Energy

High Floodwaters Spread to Siem Reap, Battambang and Pailin

Flooding spread over the weekend as storms hit the country meaning Siem Reap, Battambang and Pailin have all been added to the list of provinces affected by high waters. In Siem Reap province, Nuon Krisna, director of the provincial department of water resources and meteorology, said ...

Ben Sokhean and Simon Henderson
http://www.cambodiadaily.com/news/high-floodwaters-spread-to-siem-reap-battambang-and-pailin-44466/

Banteay Meanchey Dam at Risk of Breaking, Inundating Villages

Hundreds of police and soldiers have been working around the clock since Wednesday to prevent a major dam built during the Khmer Rouge period in Banteay Meanchey province from breaking and flooding as many as eight surrounding villages, officials said Thursday. Heavy rains, compounded by floodwaters ...

Ben Sokhean
http://www.cambodiadaily.com/news/banteay-meanchey-dam-at-risk-of-breaking-inundating-villages-44409/

Cambodia Verifies the World’s First VCS Triple Gold CCB Avoided Deforestation Project

SAN FRANCISCO — The Oddar Meanchey REDD+ (Reduced Emissions for Deforestation and Degradation) project in Cambodia is the first in the world to complete verification of emission reductions under the Verified Carbon Standard (VCS) with a triple gold Climate, Community and Biodiversity (CCB) accreditation for emission ...

The Herald Staff
http://www.heraldonline.com/2013/09/24/5239878/cambodia-verifies-the-worlds-first.html

‘SolarTuk’ coming in March

Solar-powered tuk-tuks could be rolling off the assembly lines in Phnom Penh as early as March next year, allowing local tuk-tuk drivers a cost-effective and greener alternative to using petrol, according to the company manufacturing the vehicle. Star 8, the Australia-based alternative energy firm behind the ...

Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/%E2%80%98solartuk%E2%80%99-coming-march

First hedging deal transacted

ANZ Royal Bank has transacted a landmark commodities hedging deal with a local oil importer, officials at the bank said yesterday. The deal allows the company, whose name ANZ Royal would not disclose, citing confidentiality agreements, to lock in an agreed price for the future sale ...

Daniel de Carteret
http://www.phnompenhpost.com/business/first-hedging-deal-transacted

Tuk-tuks to be solar-powered

Australian green energy company Star 8 has designed a solar-powered tuk-tuk and is in the process of building a factory in Cambodia to make the vehicles, according to a report in Australian newspaper The Age. The vehicles’ makers said the tuk-tuks will cost between A$2,000 (US$1,865) ...

Daniel de Carteret
http://www.phnompenhpost.com/business/tuk-tuks-be-solar-powered

Protest gets injection of energy

What had been a relatively subdued gathering at Freedom Park yesterday became a jubilant celebration as opposition leaders Sam Rainsy and Kem Sokha delivered the news of fruitful discussions with the government to party faithful. Despite much-diminished crowds – and the sobering events of Sunday night ...

Stuart White and Meas Sokchea
http://www.phnompenhpost.com/national/protest-gets-injection-energy

Singapore Invests in New Cambodian Bank

An investment company owned by the Singaporean government is a minority partner in a fully licensed commercial bank set to open later this month in cooperation with Canadia Bank PLC and the country’s postal service, a source familiar with the deal confirmed Tuesday. Fullerton Financial Holdings, ...

Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/singapore-invests-in-new-cambodian-bank-42137/

Rice plots blocked at dam site

In a first step toward clearing villagers from land intended for a planned Koh Kong provincial hydroelectric dam, a Chinese development firm has blocked a road leading to plots where villagers have continued to harvest rice. Officials from Tianjin Union Development Group, which was awarded a ...

Sen David
http://www.phnompenhpost.com/national/rice-plots-blocked-dam-site

Drop-off in beverage imports questioned

Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...

Hor Kimsay
http://www.phnompenhpost.com/business/drop-beverage-imports-questioned

Businessmen Charged Over Mining Deal Fraud

The Phnom Penh Municipal Court has charged the Cambodian chairman of a local conglomerate and a Chinese business associate with fraud and using forged public documents, officials said Wednesday. Al Romny, 41, and Chinese national Chin Mongxin, 45, were arrested Saturday after an un­known complainant said ...

Eang Mengleng and Simon Lewis
http://www.cambodiadaily.com/news/businessmen-charged-over-mining-deal-fraud-41261/

UK to Request Extradition of Biofuel Company’s Chairman

The U.K.’s fraud office plans to request the extradition of a British national currently detained in Cambodia, after it brought charges against four people for their part in a $36 million Ponzi scheme involving a biofuel plantation. Gregg Fryett was arrested in Phnom Penh in March ...

Simon Lewis
http://www.cambodiadaily.com/news/uk-to-request-extradition-of-biofuel-companys-chairman-40796/

UK to Request Extradition of Biofuel Company’s Chairman

The U.K.’s fraud office plans to request the extradition of a British national currently detained in Cambodia, after it brought charges against four people for their part in a $36 million Ponzi scheme involving a biofuel plantation. Gregg Fryett was arrested in Phnom Penh in March ...

Simon Lewis
http://www.cambodiadaily.com/news/uk-to-request-extradition-of-biofuel-companys-chairman-40796/

Blending may fuel energy sector

A container storage facility off the coast of Preah Sihanouk province that allows Cambodia to blend oil before export could hold the key to sustainable growth in the country’s nascent energy sector, according to a Danish oil and gas expert. With Chevron positioned to lead offshore ...

Daniel de Carteret
http://www.phnompenhpost.com/business/blending-may-fuel-energy-sector

Cambodian needs effective policy measures for power sector: report

Cambodia requires effective policy measures to accelerate its development plans for the power sector, according to the summary of a market research report distributed Saturday. UK-based PR Carbon said the report noted that Cambodia’s power sector comprise targets for developing a national power grid to distribute ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTNkZjkxMjU2OTc

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