Energy

Electricity production

Gas Imports Grow to Nearly 1M Tons This Year

Oil imports to Cambodia in the first half of the year increased 22 percent to nearly 1 million tons compared to the same period last year, according to figures obtained yesterday from the Ministry of Commerce. According to the data, Cambodia imported 922,860 tons of gas ...

World Bank raps dam study firm

The World Bank has blacklisted an arm of the company that carried out a much-criticised study into the Xayaburi hydro dam project, it has confirmed. According to the bank’s website, Pöyry Management Consulting Oy Finland has been banned from conducting business with the bank for three ...

http://www.phnompenhpost.com/index.php/2012072057536/National-news/world-bank-raps-dam-study-firm.html

Laos Postpones controversial development project of Xayaburi dam: Lao Foreign Minister said

Lao Foreign Minister Dr. Thongloun Sisoulith said on Friday that Laos has postponed the controversial development project of Xayaburi Dam Cambodia and Vietnam expressed their shared concerns about the construction project of the dam, which could damage and affect the environment, natural resources, and living condition of the people at the lower countries. ...

http://thesoutheastasiaweekly.com/

Yingluck vows to halt Xayaburi

The Thai company set to build Laos’s Xayaburi hydropower dam will not begin construction until a study determines the dam’s environmental effects on the Mekong River, Thai Prime Minister Yingluck Shinawatra said on Friday. Yingluck reaffirmed her commitment to the study, which Mekong River Commission countries ...

http://www.phnompenhpost.com/index.php/2012071657443/National-news/yingluck-vows-to-halt-xayaburi.html

Laos only ‘surveying’ Xayaburi

Laos has denied it is pushing forward with the controversial Xayaburi hydropower dam in violation of international legal obligations, the country’s state media reported on Friday. Under a 1995 agreement with Cambodia, Vietnam and Thailand, Laos was obligated to not begin construction without a prior ...

http://www.phnompenhpost.com/index.php/2012070957302/National-news/laos-only-surveying-xayaburi.html

Official Says Electricity Prices Set to Increases

State power company Electricite du Cambodge (EDC) plans to increase the price of electricity to make up for a drop in revenue this year, according to a Ministry of Industry, Mines and Energy official. “This year, oil prices went up, which meant the EDC did not ...

Chevron aims for 2016

Oil production in Cambodia may not begin until 2016, or at least three years after the originally appointed date, Chevron officials reportedly said at a Ministry of Environment meeting on Friday. Government officials yesterday confirmed the feasibility of the time frame. If Chevron Overseas Petroleum Cambodia gained ...

http://www.phnompenhpost.com/index.php/2012070257137/Business/chevron-aims-2016.html

Cambodian villagers protest controversial Laos dam

Cambodian villagers demonstrated on Friday against a controversial Lao hydropower dam that activists say is being built in defiance of an agreement to assess its potentially damaging impact on millions of people first. About 200 villagers whose livelihoods depend on the Mekong River urged a halt ...

http://www.reuters.com/article/2012/06/29/us-cambodia-laos-idUSBRE85S0FX20120629

China to back Kampot power plant

An unnamed Chinese investor will put nearly US$400 million into a 300-megawatt coal-powered plant in Kampot province, officials said yesterday. The plant, slated for a November groundbreaking, will provide power for the Kampot Special Economic Zone, the nearby Prey Nob oil refinery in Preah Sihanouk province ...

http://www.phnompenhpost.com/index.php/2012061956867/Business/china-to-back-kampot-plant.html

Tourism for fourth months of 2012

Report from tourism ministry said: in 2011, it gained 2.8 million tourist arrivals and harvested for 1.9 billion US dollars. For fourth months of 2012, we received over 1, 272,514 foreign tourists, an increase of over 27 percent if comparing the same period of last year. Tourism industry offered direct jobs of 350,000. Ministry urged to ...

http://thesoutheastasiaweekly.com/

Union out of loop in MoU negotiations

The garment industry could be close to renewing an industrial relations memorandum of understanding, but an independent union believes it is being edged out of negotiations because it opposes the use of short-term and fixed-duration contracts. Ath Thorn, president of the Cambodian Labour Confederation, said yesterday ...

http://www.phnompenhpost.com/index.php/2012060756657/National-news/union-out-of-loop-in-mou-negotiations.html

Officials say Cambodia's price rises manageable

Cambodia’s inflation rose by 5.49 per cent year-on-year in the first quarter of the year, due to increases in food and fuel prices, according to the monthly data from the National Institute of Statistics compiled by the Post. However, economists and government officials said they were ...

http://www.phnompenhpost.com/index.php/2012060556580/Business/officials-say-price-rises-manageable.html

Samdech PM Appeals Aligning Oil Price to Food Price

Samdech Prime Minister Hun Sen appealed to the world to harmonize energy prices to food prices as food production shouldn’t outstrip the consumption of volatile fuels while food price remains stable, at the 4th workshop on food security and nutrition. Calling it “The Phnom Penh Initiative,” Prime Minister Hun Sen requested that the issue be ...

http://thesoutheastasiaweekly.com/

Cambodia’s largest MFI boosts green farming loans

Cambodian microfinance institution PRASAC says it is bolstering its green credentials by increasing loans for eco-friendly farming methods in the kingdom. President and CEO of PRASAC, said the institution is “committed to providing and developing more green financing to the rural people for their livelihood ...

http://www.phnompenhpost.com/index.php/2012060156521/Business/cambodias-largest-mfi-boosts-green-farming-loans.html

Oil factory fire causes significant damage

A worker was slightly injured and more than US$100,000 in property destroyed yesterday in a fire at an oil factory in Kandal province’s Ang Snuol district, police said. Thach Phalla, Ang Snuol district deputy police chief, said the fire started at noon when some oil overflowed ...

http://www.phnompenhpost.com/index.php/2012052256302/National-news/oil-factory-fire-causes-significant-damage.html

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