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NEWS UPDATES Asean Affairs        26  March 2011

Philippine company spans globe for geothermal projects

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Energy Development Corp. (EDC) will vie for geothermal concessions in Chile.

The Philippines' largest geothermal energy developer recently incorporated a new subsidiary, EDC Chile, to scour for potential projects in the South American nation.

"EDC Chile was created for the purpose of exploring, evaluating and extracting mineral or substance to generate geothermal energy," EDC said.

Based on the Chilean government's bidding rules, EDC, as the mother company, should show it can support its unit financially before participating in a geothermal auction.

EDC said it already issued an $80 million letter of credit to its subsidiary.

Besides Chile, EDC was also invited to bid for geothermal contracts in Kenya.

"There's nothing definite yet on this. But we have been invited to a bidding in Kenya," Richard Tantoco, EDC president and chief operating officer, said.

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This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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