Ratchaburi Electricity Generating Holding Plc has entered into a shareholder agreement for a cogeneration small power producer (SPP) project with capacity of 122 megawatts of electricity and 15 tonnes per hour of steam. The country’s largest independent power producer holds 40% in the new venture, Nava Nakorn Electricity Generating (NNEG), while industrial estate operator Nava […]
Continue ReadingSolar power here would climb to 150 megawatts by year-end from 60MW at present, Krairit Nilkooha, director-general of the Alternative Energy Development and Efficiency Department, told the third meeting of the two-day Asia Solar Energy Forum in Bangkok yesterday. Bangchak Petroleum’s 38MW and Natural Energy Development (NED)’s 55MW solar farms are scheduled to go online […]
Continue ReadingValuation prices for land on Bangkok’s outskirts could rise by up to 50% as new mass-transit routes arrive, according to Winai Wittawatkaravet, the director-general of the Treasury Department. Demand from property developers for key plots along new light rail routes will be the main driver for higher valuations, judging from past price trends from the […]
Continue ReadingOn the heels of a highly successful Australian Event, Martin Kelly is bringing the hospitality conference “No Vacancy” to Bangkok on Tuesday June 7th. A number of experienced hospitality experts including David Keen/Keen Media, Craig Hewett/Wego, Bill Barnett/C9 Hotelworks and others from well known firms Agoda, Anantara, STR Global, ACCOR, Dusit, Centara and Hoteltravel.com will […]
Continue ReadingThe Erawan Group has outlined a fiveyear investment plan to take on seven new hotels and to sell five existing properties. The group expects to spend Bt7 billion to Bt10 billion on new investment in its hotel business between now and 2015. The number of hotels will rise from 13 this year to 15 within […]
Continue ReadingThe Joint Foreign Chambers of Commerce in Thailand (JFCCT) should be congratulated for raising the issue of foreign ownership and seeking to improve inbound real estate investment into Thailand. CB Richard Ellis (CBRE) Thailand adds our wholehearted support to a review of Thailand’s policy regarding foreign ownership. CBRE Thailand would like to state, on behalf […]
Continue ReadingThailand’s solar-power output is set to soar by more than 200MW after Solar Power Company (SPC) revealed plans to raise capital to finance development following the completion of its reverse takeover of Steel Intertech. SPC is raising up to 24bn baht ($788m) through a range of financial instruments, including bond issues, private placements and loans, […]
Continue ReadingThe Suvarnabhumi Airport Rail Link will reduce its fare for the Express Line to 150 THB per roundtrip from 1 June onwards in a bid to boost the number of passengers. Deputy Governor of the State Railway of Thailand (SRT) Pakorn Tangjetsakao, as Acting Chief Executive Officer of SRT Electrified Train Co. Ltd, announced that […]
Continue ReadingThe Civil Court has issued an order that construction of the 47-storey “The Issara” condominium in Bangkok’s Soi Lat Phrao 1214 be halted after 5pm every day, after a criminal court judge filed a lawsuit against the project owner and contractor seeking Bt4 million in compensation. The court Wednesday notified three of the six defendants […]
Continue ReadingJoint venture company Bukit Asam Transpacific Railway has launched the land acquisition process for its 307 km coal railway in southern Sumatra, Special Advisor to the Board Dr Julison Arifin told the Modern Railways conference in Bangkok on May 24. Intended as a heavy haul railway to move coal ‘in abundance’, the line will link […]
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