Archive | May, 2004

VIETNAM: Investors encouraged to look at small hydropower projects

Recent changes in regulations appear to have sparked off interest in Vietnam’s fledgling hydroelectricity market, said the Ministry of Industry. Over the last two years, it reported that domestic investors have signed up to support 70 small hydroelectric projects in the country. The ministry said its December 2002 decision to liberalise the management, investment and […]

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BAHRAIN: BANAGAS awards Foster Wheeler contract to revamp LPG facilities

Engineering group Foster Wheeler Ltd saidthat its subsidiary Foster Wheeler Energy Limited has been awarded a contract by the Bahrain National Gas Company (BANAGAS) for front-end engineering design to revamp its liquefied petroleum gas (LPG) facilities. The value of the contract was not disclosed. BANAGAS is 75% owned by the Bahraini government with the remaining […]

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KOREA: South’s KNOC mulls oil exploration project in North Korean waters

SEOUL (AFX-ASIA) – South Korea’s state-run Korea National Oil Corp (KNOC) is considering taking part in an oil exploration project off North Korea’s west coast, a company spokesman said. “As part of inter-Korean economic cooperation, we are considering the possibility of taking part in the oil exploration project in North Korea,” the spokesman told Agence […]

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AFGAHNISTAN: ADB approves study grant to prepare national power transmission grid project

The Asian Development Bank (ADB) is helping the government of Afghanistan to prepare a national power transmission grid project through a US$750,000 technical assistance (TA) grant. The ADB said the project would interconnect the northwestern power system with the northern and central power systems to supply the provinces of Badghis, Faryab, and Jawzjan, which are […]

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PHILIPPINES: Petron taps Citigroup-led consortium for US$100 million loan

MANILA (AFX-ASIA) – Oil refiner Petron Corp has awarded the mandate for a five-year US$100 million loan to the consortium of Citigroup, ING Bank and Saudi American Bank, the Philippine Star newspaper reported, citing company documents. Proceeds of the loan will be used to finance Petron’s US$100 million Clean Air Act-related projects, which include the […]

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