AES Sells Minority Stake in Masinloc Power Plant and Development Projects in the Philippines to EGCO Group for $453 Million
Business Wire - Wed Jun 25, 3:30PM CDT
The AES Corporation (NYSE: AES) announced today that it has entered into an agreement to sell 45% of its interest in Masin-AES Pte Ltd, a wholly-owned subsidiary of AES that owns AES' business interests in the Philippines, to Electricity Generating Public Company Limited (EGCO Group), a Thailand-based Independent Power Producer (IPP), for $453 million. The sale includes indirect stakes in the following: the 630 MW Masinloc coal-fired power plant in operation since 1998; expansion of the existing Masinloc facility; and approximately 60 MW of potential energy storage projects in advanced development. After the sale, AES will own a 51% net stake in Masinloc, EGCO Group will own 41%, and the International Finance Corporation (IFC) will retain 8%. AES will continue to manage and operate the plant. AES and EGCO Group have agreed to use the Masinloc platform as their exclusive vehicle for growth in the Philippines.
MHI Receives Full-Turnkey Order for 977MW GTCC Power Plant From KEGCO in Thailand
JCN Newswire - Tue Aug 20, 12:33AM CDT
Mitsubishi Heavy Industries, Ltd. (MHI) has received a full-turnkey order for the construction of a 977MW (megawatt) gas turbine combined cycle (GTCC) power generation plant from Khanom Electricity Generating Co., Ltd. (KEGCO), an independent power producer (IPP) in Thailand. The plant is to comprise of two trains of a 488.5MW power generation unit, with both blocks slated to go on-stream in June 2016. MHI and KEGCO also concluded a long-term service agreement (LTSA) for the plant.
Southeast Asia Smart Grid - Market Forecast (2012 - 2022)
M2 - Thu May 30, 6:40AM CDT
Research and Markets (http://www.researchandmarkets.com/research/hzg8gb/southeast_asia) has announced the addition of the "Southeast Asia Smart Grid - Market Forecast (2012 - 2022)" report to their offering. Southeast Asia is a rising smart grid market that will offer substantial consumer benefits and vendor opportunities beginning in the mid-part of this decade. The region currently trails other global regions in terms of smart meter deployments and regulatory frameworks but this is beginning to change. There are already pilot projects in several countries throughout Southeast Asia and high economic growth rates will both require and sustain large-scale deployments. As a region, Southeast Asia has the highest projected GDP growth rates of all emerging smart grid markets, led by Vietnam at over 7% per year through the next five years. By 2022, Southeast Asian countries will likely have an electricity demand profile similar to Latin American and Eastern European countries where large-scale smart meter depl
Ontario Introduces New Act to Protect Critical Facilities
M2 - Thu Apr 11, 4:31AM CDT
Ministry of Community Safety and Correctional Services - Ontario's nuclear facilities, electricity generating plants, and courthouses will be better protected through new legislation introduced today.
Thailand Coal Mining Market Overview and Forecast to 2020: Trends, Major Projects, and Competitive Landscape
M2 - Tue Mar 19, 6:11AM CDT
Research and Markets (http://www.researchandmarkets.com/research/j6pp3q/thailand_coal) has announced the addition of the "Thailand Coal Mining Market Overview and Forecast to 2020: Trends, Major Projects, and Competitive Landscape" report to their offering. This mining industry offering, "Thailand Coal Mining Market Overview and Forecast to 2020: Trends, Major Projects, and Competitive Landscape" provides a comprehensive understanding of the coal mining industry in Thailand. This report provides historical and forecast data on coal production, consumption and trade (export and/or imports) to 2020 with further split into coal grade and coal type (coking and steam coal). In addition to this, the report also includes drivers and restraints affecting the industry, profiles of major coal mining companies and information on major active and planned mines. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by a team of industry