Page 11 - AsiaElec Week 05

AsiaElec
NEWS IN BRIEF
AsiaElec
EXPORTS
Lao electricity exports increase 145%
From 2016 to 2020, Laos expanded electricity capacity to 6,457 MW for export markets, which represents an increase of 145% over the previous ve-year period.
Lao Ministry of Energy and Mines earned more than 130bn Lao kip ($14mn dollars), up 35% compared to 2011-2015.
Lao Minister of Energy and Mines Khammany Inthirath reported the results
on Tuesday at a ve-year review meeting on energy and mine development plans for 2016- 2020.
Local daily Vientiane Times on Wednesday quoted Khammany as saying that Laos has expanded electricity transmission lines, which now extend over 65,563 km with 71 stations.
On the back of these results, the ministry is looking to implement its energy development strategy to meet increasing domestic supply and export demand.
e governments of Laos and ailand have signed a power trade agreement for 9,000 MW by 2030.
Laos currently supplies over 5,620 MW of electricity to ailand. In 2022, the ministry will increase exports to ailand via two hydro plants -- 520 MW from the Nam eun hydropower 1 plant and 480MW from the Nam Ngum hydropower 3 plant, according to the report.
GAS-FIRED GENERATION
Chinese in talks on Thai IPP project
ai-Chinese joint venture CG Corporation is in talks with ai independent power producers (IPPs) to form a business partnership for a power generation system in the CPGC industrial estate.
Founded with paid-up capital of 2bn baht, CG Corporation is a joint venture between CP Land, the property arm of Charoen Pokphand Group, and China’s Guangxi Construction Engineering Group.
CP Land owns a 50% stake, the Chinese group holds 48% and a local subsidiary, Guangxi Construction Engineering Yian ailand, accounts for the remaining 2%.
e new industrial estate, CPGC, is being developed on a plot of 3,086 rai in Ban Khai and Nikhom Phatthana districts in Rayong.
is project is estimated to cost 10bn baht to develop, approved by the Industrial Estate Authority of ailand.
Sunthorn Arunanondchai, CG Corporation’s chairman, said the new power project is planned to have an installed capacity of 100 megawatts to supply plants and factories in the industrial estate.
“ is venture will be concluded with IPP companies in the rst quarter of 2021 and the power project will begin construction in 2022,” he said.
“ e company plans to develop this power project in three phases and the rst development will have installed capacity of 38MW.”
AG&P expands low-capex
solutions for bunkering and
LNG-to-power vessels
Atlantic Gulf and Paci c (AG&P), the global downstream gas and LNG logistics company, is expanding its portfolio of proprietary technologies for small-scale bunker vessels and LNG-to-power barges in response to growing global demand for cleaner and cheaper fuel. In the past year, AG&P and majority-owned GAS Entec have been awarded contracts for key LNG components of, among others (i) Japan’s rst LNG bunker vessel, (ii) Asia’s largest bunker vessel that will operate in Singapore, and (iii) multiple LNG carrier (LNGC) conversions to oating storage and regasi cation units (FSRUs) to be deployed in Africa and to power electricity grids in di erent markets.
“AG&P’s goal is to bring LNG to new markets. One of the missing links has been the capability to import and distribute LNG in an a ordable and smaller volumes to non-traditional and o -grid customers. Our unique technologies bring isolated consumers clean, a ordable gas, while giving suppliers access to new markets and revenue streams,” said Chong-Ho Kwak, CEO of Gas Entec during the Global LNG Bunkering Summit held in Amsterdam, Netherlands.
“Our integrated, low-capex solutions drive down LNG equipment and transport costs, which not only reduce overall project costs, but has the potential to lower the delivered cost of LNG per mmBtu for the customer,” Mr. Kwak added.
AG&P Vice president for business development Nishant Sharma commented: “To meet the needs of project owners
and investors, solutions must be scalable
to minimise surplus capacity and enable investment to match market growth. To sustain demand creation, producers of LNG must also be able to access smaller and more dispersed categories of consumers, bypassing the major intermediaries.”
ATLANTIC GULF AND PACIFIC
Delta Offshore receives
investment registration
certificate
Further to the attached Press Release
from Delta O shore Energy (DeltaOE), Lique ed Natural Gas Ltd (LNGL) wishes
to congratulate Delta O shore Energy on
the receipt of the investment registration certi cate (IRC) for their 3,200-MW LNG-to power project in Vietnam’s Bac Lieu Province.
LNGL understands that the IRC is the
nal regulatory approval required for the Bac Lieu project. LNGL also wishes to express gratitude to the members of the Bac Lieu Province People’s Committee and the National Steering Committee on Vietnam’s Energy Development for their approval of DeltaOE’s IRC following the recent inclusion of the Bac Lieu project in Vietnam’s Power Development Plan 7 Revised (PDP7R).
LNGL and DeltaOE have signed a nonbinding memorandum of understanding (MOU) for the delivery of 2mn tonnes per annum (mtpa) of US lique ed natural gas (LNG) from Magnolia LNG (Magnolia) to the Bac Lieu Project.
DeltaOE is negotiating a 25-year power purchase agreement (PPA) with Electricity Vietnam Group (EVN) to underpin
the Bac Lieu Project, and concurrently progressing a binding sale and purchase agreement (SPA) with LNGL for 2 mtpa
from Magnolia. e SPA will (once agreed) remain subject to LNGL making a “Financial Investment Decision” as described in LNGL’s announcement dated October 11, 2019. LNGL Executive Chairman, Managing Director, and CEO, Greg Vesey commented: “With signi cant end-user LNG demand, Vietnamese and Southeast Asian customers are a major priority for LNGL, and we will continue our e orts to grow our potential commercial opportunities in the region beyond the existing MOU. Delta O shore Energy is leading by example becoming the rst registered energy infrastructure project in Vietnam to be fully supported through foreign direct investment, mainly from the United States. We remain very pleased to be part of this momentous undertaking.”
LIQUEFIED NATURAL GAS LTD
HYDRO
Ethiopian PM inaugurates Chinese-built 254 MW dam
Ethiopian Prime Minister Abiy Ahmed has inaugurated the Chinese built 254 Mega Watts (MW) Genale Dawa III hydro dam project.
Week 05 05•February•2020
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