltd ("SSEC"), and SSEC will own the shares in APL.
JBIC Signs Loan Agreement for the BLCP Coal-Fired Power Plant Project in Thailand, First Project Finance Loan to Thai IPP (March 30, 2004) - 1. Japan Bank for International Cooperation (JBIC; Governor: Kyosuke Shinozawa) signed today a loan agreement totaling 408 million US dollars with BLCP Power Ltd. in Thailand to finance the BLCP Coal-Fired Power Plant Project. The loan was cofinanced with private banks (agent bank: the Bank of Tokyo-Mitsubishi).
Supporting Japanese Firm's Exports of Power Facilities to Vietnam, First Export Loan to Electricity of Vietnam (November 15, 2005) - 1. Japan Bank for International Cooperation (JBIC; Governor: Kyosuke Shinozawa) signed today a loan agreement totaling 7.7 billion yen with the Electricity of Vietnam (EVN), a cooperation in the Socialist Republic in Vietnam, with a guarantee provided by the Government of Vietnam. The loan was cofinanced with Mizuho Corporate Bank (agent bank) and Société Générale, Tokyo branch. 2.
Project Financing for Privately Financed, Combined Cycle Gas Turbine Power Generation Project in Thailand Support for Meeting the Rapidly Increasing Demand for Power (December 14, 2005) - 1. Japan Bank for International Cooperation (JBIC; Governor: Kyosuke Shinozawa) signed a loan agreement today to finance the Ratchaburi Power Combined Cycle Gas Turbine Power Generation Project with Ratchaburi Power Company Limited (RPCL), a Thai corporation in which CHUBU Electric Power Co., Inc. and Toyota Tsusho Corporation have an equity stake.
Thailand water news (1985-2004): Metropolitan Waterworks Authority (MWA), Provincial Waterworks Authority (PWA), Thai East Water, wastewater privatization
THAILAND POWER NEWS (2005) from Energy Briefing - Asia Pulse.
LAOS POWER NEWS (2005) from 'Energy Briefing - Asia Pulse'.
May 19, 2009 (Bloomberg) -- Laos, Southeast Asia’s smallest economy, plans to sell its first foreign-currency bonds to finance electricity projects as part of efforts to become less dependent on international aid. The communist-run nation may sell as much as 2.5 billion Thai baht ($72.5 million) of five- to 15-year notes backed by royalties from hydropower plants, said Chiemi-Jamie Kaneko, a financial markets official at the Asian Development Bank, which is advising the Laos government. “The world has a view that we are closed, but actually we are open,” Boualith Khounsy, a director at the Laos Ministry of Finance’s fiscal policy department, said in an interview in Bangkok. “We have to find a way to mobilize funds and strengthen our system.” Proceeds from the bonds will be used to buy a stake in a hydropower project to provide electricity to Thailand, Boualith said. Laos officials are in talks with state-owned Export-Import Bank of Thailand to guarantee the notes, according to Kaneko. The sale will “ideally” happen “later this year, or January, February,” Kaneko said. It may be split into two, with the second part coming to market in two or three years, she said.
General problems in TUR:
- Trade union Rights violated
- Not Ratified Con. 87 and 98
- Unaware of TUR problem
- Outsourcing, short-term contract, Rationalization