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China cashes in on Hutgyi
China and Thailand have recently signed an MOU for joint investment in the construction of the $ 1 billion Hutgyi dam....
No.16 - 06/2006
28 June 2006
Environment
The Memorandum of Understanding was signed between Kraisri Kanasut, Governor of Electricity Generation Authority of Thailand (EGAT) and Huang Baodong, President of Sinohydro Corporation, said Viset Chupiban, Thailand’s Minister of Energy. Apart from boosting energy security, Egat, Sinohydro and Burma’s Ministry of Electricity # 1 would jointly conduct social and environmental impact assessments and design a suitable agricultural project for the local people.
The dam is expected to be constructed in 2007-2008 and ready to sell power to Thailand by 2012. According to preliminary studies, the dam will be able to generate 1,000-1,200 megawatts of electricity. Due to cheap supply from its neighbor, the kingdom would be able to cut back $ 700 million spent annually on power, he said.
Thailand’s quota in the investment will be 50%, China 40% and Burma 10%.
Besides Hutgyi, Thailand is planning to build 3 more dams on the Salween, 2 in the Karen State and 1 in Shan State.
28 June 2006
Environment
China cashes in on Hutgyi
China and Thailand have recently signed an MOU for joint investment in the construction of the $ 1 billion Hutgyi dam on the Salween inside Burma’s Karen State, reported Manager Online yesterday, 27 June 2006.The Memorandum of Understanding was signed between Kraisri Kanasut, Governor of Electricity Generation Authority of Thailand (EGAT) and Huang Baodong, President of Sinohydro Corporation, said Viset Chupiban, Thailand’s Minister of Energy. Apart from boosting energy security, Egat, Sinohydro and Burma’s Ministry of Electricity # 1 would jointly conduct social and environmental impact assessments and design a suitable agricultural project for the local people.
The dam is expected to be constructed in 2007-2008 and ready to sell power to Thailand by 2012. According to preliminary studies, the dam will be able to generate 1,000-1,200 megawatts of electricity. Due to cheap supply from its neighbor, the kingdom would be able to cut back $ 700 million spent annually on power, he said.
Thailand’s quota in the investment will be 50%, China 40% and Burma 10%.
Besides Hutgyi, Thailand is planning to build 3 more dams on the Salween, 2 in the Karen State and 1 in Shan State.
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