Thu. Jun 20th, 2019

Thailand’s biggest wind power generator plans solar, hydro expansion

BANGKOK (Reuters) – Thailand’s biggest wind power generator, Wind Energy Holdings (WEH), plans to invest into other sources of electricity including solar, hydro and biomass to back up its capacity, its chief executive told Reuters in an interview.

Thailand has emerged as Southeast Asia’s leading developer of renewable electricity, with providers obliged to guarantee minimum levels of supply. [restrict]

“The problem with wind in this region is it tends to be night-time wind, so we do need something to balance that mix,” said Chief Executive Emma Collins.

She added that five onshore wind farms with a capacity of 90 megawatts (MW) each would be operational this year, boosting WEH’s total capacity in Thailand to 720 MW. The firm last year secured a $1.14 billion loan from Siam Commercial Bank to finance the development.

WEH is aiming for a total capacity of 3,000 MW by 2025.

IN THE WIND

Thailand has “good wind and great infrastructure”, Collins said in the interview last week.

The country is targeting 3,000 MW of wind energy by 2036, up from around 615 MW in 2017.

It is already Southeast Asia’s leader in solar power use, having broken into the top 15 globally in 2016, with a capacity of more than 3,000 MW, according to the International Renewable Energy Agency (IRENA).

But last year, a court ruling halted energy developments on agricultural land, which affected some of WEH’s projects. Collins said greater clarity was needed on rules regarding land usage by energy firms.

Meanwhile, she said WEH was also targeting 1,000 MW of wind capacity in Australia, requiring investment of around $1.5 billion.

Collins said WEH was also in the early stages of studying opportunities in Vietnam, Cambodia, Laos, Myanmar and Bangladesh.

“We have a massive growth plan, and have to finance it,” said Chief Strategy Officer Aman Lakhaney.

ne way of accessing investment cash would be to list on a public stock exchange in an initial public offering (IPO). [/restrict]


ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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