Vietnam

ADB funds Vietnam-Cambodia transmission lines

Vietnam will supply power which could bring an end to blackouts in Cambodia in a deal brokered by Asian Development Bank which has put up half of total $100m (£61m) cost to erect pylons connecting power lines (and building substations) from Vietnam to Cambodia. It is the first segment of a national grid in Cambodian history. The new transmission lines run both ways; if, in the future, Cambodia has a power surplus it should be able to return the favour.

Sanitation in Indonesia

A World Bank report “Economic Impact of Sanitation in Southeast Asia” said that, compared to other Southeast Asian countries, Indonesia experienced the highest economic impact from its poor sanitation. The annual economic impact on health, water, the environment, human welfare and tourism is approximately US$6.3 billion in Indonesia, $1.4 billion in the Philippines, $780 million in Vietnam and $450 million in Cambodia. Indonesian loses the equivalent of Rp 265,000 per capita annually.

Sumitomo acquires 30% shares in Amata Power

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 loan to Phu My 3 BOT Power (Vietnam)

JBIC Supports Vietnam Power Sector With Project Finance Loan for Power Project with Private Participation (June 12, 2003) - 1. Japan Bank for International Cooperation (JBIC; Governor: Kyosuke Shinozawa) signed today a loan agreement amounting to US$99 million with the Phu My 3 BOT Power Company, a project company incorporated in the Socialist Republic of Vietnam, for the Phu My 3 Power Project. Kyushu Electric Utilities, Nissho-Iwai, BP plc of the UK, and SembCorp Utilities Ltd. in Singapore have joint stakes in the Company. The loan was cofinanced with Mizuho Corporate Bank and Fortis Bank of Belgium as structuring lead arrangers, as well as the Asian Development Bank (ADB), Bank of Tokyo-Mitsubishi, Credit Lyonnais and Credit Agricole Indosuez as lead arrangers. The overall loan amount totaled US$309 million. ADB, Nippon Export and Import Insurance (NEXI) and the Multilateral Investment Guarantee Agency (MIGA) provided guarantee insurance to cover political risk for the portion financed by commercial banks.

JBIC loan to Vietnam Electricity (EVN)

JBIC Signs Loan Agreement with Vietnam Electricity Export Credit Agencies in Japan and China jointly supporting Japan and China Consortium (March 29, 2007) - 1. Japan Bank for International Cooperation (JBIC; Governor: Kyosuke Shinozawa) signed a loan agreement on March 28 on buyer's credit totaling up to 7.3 billion yen with Vietnam Electricity (EVN), a corporation in the Socialist Republic of Vietnam. The loan was cofinanced with Mizuho Corporate Bank (agent bank) and Société Générale , Tokyo Branch. 2.

Vietnam Power : Integration or Unbundling

I re-address a traditional question: whether the electricity industry should be vertically integrated or disintegrated. Since the late 1990s, the common policy of unbundling electricity utilities and involving private sector has been questioned once again. Unlike earlier studies, I use data on the electricity

VIETNAM POWER NEWS (2005)

VIETNAM POWER NEWS (2005) from Energy Briefing - Asia Pulse.

ADB-TA: Governance in Pensions Industry

The overall goal of the TA is to support capacity building in the pensions industries of DMCs. The focus of the TA is the development of best governance and sustainable investment practices in the pensions industry of DMCs, with the goal of optimizing investment performance and standards of fiduciary responsibility. The TA is structured to cover five DMCs that face some of the greatest challenges in the region: PRC and India by virtue of the size of their elderly populations; and Indonesia, Philippines, and Viet Nam—representing DMCs that have made very little progress to date toward reform of their pensions systems.In all these countries, pensions policy is at an early stage of development and there is a lack of sophistication among practitioners. Pension fund regulators, trustees, and officers in these countries would greatly benefit from information about developments in the global pensions industry, including sustainable investment practices and governance standards, which may have an impact on their ability to meet fiduciary responsibilities and maximize long-term income generation.

Manila water expansion projects Philippines & Asia

Manila Water Company Inc (MWC) is the private operator of the east zone concession of the Metropolitan Waterworks and Sewerage System (MWSS) in Manila, Philippines. When MWSS was privatized in 1997, it was touted as the biggest water privatization in the world. MWSS was divided into two zones (east and west) and the management of each zone over 25 years, including financing for capital investments, was bidded out to two private companies. The International Finance Corporation (IFC), World Bank’s private sector arm, advised the privatization; it is now a major shareholder of MWC. Ten years hence, Manila Water has stretched its wings and ventured into ‘markets’ outside its concession, not only in the Philippines but also in the Asian region. International water companies have moved out or slowed down in Asia and the company has aggressive plans to fill in this gap and largely ‘untapped’ market.

ADB-WOPs: PPWSA (Cambodia) - BIWASE (Vietnam) twinning

In Feb 2009, ADB organized the 1st Twinning Regional Forum held at the K Water Academy in Daejeon, Korea where for the first time, ADB-sponsored twinning utilities met to discuss twinning progress and processes and learn from each others’ best practices. ADB newsletter WATERMARKS (http://www.juscoltd.com/Water%20Mark%203.pdf ) reports the following ‘significant results’, despite delays in the start up phase of various twinning partnerships:

? After visiting their expert twin Phnom Penh Water Supply Authority (Cambodia), Binh Duong Water Supply Sewerage Environment Company (BIWASE-Vietnam) realized the need for a systematic training of their staff and quickly established a new training department.

ADB-WOPs: DAWACO-HWSCo Twinning (Vietnam)

In Feb 2009, ADB organized the 1st Twinning Regional Forum held at the K Water Academy in Daejeon, Korea where for the first time, ADB-sponsored twinning utilities met to discuss twinning progress and processes and learn from each others’ best practices. ADB newsletter WATERMARKS (http://www.juscoltd.com/Water%20Mark%203.pdf ) reports the following ‘significant results’, despite delays in the start up phase of various twinning partnerships:

? Vietnam’s Danang Water Supply Company (DAWACO) has introduced reforms in management systems and in their leak detection program in close collaboration with expert twin Haiphong Water Supply One Member Company, Ltd. (HWSCo)

Jamshedpur: Reducing water shortage through rainwater harvesting

In Jamshedpur, India, industrial production, water conservation and environmental concern go hand in hand. In a city with scarce ground water resources and an uneven rainfall across the year, special attention is given to the establishment of rainwater harvesting systems. Jamshedpur is recognised as a model green city, not just in India, but globally. Jamshedpur is a testament to the visions of the first private iron and steel company of India, Tata Steel. It is a carefully planned industrial city with green streets, public parks and large areas for sports. It is also the only city in India without a municipality. The responsibility for its conservation and maintenance is entirely assumed by Tata Steel, a unique situation in the world.

PUP: Haiphong Water/Vietnam – DAWACO/Vietnam twinning

The water utilities of the two big port cities Haiphong and Da Nang, about 900 kilometers away from each other, found that they share the same challenge, i.e., providing quality and reliable drinking water services to their communities in the most economical and efficient way. They also realized that Haiphong Water is performing better than DAWACO (Da Nang Water Supply Company) – Hai Phong has reduced its NRW levels to 21.5% from levels above 60% in the last 10 years. In May 2008, they entered into a twinning program to work on Da Nang’s NRW and management practices. The ‘twins’ see great value in learning from similar utilities because of demonstrative methods that achieve results. [USAID is also facilitating a twinning partnership between DAWACO and Manila Water International Solutions (MWIS), a subsidiary of the private operator Manila Water Company, to support DAWACO’s efforts to provide a safe water supply to its 99,000 customers in Da Nang.]

PUP: PPWSA/Cambodia – BIWASE/Vietnam twinning

From a war-torn utility, Phnom Penh Water Supply Authority (PPWSA) is now considered as one of Asia’s outstanding public utilities – financially and operationally autonomous, achieving full cost recovery and a low NRW level at 6%, and a growing reputation for organizational excellence, customer-oriented service, and high-level of service performance. Under an inspired leadership, PPWSA brings safe drinking water to a million people in Cambodia’s capital city. Binh Duong Water Supply Sewerage Environment Company (BIWASE) provides the water needs of 1.2 million consumers in Vietnam’s southeastern province of Binh Duong. Like many others in Asia, BIWASE suffered from high-levels of NRW, faulty or inaccurate metering, and distribution system breakdowns. In July 2007, PPWSA was tapped as ‘expert twin’ under WOPs. Twenty-two BIWASE personnel then visited Phnom Penh to touch base with their PPWSA counterparts and see for themselves the renowned efficient operations through hands-on experience. Despite language and cultural differences, initial skepticism and other challenges, BIWASE managers learned much from the twinning, applied what they learned, and are now enjoying the fruits of the partnership. Claiming that they, too, are now experts, BIWASE colleagues had been given more challenging tasks that resulted in, among others – more streamlined work processes; 800-strong personnel fully-trained to apply new standard operating procedures; a 24-hour customer hotline; better-trained meter reading personnel. BIWASE now feels the benefits of the twinning arrangement – more revenues; fewer customer complaints about meter reading errors; and NRW drastically dropped by 20% with better planning of district metered areas — a strategy they learned from PPWSA. With BIWASE’s progress, other utilities in Vietnam are following suit and have identified better practices and applied them.

Cascal N.V. Completes Acquisition of 49% Stake in Yancheng China Water Company

Cascal N.V., a leading provider of water and wastewater services in seven countries, announced that its China Water subsidiary had acquired a 49 percent stake in an equity joint venture in Yancheng City, China. The new joint venture company, Yancheng China Water Company, which partners Cascal with the Municipality of Yancheng, will formally commence operations on May 1, 2008, for a period of 30 years. To complete the transaction, Cascal delivered the balance of the purchase consideration (total Rmb 200 million*) and Yancheng China Water Company received the required business license from the Yancheng Industrial and Commercial Administrative Bureau. Over the initial 3 years, Cascal expects the new joint venture company to achieve revenues rising from approximately Rmb 66 million to Rmb81 million and EBITDA margins improving from approximately 35% to greater than 40%. Cascal currently operates long-term projects in Fuzhou, Yanjiao, Xinmin, Qitaihe, and now Yancheng, and expects to complete another Chinese acquisition in the next few months.

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