Australia: Edison Mission Energy has sold a 30 per cent interest in the Kwinana cogeneration plant to SembCorp Energy, a subsidiary of Singapore-based Sembcorp Industries. The deal signals the creation of a strategic relationship between the two companies to jointly develop, own and operate electric power infrastructure projects in the Asia-pacific region.
China: Chinese state media has reported that more villagers have been relocated from their homes in the area that will be flooded by the reservoir of the Three Gorges Dam project, and moved to Shanghai. Over 630 people were moved in mid-August, bringing the development company closer to the target of 1.3m people to be moved by 2009.
Malaysia: Power utility Tenaga Nasional Bhd (TNB) has signed a deal with Kapar Energy Ventures (KEV) to sell its 2420MW Kapar power station for $1.63bn. KEV has also signed a conditional power purchase agreement to generate and sell electricity to TNB and to make generating capacity available to the company for 25 years. Proceeds from the divestment of the plant will be used to write off some of TNB’s debts.
Philippines: The proposed wholesale spot market could cost up to $15m to implement, according to Hagler Bailly Asia Pacific Ltd. The spot market is scheduled to be established 12 months after the passage of the country’s electricity reform bill into law. The Department of Energy will establish and oversee the operations of the spot market.
Philippines: German engineering group Siemens has started the construction of the 500 MW San Lorenzo power plant following the successful completion of the 1000 MW Santa Rita plant, both of which are located in Batangas, around 100 km from Manila. San Lorenzo will consist of two 250 MW blocks in single shaft configuration.
Taiwan: Japan’s Tokyo Electric Power Co. (Tepco) and Sumitomo Corp. have said that they will invest in two independent power projects in Taiwan. Tepco will invest
Thailand: SNC-Lavalin Group has received a turnkey contract from the Provincial Electricity Authority of Thailand (PEA) for the supply and installation of a distribution management system for the electrical networks in five areas of the country. The system will include a management centre in Bangkok and five branch dispatching centres.