Energy
Benefits from ‘black gold’- Revenue from Cambodian oil fields could provide a big boost to development, if it’s done right
If Cambodia’s oil and gas sector is well managed, and transparent, it could provide the country a golden opportunity for investment, development and poverty reduction, said independent economist Chan Sophal, who spoke at a recent gathering looking at the economies of oil-producing countries. Chan Sophal said ...
Vietnam asks Laos to review impacts of hydropower dam
Viet Nam has urged Laos to continue its research on the environmental impacts of the planned Xayaburi Dam on the Mekong River. Vietnamese Foreign Ministry spokesperson Luong Thanh Nghi made the statement at a regular press briefing in Ha Noi yesterday when answering a question ...
Chinese Company Behind Stung Treng Dam
A Chinese hydropower company, identified as Consultant CECCI, along with Royal Group and Vietnamese power giant Electricity Vietnam International (EVNI), will be in charge of the Lower Sesan 2 dam construction project in Stung Treng province, as well as the relocation of the 5,000 affected ...
Despite Environmental Concerns, Xayaburi Breaks Ground
Lao officials and executives of a Thai construction company conducted a groundbreaking ceremony yesterday in Xayaburi to inaugurate the first dam to be built on the lower mainstream Mekong, putting to one side concerns that the dam could devastate fisheries in Cambodia and Vietnam. Prior to ...
Construction of Lower Sesan Dam in Stung Treng to Start in 2014
Construction of the Lower Sesan 2 Dam in Stung Treng province will begin in 2014 and the government will spend next year relocating some 5,000 people from villages that are located in the dam’s future reservoir area. Located near the confluence of the Sesan and Srepok ...
Laos holds "groundbreaking" ceremony for contentious Mekong dam
Laos held a “groundbreaking” ceremony on Wednesday for a $3.5 billion hydropower dam on the Mekong River that is opposed by environmentalists and some neighbouring countries because of the possible impact on livelihoods, fisheries and agriculture. But it was unclear when actual construction of the contentious ...
http://www.reuters.com/article/2012/11/07/laos-dam-idUSL3E8M77GG20121107
Chorus of complaints greet Xayaburi plans
The US yesterday criticised Laos for announcing it will begin building the 1,285-megawatt Xayaburi dam on the Mekong River today without studying its potential effects on Cambodia and Vietnam. A spokesperson from the US State Department in Washington said the government was concerned construction of the ...
Concerns mount over dam
Sketchy details that fail to specify when construction of the Lower Sesan 2 hydro dam will begin, or name the Chinese company involved, have villagers fearing for their future, representatives and environmental groups say. Since the Council of Ministers announced on Friday it had signed off ...
http://www.phnompenhpost.com/index.php/2012110559575/National-news/concerns-mount-over-dam.html
Cambodia: Mineral, Metal and Fuel Resources
Cambodia, with a total population of 14,952,665 as of July 2010, is located in Southeastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos. The country mostly has a tropical climate and covers a total area of 181,035 km2 Cambodia’s key natural resources include ...
Laos approves Xayaburi 'mega' dam on Mekong
Laos has given the go-ahead to build a massive dam on the lower Mekong river, despite opposition from neighbouring countries and environmentalists. A formal ceremony marking the start of full construction at Xayaburi would be held on Wednesday, the government said. ...
US criticizes Laos decision to build Mekong dam
The United States on Monday criticized a decision by the struggling Asian nation of Laos to build the first dam across the mainstream of the Mekong River, a project that environmentalists warn could affect tens of millions of livelihoods and trigger a dam-building spree along ...
http://www.huffingtonpost.com/huff-wires/20121105/us-us-laos-dam/
Dam Firm Told to Build Homes for Affected Communities
Prime Minister Hun Sen has said that the company responsible for building the Lower Sesan 2 dam in Stung Treng province will be in charge of constructing homes for thousands of villagers that will be displaced according to a statement Friday by the Council of ...
A Dam Conundrum: Xayaburi Project Could Help Laos And Thailand, Hurt Cambodia And Vietnam
Officials in Laos announced that construction of the controversial Xayaburi dam will begin with a kickoff ceremony at the construction site Wednesday. Protests from human rights activists and environmental groups have delayed the project for 18 months, but the joint Laotian and Thai project is apparently ...
Cambodia spends $1.22 b to buy oil in 9 months
Cambodia spent $1.22 billion to purchase petroleum from foreign suppliers in the first nine months of this year, a 18 percent rise compared with $1.03 billion it spent during the same period last year, a Commerce Ministry’s report showed Monday. ...
Sesan Dam Approval Angers Villagers, Human Rights Groups
The government approved the Lower Sesan 2 dam project in Stung Treng province without any prior consultation with the most affected communities in Sesan district, where at least 5,000 people stand to be displaced, rights groups and villagers said yesterday. A study published earlier this ...
http://www.cambodiadaily.com/news/sesan-dam-approval-angers-villagers-rights-groups-5231/
Workshop Calls for Revenue Transparency in Oil, Gas Sector
The government and private companies are being encouraged to adopt a voluntary initiative in order to make revenues generated by the extractives sector more transparent. The workshop on the Best Practice of Governance in Extractive Industries and Revenue Management, which was held in Phnom Penh on Friday by ...
Government Approves Dam On Lower Sesan
The Council of Ministers on Friday signed off on the Lower Sesan 2 dam project in Stung Treng province, despite long-standing criticism leveled against the project by environmental groups who say it would adversely affect 100,000 people as a consequence of reduced access to fish. The ...
Cambodia approves Lower Sesan 2 hydroelectric dam
Cambodia’s government has approved a controversial hydroelectric dam on a tributary of the Mekong River. The joint venture involves Cambodian, Chinese and Vietnamese investment of $781m (£488m) and is due to be completed within five years. The project in northern Stung Treng province is known as Lower ...
Scrutiny over Finnish firm’s ties to Xayaburi
The Finnish government will investigate multinational consulting and engineering firm Pöyry over its involvement in Laos’s Xayaburi dam project, a letter obtained by the Post yesterday reveals. According to the letter from Finland’s Ministry of Employment and the Economy, dated October 16, a complaint filed by ...
Another major Xayaburi pact
The inking of a €300 million contract for water turbines, and job advertisements marked “urgent” appear to be the latest signs that Laos is powering forward with the Xayaburi hydroelectric dam project on the Mekong River. Assurances the $3.8 billion project was on hold pending further ...
http://www.phnompenhpost.com/index.php/2012103159486/National-news/another-major-xayaburi-pact.html
Cambodian Oil Transparency Group Sponsors Annual Conference
Cambodians for Resource Revenue Transparency (CRRT) will host a one-day National Conference Nov. 2 on the Best Practice of Governance in Extractive Industries and Revenue Management. The conference, to be attended by representatives from the Association of South East Asia Nations (ASEAN), will also include representatives ...
http://eon.businesswire.com/news/eon/20121030005350/en/oil/gas/mining
Xayaboury dam simulation model unveiled
Scientists and international experts fine-tuning the design of the Xayaboury dam have unveiled a scale model of the planned run-of-river structure to ensure the most efficient level of sediment flushing. The 1:120 scale model simulates actual hydrologic flows and water velocities in the Mekong River at ...
PTT sets Bt6bn budget for 5-year expansion
PTT has set aside up to Bt6 billion to carpet key Asean markets with more than 240 retail petrol stations over the next five years. President and chief executive officer Pailin Chuchottaworn said the company had earmarked spending of between Bt5 billion and Bt6 billion through ...
http://www.nationmultimedia.com/business/PTT-sets-Bt6bn-budget-for-5-year-expansion-30193279.html
Hun Sen Says Cambodia Is Not Ready for Nuclear Power
Prime Minister Hun Sen yesterday denied giving the green light for a neighboring country to construct an electricity-generating nuclear power plant in Cambodia, saying it would be too dangerous. Senior Minister and Vice Chairman for the Council for the Development of Cambodia Sun Chanthol said ...