April-May 2019
Investment in green infrastructure is the need of the hour for the emerging Southeast Asian economies. The infrastructure sectors in Southeast Asia hold immense opportunity to leapfrog over the low performing, resource...
Read MoreMonth: May 2019
Ayala Corporation Energy, Inc. signs agreement for a wind farm
May 30, 2019 | Key Developments, Vietnam
Ayala Corporation Energy, Inc. has signed a shareholders’ agreement with Vietnam-based Blue Circle Pte Limited to jointly construct, own and operate the Mui Ne wind farm located in Binh Thuan province on the southeast coast of...
Read MoreADB inaugurates a 50 kW solar photovoltaic system with 273 kW energy storage unit
May 30, 2019 | Key Developments, Philippines
ADB has inaugurated a 50 kW solar photovoltaic (PV) system with a 273 kW energy storage unit. The Malalison PV-storage hybrid system is a pilot project carried out by a private JV between the Philippine utility, Antique Electric...
Read MorePhase I of Jakarta MRT North-South Corridor opened for public operations
May 30, 2019 | Indonesia, Key Developments
Phase I of the Jakarta mass rapid transit (MRT) North-South Corridor has been opened for public operations. It spans a total of 16 km from Lebak Bulus in South Jakarta to the Hotel Indonesia traffic circle/Bundaran HI in Central...
Read MoreIndochina Telecom Company launched mobile virtual network operator
May 30, 2019 | Key Developments, Vietnam
The Indochina Telecom Company has launched Vietnam’s first mobile virtual network operator, Itelecom. In its early phase, Itelcom will be introduced to workers at industrial zones in nine provinces – Ha Noi, Thai Nguyen, Vinh...
Read MoreThe consortium of Vinci and Acciona win €200 million wastewater treatment plant contract
May 30, 2019 | Key Developments, Vietnam
The consortium comprising Vinci Construction Grands Projets and Acciona Agua has won a €200 million waste water treatment plant contract. The scope of work includes designing and building Phase I of the Nhieu Loc-Thi Nghe waste...
Read MoreHải Phòng international container terminal receives first container ship
May 30, 2019 | Key Developments, Vietnam
The Hai Phòng international container terminal of the Tân Cang Sài Gòn Corporation has received its first container ship. The ship, with a capacity of nearly 12,000 twenty-foot equivalent units, belonged to a joint venture of...
Read MorePeople’s Committee of Vietnam signs a MoU with Seoul Transportation Corporation for metro and tram lines
May 30, 2019 | Key Developments, Vietnam
The People’s Committee of Vietnam has signed an MoU with the Seoul Transportation Corporation to develop two metro and eight tram lines for Da Nang. As per the agreement, the city government of Da Nang and the Seoul...
Read MoreConstruction of Phase 1 of Dong Hai 1 wind power project commences
May 30, 2019 | Key Developments, Vietnam
Construction on Phase 1 of the Dong Hai 1 wind power project has started. The project has a capacity of 50 MW and will entail an investment of VND 2.5 trillion ($107.3 million). The project includes 12 wind turbines, a...
Read MoreSolar power development scheme for southern province approved
May 30, 2019 | Key Developments, Vietnam
The People’s Committee of Vietnam’s southern province of An Giang has approved a solar power development scheme by 2020, with a vision till 2030, entailing an estimated investment of VND18.32 trillion ($786.27 million). As per...
Read More30 MWp BMT solar power farm inaugurated
May 30, 2019 | Key Developments, Vietnam
The 30 MWp BMT solar power farm in Krong Pak district in Dak Lak province has been inaugurated. The farm has been constructed at a cost of VND 617 billion. In a separate development, the 49 MWp Thanh Thanh Cong Ham Phu 2 solar...
Read MoreSolar projects with 330 MWp capacity commissioned
May 30, 2019 | Key Developments, Vietnam
Three solar power plants with a combined capacity of 330 MWp in Thuan Nam district, the south central province of Ninh Thuan, have been put into operation and connected to the national grid. Constructed with an investment of VND...
Read More19.2 MW solar plant launched in central province
May 30, 2019 | Key Developments, Vietnam
The Thien Tan Group has commissioned the first 19.2 MW solar power plant in Mo Duc district in the central province of Quang Ngai after three years of construction and various delays at a total investment of VND 900 billion. It...
Read MoreJapan Bank for International Co-operation signs loan agreement with VAN PHONG
May 30, 2019 | Key Developments, Vietnam
The Japan Bank for International Cooperation has signed a loan agreement worth $1,199 million with Van Phong Power Company Limited (Van Phong) for the Van Phong 1 coal-fired power generation project in Vietnam. Under the...
Read MorePetronas enters into binding heads of agreement with PetroVietnam for oil and gas
May 30, 2019 | Key Developments, Vietnam
Petronas has entered into a binding HoA with PetroVietnam for the sale and purchase of additional gas from Block PM3 CAA, Malaysia, to Ca Mau province, Vietnam. This agreement is likely to enhance cooperation and collaboration...
Read MoreNational Broadcasting and Telecommunications Commission delays 700MHz spectrum auction
May 30, 2019 | Key Developments, Thailand
Thailand’s National Broadcasting and Telecommunications Commission (NBTC) has deferred the 700 MHz spectrum auction to August or September 2019 from the scheduled date of May 2019. Although the auction’s terms and plans for...
Read MoreConstruction of four light rail lines approved
May 30, 2019 | Key Developments, Thailand
The construction of four light rail lines in Chiang Mai, Phang Nga, Phuket and Nakhon Ratchasima province at an estimated investment of THB 161 billion has been approved for development on a public-private partnership (PPP)...
Read MoreCambodia-Thailand cross-border rail link inaugurated
May 30, 2019 | Key Developments, Thailand
The 1.3 km cross-border rail link connecting Poipotin Cambodia with Arayaprathet in Thailand has been inaugurated. An agreement pertaining to the operation of international rail services was also signed by the two governments....
Read MoreCabinet approves construction of a third runway at Suvarnabhumi International Airport
May 30, 2019 | Key Developments, Thailand
Thailand’s cabinet has approved the proposal of Thailand’s Ministry of Transport to construct a third runway at the Suvarnabhumi International Airport at a cost of about THB 21.8 billion ($679.98 million). Expected to be...
Read MoreThailand, China, and Laos sign an MoC for rail line
May 30, 2019 | Key Developments, Thailand
Thailand, China and Laos have signed a memorandum of co-operation (MoC) on the development of a 1.44 metre wide standard gauge rail line between NongKhai and Vientiane in Laos. This rail line is part of China’s Belt and Road...
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