Energy Business News

Thailand Community power project gets the nod
The Energy Policy and Planning Office (EPPO) has approved the community-based power plant project, setting the rate of sale at Bt3-5 per unit depending on fuel types while the community can owns 10-40 per cent of the facility. Energy Minister Sontirat Sontijirawong revealed the decision of EPPO committee today (December 16), approving feed-in tariffs economic policy mechanism in renewable power investment and sell rate for Very Small Power Producers (VSPP). The committee also tasked the Energy Regulatory Commission (ERC) to draft regulations and make an announcement. It also appointed an executive to oversee trading and manage the project. The electricity contract of the community-based power plant is a Non-Firm contact, wherein the power producers are able to co-store the power but prohibited from using fossil fuel to generate electricity. Next year, the government will start buying 700 MW from private producers and has scheduled the commercial operation dates for two types of projects: Quick win project in 2020, followed by general project the year after.   Source:
Thailand joining the government’s campaign ‘Recycle your waste and get free eggs’
Chaiyut Thipsuwanporn, senior vice president at Charoen Pokphand Foods (CPF), announced this week that the company’s food retail franchise CP Fresh Mart is joining the government’s campaign to reduce waste and will stop giving plastic bags to customers starting from January 1. “Moreover, since October we have been piloting a new project called ‘CP Fresh Mart Ma Kep’, aiming to teach the right way of separating household waste for recycling in the communities around our retail shops,” he said. “The pilot shops are Yenjit , Sathorn 11 and Sathorn Condo branches, where customers can bring in 50 pieces of recyclable waste and get 10 free eggs every Wednesday between 1-4 pm.” The project is being implemented in collaboration with GEEP, a Thai start-up with expertise in recycling and waste management. “The project has been well received by customers and we are planning to expand it to other branches in the near future,” he added. Furthermore, to prepare customers for next year’s no plastic bags policy, CP Fresh Mart has organised several campaigns since the beginning of the year including not giving out of plastic bags on Wednesdays, selling thermos bags at a special price, as well as buying plastic bottles and recyclable waste at selected branches in Bangkok and the surrounding area. “CPF is planning to stop using all plastic packaging by 2025 in Thailand, and by 2030 in other countries,” said Chaiyut.   Source:
Dasman Diabetes Institute opens GeoHealth Lab
Dasman Diabetes Institute (DDI) founded by Kuwait Foundation for the Advancement of Sciences, has inaugurated its GeoHealth Lab recently. During the inauguration, Dr. Duwairi mentioned that the Dasman Diabetes Institute is proud of driving a geohealth agenda to deal with diabetes in Kuwait and provide innovative solutions that focus on prevention and intervention. Dasman’s Geohealth Lab has built a comprehensive technical infrastructure that integrates health and administrative data with social, built and physical environmental data in support of spatial epidemiological research to understand and prevent Diabetes. This lab is the first focused Geohealth Research Hub in the region with capacity to apply spatial epidemiology and develop knowledge and understandings of the spatial drivers of diabetes in Kuwait. The lab is enabling the development of new methodologies to sustain effective public health and medical care interventions in Kuwait, which is part of the mission to serve the country and its population.   Source:
Two-day Energy Summit kicks off in capital
Addressing the summit, Energy Minister Barshaman Pun said that energy development is crucial for the country's economic development. "Nepal government is committed to attract foreign investment in the energy sector," he said. Minister Pun said that Nepal will generate 5000 megawatt electricity once some of the ongoing hydropower projects are completed in couple of years. "Meanwhile, Nepal's current electricity demand is only 1320 megawatt," he said. The minister said that Nepal's major electricity markets are India and Bangladesh. Around 70 experts from various countries are making their presentations during the summit. Independent Power Producers Association Nepal (IPPAN), the organizer, stated that eminent experts from Nepal, China, India, Bangladesh, Bhutan, Japan, the Netherlands, United States, Canada, and Norway are taking part during the summit. The event will be held on November 21 and 22 under the theme "Powering the Asian Century". Over 700 guests from various countries are expected to participate during the summit. IPPAN Chairperson Shailendra Guragain said that the experts are scheduled to deliver their deliberations on a number of topics including regional power trade, electricity market, regulation, and financing, sustainable development, execution and facilitation of the energy projects in the federal structure, foreign investment in hydropower and among others. "All the preparations for the summit are underway," he said. The summit is being organized under the patronage of Nepal government's Ministry of Energy, Water Resources and Irrigation     Source:
Financing agreement of $453.2 million for Upper Trishuli-1 signed
Nine international banks and financial institutions are making an investment in what appears to be the largest foreign direct investment (FDI) in the hydropower sector. A financial agreement of US$ 453.2 million (approximately Rs 51.30 billion as per Friday’s exchange rate) between Nepal Water and Energy Development Company Private Limited (NWEDC) with nine international banks and financial institutions led by International Finance Corporation (IFC) for 216 MW Upper Trishuli-1 Hydropower Project was signed in Kathmandu on Friday. Representatives from IFC, Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Export-Import bank of Korea (K-EXIM), Korea Development Bank (KDB), CDC Group PLC (CDC), Netherlands Development Finance Company (FMO), PROPARCO Development Financial Institution, and the OPEC Fund for International Development (OFID) signed the agreement for the loan financing of Upper Trishuli-1 Hydropower Project. Arranged by IFC, the loan agreements were signed to provide a total loan amount of $453.2 million for the project. Loans amounting to $161.3 million from IFC, $60 million from ADB, $39.6 million from AIIB, $100 million from K-EXIM, $30.8 million from KDB, $21.9 million from CDC, $15.4 million from FMO, $11 million from PROPARCO, and $13.2 million from OFID have been provided for the project. Speaking at the agreement signing ceremony, Minister for Energy, Water Resources and Irrigation Barshaman Pun said the project was a game changer as it served as an example of how the private companies could help Nepal expand its hydropower sector and attract the much needed FDI. He assured of the support, assistance, and coordination needed to expedite the process to meet the timeline set by project development agreement (PDA) for the financial closure. The hydropower project located in Rasuwa district will generate annual energy of 1,533 GWh from three power generating units of total installed capacity 216 MW. Total 38.75% of the annual capacity will be generated in dry season and the remaining 61.25% will be generated in wet season. The delivery point of such energy generated is the under-construction Trishuli-3B Hub substation in Nuwakot. Prime Minister Khadga Prasad Oli, in a video message, said it was one of the largest FDI projects of the country. “The project is important as additional 9 million people will benefit as the project comes into operation,” he said. The project includes 29.5m high dam in Trishuli River, 9.7 kilometer-long headrace tunnel, 292 meter-high vertical pressure tunnel and an underground powerhouse. The project site is located near the Kathmandu load center and can provide a firm power of 104 MW all round the year. The PDA of the project was signed between the government and the company on December 29, 2016. The Power Purchase Agreement (PPA) was signed between the company and Nepal Electricity Authority (NEA) on January 28, 2018 based on the posted rate of NEA. Addressing the signing ceremony, Finance Minister Yuba Raj Khatiwada said the project was a pilot project for bigger projects. “The project needs to be taken as a trial project in order to build confidence for bigger projects,” he said, “We are working on creating investment friendly regulations and have been very clear about the PPA policy including PPA in US dollar terms.” He said that land and forest acquisitions have been made very simple. According to NWEDC, the construction of the project will commence after the approval of the Financing Agreements by Nepal Rastra Bank and after the fulfillment of other conditions in the signed Financing Agreement documents. The scheduled construction period of the project is 5 years. A joint venture of Korean companies – Daelim Industrial Co Ltd and Kyeryong Construction Industrial Co Ltd will carry out the main construction works.   Source: