By Asia News Network
Myanmar’s Electricity and Energy Minister Phay Zin Htun proposed to Parliament on Monday a memorandum of understanding for setting up power grid connections for electricity trade among Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) member countries.
The memorandum of understanding is supposed to initiate a framework for sharing sustainable power among seven Bimstec members – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
The framework includes trading electricity at an affordable price and cooperating in the implementation process.
A member will be able to cut expenses in the production and transmission of electricity, sell power to other members under promising trade conditions, tap sustainable energy sources in the region, boost cooperation among member states and set a new rate of electricity charges across the region, the minister explained. – Myanmar Eleven
MAG seeks new airline
for pilgrim charters
Malaysia Airlines Group (MAG) is seeking internal candidates to run a new airline dedicated to fly Muslim pilgrims to Mecca using its surplus fleet of A380 super jumbos.
“We will apply for a new airline operating certificate (AOC) in the first quarter of next year,” Malaysia Airlines Bhd (MAS) chief executive officer Peter Bellow said in an internal memo to his staff.
“We are looking for a super start-up team to get this airline up and running,” he said, adding that the positions are open to internal candidates.
The airline group, which owns MAS, will phase out the A380 aircraft from its London route, which has remained unprofitable, by 2018 due to intense competition mainly from Middle Eastern carriers, and replace them with the smaller A350 aircraft.
The new airline venture, if successful, could spur other airlines to do the same and create a new second-hand market for the A380 aircraft, as MAG will add more planes to its fleet.
Capa Centre for Aviation said MAS was hoping to attract a combination of foreign and local investors to take control of the planned new airline and all six A380s. – The Star
Ford reports record sales
in Vietnam in October
US carmaker Ford reported sales in Vietnam rose by 14 per cent year-on-year in October to 2,430 units, its best-ever monthly numbers.
In the year-to-date, the US company has seen sales soar by 50 per cent to 23,527 vehicles with the country remaining one of the fastest growing markets.
“Our full line-up of class-leading Ford vehicles continues to attract a wide range of Vietnamese customers who appreciate the unmatched value in their respective segments” said Pham Van Dung, managing director of Ford Vietnam.
The wide appeal of the segment-defining Ranger continued in October with monthly sales rising 13 per cent year-on-year to 1,136 units.
The Transit commercial van also delivered a record month with 605 units, pushing the year’s sales up 36 per cent to 5969 units. — Viet Nam News
VN scraps Ninh Thun
nuclear power project
Vietnam’s National Assembly has adopted a resolution cancelling a project to build the Ninh Thun nuclear power plant, said Chairman of the Government Office Mai Tin Dung, at a news conference on Tuesday.
The project, approved by the assembly in 2009, called for two nuclear power plants to be built in the southcentral province of Ninh Thun, with a capacity of 2000 MW each, to supply power for the national grid and contribute to the nation and the province’s socio-economic development.
The decision to scrap the project stems from the country’s current economic situation, according to Dung.
The development of the national macro-economy has undergone many changes since the project was adopted and now there are other ways to save power such as the option of trading power supply with neighbouring states. In addition, renewable energy - solar and wind power - have become more economically feasible as prices have dropped in the past five years. |– Viet Nam News