Latest news with #hydropower
Bloomberg
12 hours ago
- Business
- Bloomberg
Richest Thai Sees $10 Billion Hydro, LNG Projects Driving Growth
Thailand's richest person, Sarath Ratanavadi, expects $10 billion investments in hydropower projects in neighboring Laos and a new domestic liquefied natural gas terminal to drive his business empire's growth. Sarath's flagship company, Gulf Development Pcl, and partners are working with banks on a roughly $9 billion funding plan for three hydro plants with total generating capacity of 3,100 megawatts, he said. Construction on a $1 billion LNG import terminal project — Thailand's third — will start later this year before commercial operations scheduled in 2029.
Malay Mail
a day ago
- Business
- Malay Mail
Abang Jo says Sarawak to co-develop Kalimantan hydropower plan as Indonesia shifts capital
KUCHING, July 30 — Sarawak, through its utility company Sarawak Energy Berhad, has entered into an agreement with PT Adaro Energy Indonesia to jointly develop hydropower projects along the Kayan River in Indonesia's North Kalimantan province, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. He said the collaboration was formalised during his official working visit to Jakarta on Tuesday, where he accompanied Prime Minister Datuk Seri Anwar Ibrahim for the 13th Malaysia-Indonesia Annual Consultation. Highlighting the significance of the cross-border cooperation, Abang Johari stressed the need for Sarawakian engineers to work closely with their Indonesian counterparts. 'Sarawak needs more engineers there to collaborate with engineers from Indonesia. This means we will be working beyond Sarawak's borders,' he said during the launch of the Special Financial Aid (BKK) for Sarawakian tertiary students in Kuala Lumpur today. He also revealed that Japanese firm Sumitomo has expressed strong interest in participating in Sarawak's hydrogen energy industry. According to him, this reflects Sarawak's growing prominence in strategic green energy sectors. He called on Sarawakian youths to prepare for global opportunities in the emerging green economy, particularly in areas such as renewable energy and hydrogen. — The Borneo Post
Associated Press
a day ago
- Business
- Associated Press
IRSA: Lighting Up the Future, Connecting the World Yarlung Tsangpo Hydropower Project Breaks Ground, Marking a New Pinnacle in China's Mega Infrastructure
New York, July 30, 2025 (GLOBE NEWSWIRE) -- According to International Relations Study Association(IRSA), on July 19, 2025, in Motuo County, a remote border town in Nyingchi, Tibet Autonomous Region of China, a single blast announced a feat destined to reshape the global energy landscape—the groundbreaking of the Yarlung Tsangpo Lower Reaches Hydropower Project. Premier of China's State Council Li Qiang attended the ceremony in person, officially launching a mega project that embodies China's far-sighted strategic vision as it enters its construction phase. Massive Investment, Vision for the Long Term The Lower Reaches of the Yarlung Tsangpo Hydropower Project involves a staggering investment of 1.2 trillion CNY (approximately USD 165 billion)—equivalent to the combined cost of five Three Gorges Dams, four Sichuan–Tibet Railways, or ten Hong Kong–Zhuhai–Macao Bridges. The plan calls for five large-scale hydropower stations to be built in cascade along the lower reaches of the river. With a total installed capacity of 60 to 81 gigawatts, the project is expected to generate 300 billion kilowatt-hours of electricity annually, roughly three times the output of the Three Gorges Dam. Slated for full completion by 2035, it will undoubtedly become a transformative force in reshaping both China's and the world's energy landscape, showcasing the Chinese government's long-term commitment to energy security and green development. Unprecedented Challenges, Technology in the Lead Transforming the surging waters of the 'Roof of the World' into clean energy that lights up the future poses engineering challenges at the very pinnacle of human endeavor. Located in a seismically active zone where the Indian and Eurasian tectonic plates collide, the project site has a history of earthquakes exceeding magnitude 8.5. The construction of its tunnels requires traversing 17 geological fault zones deep within the rock strata, with a maximum depth of 3,000 meters. Confronted with such extreme conditions, Chinese engineers have delivered hardcore solutions: all core structures are designed to withstand magnitude 8.5 earthquakes; the 'Tian Kun' mega shield tunneling machine, developed domestically, is set to break world records with a monthly excavation speed of 600 meters; leveraging advanced ultra-high-voltage (UHV) transmission technology, the project will deliver Tibet's clean hydropower over 3,000 kilometers to China's Yangtze River Delta and Pearl River Delta with stability and minimal loss. This monumental undertaking demonstrates China's unrivaled capacity in mega infrastructure and its excellence in cutting-edge technology. Clean Energy, Outstanding Benefits According to the construction blueprint, the five cascade hydropower stations along the lower reaches of the Yarlung Tsangpo will operate in synergy, delivering multiple benefits. At its core lies enormous power generation capacity—producing approximately 300 billion kilowatt-hours of electricity annually, enough to meet the annual electricity needs of 300 million people. The project is expected to reduce carbon dioxide emissions by 300 million tons per year, equivalent to replacing 90 million tons of standard coal. It will provide strong support for China's 'carbon peaking and carbon neutrality' goals, highlighting the country's commitment to global climate governance and its responsibility as a major nation. Meanwhile, the cascade reservoirs will function as a massive 'power battery', effectively smoothing out grid fluctuations and significantly enhancing the stability of the power network in Southwest China, laying a solid foundation for 'transmitting Tibetan hydropower to the rest of the country.' Boosting Domestic Demand, Advancing Shared Prosperity The Yarlung Tsangpo Hydropower Mega Project serves as a powerful engine for stimulating domestic demand and promoting balanced regional development in China. Spanning a 15-year construction period, the project is expected to directly create over 800,000 jobs and indirectly generate employment for more than 3 million people across the upstream and downstream segments of the infrastructure supply chain. It will significantly upgrade Tibet's infrastructure in electricity, water conservancy, and transportation, removing long-standing bottlenecks that have constrained economic growth in southeastern Tibet. The project is projected to contribute over 20 billion CNY in annual fiscal revenue to the region, improving local livelihoods and embodying China's vision of achieving common prosperity for all its people. This strategic endeavor reflects the government's commitment to balanced regional growth and the development of border areas, reinforcing social and economic stability while sharing the dividends of progress. Ecology First, Balanced Development What makes the project especially noteworthy is China's commitment to embedding the principle of 'ecology first' throughout the entire construction process. To minimize environmental impact on the Yarlung Tsangpo Grand Canyon, the project adopts an innovative 'river shortcut and deep-tunnel' approach, with 97% of facilities embedded deep within the mountains, leaving only essential ecological monitoring stations visible on the surface. For the 12 religious sites affected by reservoir flooding, 150 million CNY was invested in high-precision 3D scanning to create permanent digital archives. A comprehensive monitoring network—combining satellites, aerial surveys, and ground stations—has been deployed, with 3,000 high-precision sensors tracking subtle environmental changes such as soil moisture in real time. To ensure riverine ecological health, the project preserves 30% of the natural river channel as a 'life corridor' for fish, while building Asia's longest continuous fishway and artificial breeding facilities, capable of releasing 100,000 rare fish annually. At the same time, 5,000 cubic meters of water per second will be continuously discharged to sustain downstream ecosystems. These meticulous and comprehensive measures highlight China's cutting-edge approach to balancing large-scale development with ecological protection. Multi-Purpose Functions, Benefiting Neighboring Regions The intelligent dispatch system of the Yarlung Tsangpo Hydropower Project manages not only power generation but also regional flood control and disaster mitigation. It can precisely regulate downstream water discharge, reducing the peak flow of a once-in-a-century flood passing through India's Assam State from a daunting 76,000 cubic meters per second to a more manageable 52,000 cubic meters per second, effectively lowering flood risks for downstream communities. By stabilizing river flow, the project also helps mitigate riverbed erosion and reduce the likelihood of geological disasters such as landslides—demonstrating China's responsible approach to the transboundary impacts of water resources. The roar of the Yarlung Tsangpo is also becoming a bond of regional cooperation. On the eve of the project's groundbreaking, China, India, and Bangladesh signed a Memorandum of Understanding on Transboundary River Cooperation, creatively transforming potential water resource disputes into opportunities for collaboration. China has proposed establishing a 'Yarlung Tsangpo Basin Sustainable Development Partnership', exploring a multilateral framework that integrates hydropower development, flood control, and ecological protection. The goal is to make the hydropower project a model of regional co-governance and shared development. While the long-term success of this grand transnational endeavor will depend on reliable technology, rigorous ecological monitoring, and deeper international trust-building, China's proactive initiatives and open stance have undoubtedly provided a valuable cooperative pathway for complex transboundary water governance, reflecting its commitment to regional peace and development. The Yarlung Tsangpo Hydropower Project stands as a strategic cornerstone of China's new era, integrating energy security, green development, regional coordination, and international cooperation. It is not only a mega project pushing the boundaries of engineering, but also a strategic pivot that aligns energy transition, frontier development, ecological protection, and neighborly cooperation. Its approach of 'protecting nature while developing, and achieving development through protection', together with its model of shared governance of transboundary water resources, offers an Eastern wisdom that is highly relevant to the global pursuit of sustainable infrastructure and regional co-governance. This project—illuminating the Tibetan Plateau and connecting the region's future—goes far beyond power generation alone. It embodies the steadfast steps of a major nation seeking long-term progress and global responsibility amid complex challenges. Joe Concord [email protected]
South China Morning Post
3 days ago
- Business
- South China Morning Post
China's US$167 billion dam, anti-involution campaign to sustain stock rally, investor says
China's 1.2 trillion yuan (US$167.4 billion) hydropower project in Tibet and efforts to curb capacity in some industries could sustain a market rally – which has driven shares to three-year highs – and pave the way for bolder policy moves to support growth, according to a veteran investor. The massive investment combined with a so-called anti-involution campaign to eliminate excessive output in the solar and electric vehicle (EV) sectors would probably boost commodity prices by restricting supply, said Hong Hao, chief investment officer at Lotus Asset Management, which has US$500 million of assets under management. Rising commodity prices could alleviate deflation in producer prices and foreshadow an improvement in household spending, he added. 'Historically, rising commodities have led China's producer-price index cycle by about six months,' said Hong. 'We expect such a correlation to persist. The producers will hire more [employees], consumers will earn more and spend more. Eventually, if everything falls into place, a virtuous price and growth cycle should rejuvenate [the economy].' Hong, who previously worked for China International Capital Corp and Grow Investment Group, correctly predicted a stock bubble would burst in 2015. 01:19 China breaks ground on world's largest hydropower dam in Tibet China breaks ground on world's largest hydropower dam in Tibet Beijing's investment in the Yarlung Tsangpo River project, as well as the anti-involution drive, might convince investors that these two events could further bolster the prospects of Chinese stocks. The Shanghai Composite Index and the Hang Seng Index both reached their highest levels in three and a half years this month, buoyed by easing US-China trade tensions and better-than-expected first-half gross domestic product growth. The Yarlung Tsangpo project – reminiscent of the Hoover Dam, built on the Colorado River during the Great Depression – sends a signal to investors that further policy support for the economy was imminent, as a boost from trade-in programmes subsidising household appliances and EVs was quickly fading, Hong said.
New York Times
3 days ago
- Automotive
- New York Times
The Country Where 76% of Cars Sold Are Electric
The narrow streets of Kathmandu — sized for pedestrians and rickshaws — are choked with engines. Buses, motorbikes, small trucks and taxis fill the sprawling valley with horns and exhaust. For its more than three million residents, just getting around is a dangerous, eye-stinging ordeal. But recently, a new kind of motor has started to ease the crush. Sleek electric vehicles glide by with a quiet hum. Gleaming showrooms do a brisk business in the latest models, and charging stations on the highways have turned into rest stops with cafes for drivers to pass the time. The transition is moving quickly. Over the past year, electric vehicles accounted for 76 percent of all passenger vehicles and half of the light commercial vehicles sold in Nepal. Five years ago, that number was essentially zero. The E.V. market share in Nepal is now behind only those of a few countries, including Norway, Singapore and Ethiopia. The average for all countries was 20 percent in 2024. The swift turnover is the result of government policies aimed at leveraging Nepal's wealth of hydropower, easing dependence on imported fossil fuels and clearing the smog. It has been fed by an intense push from Nepal's biggest neighbor, China, the world's dominant manufacturer of battery-powered vehicles. 'For us, using electric vehicles is a comparative advantage,' said Mahesh Bhattarai, the director general of Nepal's Department of Customs. 'It's good for us. In the global market, the Chinese E.V.s are expanding. The same is happening in Nepal.' China's Neighbors Are Quickly Adopting Electric Vehicles Cheap, imported battery-powered cars are taking over some markets in East Asia, while others lag behind. Nepal data represents imports, and is delineated by years starting and ending in July. Source: Segment Y By The New York Times Want all of The Times? Subscribe.
