|Management, an update please on the Dawei project (are you pre-qualified still for gas-fired power plant studies via APU)? And when will APU be taken over by that suitor?|
|latest Dawei article:
|I expect big things this year from AAA (illiquid stock)
They are invested in a company APU which is an energy provider to the proposed Dawai Port
Well, that mega-port project is getting ever closer:
3 Mar 2015
Two Thai construction companies are expected to sign an agreement with the Myanmar government to start developing the first phase of the Dawei megaproject. Somjet Tinnapong, managing director of Dawei...
The first phase will cover 27 square kilometres at a cost of 20 billion baht, he said. "The investment budget will be for infrastructure systems such as a small deep-sea...
All Asia Asset Capital Limited currently holds a minority stake in Andaman Power and Utility Company Limited (“APU”), a privately held company based in Thailand and Myanmar, which operates in the development of utility plants and the provision of electricity.
APU has signed an Memorandum of Understanding (“MOU”) with the Government of the Republic of the Union of Myanmar to act as an electricity and utility provider of Dawei (the capital city of the Tanintharyi Region in Myanmar) and its surrounding cities. APU plans to develop a power plant deploying Combined Cycle Gas Turbine (CCGT) technology to generate up to 500MW of electricity. Under the terms of the MOU, the Myanmar government has agreed to facilitate the project development including commissioning a feasibility study, the provision of gas supply, arrangements for land acquisition, preferential treatment on duties and taxation, purchasing the electricity generated by the utility plant developed by APU and supplying it to the regional and national grid upon completion of the project.
All Asia Asset Capital Limited (AIM: AAA), an investment company focused on investing in the growing markets of the Asia Pacific region, notes the recent press comment in Thailand regarding Andaman Power and Utility Company Limited ("APU"), a privately owned company based in Myanmar and Thailand which operates in the development of utility plants and the provision of electricity. As at the date of this announcement, AAA owns 7.0 per cent. of the issued share capital of APU and has invested a total of US$1.80 million in cash consideration in APU.
The Board of AAA was also recently made aware of an announcement released by CyberPlanet Interactive Public Company Limited ("CyberPlanet"), a company listed on the Stock Exchange of Thailand, that it has convened a shareholder meeting on 30 April 2015 to, inter alia, seek its shareholders' approval for the acquisition of 100 per cent. of the issued capital of APU with the consideration proposed to its shareholders being a total of 340 million Baht in cash (equivalent to approximately US$10.62 million* or £7.11 million*).
In addition to requiring the approval of shareholders of CyberPlanet, the announcement also stated that the proposed acquisition of APU will be subject to, inter alia, share and purchase agreements being entered into between CyberPlanet and the shareholders of APU (including AAA).|
"Such an enormous project in the region’s "prime real estate" is unlikely to be delayed, he concludes.
|Welcome aboard petewy
when the electricity needs of the new port become known, it will add to the momentum I reckon.|
|Taking a punt|
|aaa could explode soon IMO
they have a power plant deal with partner APU (a kind of exclusive framework contract, since last year) for the Dawei port area).
well, ... that mega-port project seems about to get inked...
April 9th, 2015
Maybank Kim Eng Securities (Thailand) cited that ITD stock should surge again after the long public holiday next week, mainly due to the contract signing ceremony for Dawei SEZ in April-May and the negotiation for the co-railway project between Thailand and China in May.
The project will help stimulate the local economy by creating up to 100,000 jobs when the project is completed this year.
|Dawei is the hub of future expansion in the region:
This would see Thailand working to woo Cambodia (which was previously under its influence prior to becoming a French protectorate in 1863) through their deepening bilateral economic links via the eastern vector of China’s ASEAN Silk Road and the Southern Economic Corridor (which links Dawei in southeastern Myanmar to Ho Chi Minh City in southern Vietnam via Cambodia and Thailand).
|reminder (July 2014)
|Dawei port looks odds-on this year:
April 1, 2015
A new deep sea port at the heart of a massive construction project on the Myanmar coast could revitalise trade in Southeast Asia, but at a high cost
If construction goes ahead the US$50-billion Dawei SEZ aims to help Myanmar capitalize on its strategic location between India and China, after years of being deprived of foreign investment as an international pariah under military rule.
The port and industrial facilities, due to be built by Thai real estate giant Italian-Thai Development (ITD), will cover over 200 square kilometres and have the capacity to hold 250 million tonnes of cargo, more than the ports of Los Angeles and New York combined.
"Dawei is critical for regional infrastructure connectivity," said Chayut Setboonsarng, an analyst at a Bangkok-based think tank specializing in Southeast Asia. The zone will also feature factories, its own coal mine and power plant as well as golf courses and five-star hotels for visiting executives. Using Dawei will shortening the travel time of freight from Europe and the Middle East to Asia as it allows goods to bypass the long overseas journey through the South China Sea, which has also been a source of regional tension in recent years.
|rail link for Dawei?
8 Apr 2015
For the Bangkok to Chiang Mai route, Japan proposed a high-speed link since this route would cover 700km, ACM Prajin said. The second project involves a link to the Dawei deep-sea port in Myanmar. Both...
|March 9 2015
something exciting is about to happen?
.... is the last sentence of this piece (about Dawei, where anp (and aaa), among others, are involved in preparing power projects):
Dawei is a key city located on the west coast of Myanmar. For the last few years, Myanmar’s government has planned to build a deep-sea port there, along with an industrial estate and road & rail network that stretches to Thailand.
The first phase will cover about 27km2 and cost about Bt20bn, containing a small deep-sea port, electricity plant, liquefied natural gas (LNG) terminal, reservoirs, a township for workers and a road linking the project to the Thai border.
The project was first proposed in 2008, and in 2012, Myanmar and Thailand signed a memorandum of understanding to establish a special economic zone covering 50,531 acres, with a 60-year concession (extendable) and lease period of up to 75 years.
However, after that, news about the project slowed to a trickle, raising concerns it had been scuppered.
That is now about to change. Construction is hoped to start later this year, and the first phase of the project is expected to be ready by 2020-21.
So what happened? Well, as I’ve written previously, the Dawei project would need Chinese or Japanese investment to successfully take off. Japan has now announced that it will provide technical and financial support to Myanmar. Japan is also likely to offer soft loans to finance construction of a 138km road linking the Thai border with Dawei, and has offered to help Thailand build a new 874km railway linking Myanmar with Cambodia.
When China and Japan are gearing up to get directly involved in the Mekong region at the same time, I think it is fair to assume something exciting is about to happen.
a year ago (in Dawai)
“Despite Thailand and the former military-ruled government of [Burma] signing a joint development agreement in 2008, and work on the SEZ beginning in 2010, there is still little to see at Dawei. The site houses a small port and a few simple buildings connected by dusty, unpaved roads,” said the Bangkok Post in a special report on March 2.
A little-known private company based in Bangkok is the latest to lay claim to becoming the major electricity provider for the Dawei Special Economic Zone—a project to build a regional economic hub in southern Burma that has generated much talk, but little action.
Andaman Power & Utility Company Limited says it has been chosen by the Burmese government to be the “sole electricity and utility provider” for Dawei and its surrounding district.
blue again (price will recover I reckon)
All Asia Asset Capital Limited
07 April 2015
Press Release 7 April 2015
All Asia Asset Capital Limited
("All Asia Asset Capital", "AAA" or the "Company")
Statement re press comment on Andaman Power and Utility Company Limited|
|March 16th, 2015
The board of CyberPlanet Interactive PCL (CYBER) approved to acquire 100 per cent of common shares in Andaman Power and Utility Co (APU) for 340 million baht ($10.49 million). This is the group’s first move to diversify into the energy business, aiming to create more revenue and profit apart from its property development business.
relevance to AAA?
All Asia Asset Capital, an investment company focused on investing in the Asia Pacific region, also increased its stake in APU to 7% of the equity with the acquisition of a 4.5% stake from Chakris Kajkumjohndej.
This proposed takeover of APU by CYBER warrants an RNS from AAA I reckon......................|
|what about a 'we know of no reason for the fall' rns?|
|c'mon lads, give us a trading update.... zzzzz|
|c'mon lads, give us a trading update.... zzzzz|
|if the Dawei project does go ahead this year, then AAA's stake in the gas-fired power plant there could bring them good gains I reckon. Just look how big a hub port Dawei would be for the entire region:
|Myanmar plans 41 new power plants in 15 years
Authorities seek to boost electricity capacity by seven-fold within 15 years, while locals fret over environmental impacts
The Nation - Thailand Tuesday 4 November 2014
Myanmar has mapped a 15-year power development plan to meet increasing demand, setting its sights on boosting capacity from 4,581 megawatts to over 29,000MW in 2031.