Japanese firms win contract for $2 billion, 1,250MW LNG-fired power plant in Myanmar

first_imgJapanese firms win contract for $2 billion, 1,250MW LNG-fired power plant in Myanmar FacebookTwitterLinkedInEmailPrint分享Nikkei Asian Review:Trading houses Marubeni, Sumitomo Corp. and Mitsui & Co. will build a liquefied natural gas-fired power plant in Myanmar, one of the biggest investments by Japanese companies in the Southeast Asian country, people familiar with the matter say.The three companies estimate total investment in the project at $1.5 billion to $2 billion. The plant is expected to start operating by 2025 with a capacity equal to about 20% of Myanmar’s existing power plants.Demand for LNG power is expected to grow in Southeast Asia as a low-emission alternative to cheap coal. Marubeni, Sumitomo, and Mitsui expect the project in Myanmar to help them expand their power businesses in the region.In Myanmar, electricity demand has been growing at a rate of 10% to 20% a year with industrialization and the electrification of farming villages. Frequent power outages have posed an obstacle to the country’s goal of attracting foreign investment in manufacturing.The plant will be built in a suburb of Yangon, Myanmar’s commercial capital and most populous city. The three companies will operate it through a joint venture they will establish with Eden Group, a local conglomerate whose businesses include real estate and agriculture.The plant will have a generating capacity of 1,250 megawatts — about as much as one nuclear reactor. Myanmar’s existing power generation capacity is about 6,000 megawatts, according to the country’s Ministry of Electricity and Energy.[Yuichi Nitta and Yusuke Tanaka]More: Japan Marubeni wins deal for $2bn Myanmar LNG power plantlast_img read more

Battling McIlroy retains lead

first_img Press Association Rory McIlroy will take a narrow lead over Austria’s Bernd Wiesberger into the final round of the US PGA Championship as he looks to claim a second major title in four weeks and third tournament win in a row. McIlroy took a one-shot advantage into the third round at a soggy Valhalla and held onto it thanks to a second successive 67 to lie 13 under par, but the identity of his nearest challenger came as something of a surprise. Wiesberger was a total of 12 over for his last two appearances in the US PGA before this week and had only made one halfway cut in five previous majors, but carded a flawless 65 which was completed in stunning fashion. “I just knew I needed to make a couple (of birdies) coming down the back nine to keep the lead or at least be tied. The two birdies on 15 and 16 were huge. “It’s where I want to be, it’s the best place to be in a tournament. I wouldn’t want to be anywhere else.” McIlroy’s Ryder Cup team-mate Graeme McDowell felt the course was playing more like a regular PGA Tour event than a major championship, but the final pairing of McIlroy and Day began their rounds scrambling for dramatic pars. Day hooked his tee shot on the second so badly that it cleared Floyd’s Fork, the creek running down the left-hand side of the hole, and into deep grass on the far side. Television commentator David Feherty initially looked to be searching for the ball in order for Day to work out where he could take a penalty drop, but the Australian then sent his caddie Colin Swatton to wade through the creek to assist. When the ball was found in a good enough lie for Day to be able to play it, the 26-year-old then took his shoes and socks off as well and made the journey across to the other side. Instructing Swatton to throw a pitching wedge, Day duly hacked out of the rough, pitched onto the green and holed from 12 feet for a remarkable par. Two holes later it was McIlroy’s turn to escape without losing a stroke after pulling his drive into a hazard on the par-four fourth, which had been reduced to 292 yards to allow players to try to drive the green. After taking a drop McIlroy pitched to 11 feet and holed the putt, although he was joined in the lead by Day who was left with a tap-in birdie after missing from close range for an eagle. Both players then made birdie on the fifth but McIlroy reclaimed the lead when Day bogeyed the sixth after a wild drive and the world number one was two clear when he holed from five feet on the par-five seventh for birdie. However, McIlroy duffed his chip from the edge of the eighth green and a repeat on the 12th meant he was briefly a shot behind Wiesberger when the world number 70 birdied the 16th and almost holed his approach to the 17th. However, McIlroy responded in stunning style, holing from 20 feet on the 15th and then reducing the 505-yard 16th to a drive and a nine-iron which stopped two feet from the hole. It impressed Luke Donald, who wrote on Twitter: “Hmmm, drive and a 9 iron into 16 #wow.” After Wiesberger had birdied the last there was another massive drive from McIlroy on the same hole to set up a closing birdie from a greenside bunker which secured the outright lead. The 28-year-old world number 70 holed from inside three feet for birdie on the 505-yard 16th, almost holed his second shot to the par-four 17th and then left an eagle pitch just inches short on the 18th. “It was a dream come true really, going out there with Phil (Mickelson), one of my heroes,” said Wiesberger, who lost a play-off for the Lyoness Open in his native Vienna in June, the event he won in 2012 for his second European Tour title. “I played beautifully today, I didn’t miss a lot of shots, set up a few nice opportunities on the last few holes especially. I’m very proud of myself the way I played. “It’s a completely new situation for me, only my second cut in a major in six attempts, so I am quite a rookie in this particularly situation. I have driven it really nicely this week and if I can do it again it will settle down the nerves and I am going to have fun tomorrow.” American Rickie Fowler, who has finished in a tie for fifth, second and second in this year’s majors, was a shot behind Wiesberger on 11 under with Mickelson another stroke back after both shot 67. Australian Jason Day was alongside Mickelson after a 69. McIlroy, who won the Open Championship at Royal Liverpool and a first World Golf Championship event in the Bridgestone Invitational on Sunday, is aiming to become the first player since Padraig Harrington in 2008 to win back-to-back majors. The 25-year-old won his first two by eight shots and was six ahead after 54 holes at Hoylake but was happy simply to still be in the lead here. “The guys got pretty close to me at the Open and today and I was able to respond on the back nine,” McIlroy said. “It’s not the biggest lead I’ve ever had but I am still in control of this tournament and it’s still a good position to be in. last_img read more

Joint Dutch survey on addiction highlights problem gambling behaviours

first_img Related Articles StumbleUpon Submit Share Share KSA issues ‘conduct warning’ following covid marketing breaches July 28, 2020 An online survey carried out by the Dutch gambling authority, Kansspelautoriteit (KSA), in collaboration with treatment foundation AGOG has found that half of its respondents spent more than €1,000 each month on gambling. The joint survey considered the responses of 86 people who have signed up with AGOG, which organises weekly meetings for players at risk of problem gambling behaviours. In its research, 223 of AGOG’s members were invited to take part in the survey, however, only 39 per cent responded to the request.While the KSA emphasised that the study sample was not indicative nor representative of the entire AGOG membership, the regulator stated that it was able to draw a number of findings from the survey which can help inform future policies. The report found that those who had experienced problem gambling were more inclined to gamble using gaming terminals, with 67 per cent of respondents saying they took part in this form of gaming.One-third of respondents confirmed that they would take part in gambling activities on average two to three times a week in the year before they sought help, while another third stated that they gambled four to six times a week. A quarter of them gambled daily.The KSA has confirmed that it will use the findings of the survey to gain further insight into gambling behaviours, allowing the regulator to ‘use the results for drawing up the annual market scan and in general for policy development.’Earlier this month, Kansspelautoriteit governance confirmed a six-month delay to the pending legalisation of the country’s online gambling market.Sander Dekker, the Dutch justice minister, informed the Netherlands parliament on the delay, with the Remote Gambling Act (Koa) set to “come into effect” on January 1, 2020 – six months later than previously planned. KSA launches operator tender for problem gambling helpline June 22, 2020 KSA report reveals age verification failings June 29, 2020last_img read more

Made in the USA?

first_img“Everyone was happy to have four cars in the race, because that was pretty much what we’ve been saying all along,” White said. “Our expectations were to have four and maybe five cars in the race. We were hoping for somebody to turn up in the top 15, and actually, when the wrecks started happening with 25laps to go, we really thought it might work out that way.” Jarrett was the highest finishing Toyota driver at Daytona. He came in 22nd. Waltrip and Dave Blaney, who drives for Bill Davis Racing, were credited with top-35 finishes. “The way it worked out, we didn’t inherit a top-15 finish,” White said. “But we got three in the top 35, so if they can just continue on with that for the next four races, then maybe we can get some guys that will be in those guaranteed positions. We’ll carry on to Fontana … keep on working and we’ll be OK.” But getting NASCAR fans to accept Toyotas in the series is going to be a challenge. It is only one obstacle the car manufacturer faces as it prepares for its first full season in the Nextel Cup Series. There is the question of how Toyota will affect the economics of NASCAR. Toyota is expected to pour record amounts of money into its programs in pursuit of race wins and championships. There is the question of teamwork. Toyota expects its three teams – Bill Davis Racing, Michael Waltrip Racing and Team Red Bull – to share information and data. And then there’s the big question of acceptance. Toyota may be based in Japan, but the Toyota Camrys are built in Kentucky. At present, they are the only model driven by Cup teams that is actually built in the United States. “But you’re not going to get that across to some people,” Jarrett said. “And I’m not going to try to, and that’s not my job or my plight to come out here and try to convince everybody that this is the right thing to do for Toyota to be involved.” Ready or not, here comes Toyota. It’s a journey that started seven years ago, when Toyota entered in the NASCAR Goody’s Dash Series. By 2004, Toyota was in the NASCAR Craftsman Truck Series. In three years, Toyota Tundras won 26 races, including the season-opener at Daytona, 31 poles and one championship. At the Truck Series level, there hasn’t been much discussion about whether Toyota Tundras belong racing next to Chevrolet Silverados and Ford F-150s. And it didn’t take long for Toyota to become successful. But gaining that level of success will be a little more difficult in the Cup series. “I definitely feel that they are going to be up there fighting for wins and a championship, but it just might take them a little time is all,” said Jimmie Johnson, the 2006 Nextel Cup Series champ and driver of the No. 48 Chevrolet Monte Carlo for Hendrick Motorsports. Some say Toyota can buy its way to wins. Jarrett said Toyota has no illusions about how hard it will be to win races at the Nextel Cup Series level. It will take pouring resources into research and development. It will take having engineers and mechanics with experience building and maintaining Cup cars. And it will take tapping existing teams for some of those experienced people. “When Dodge came in and Ray Evernham started his deal up, he had to go do the same thing,” Jarrett said. “To get experienced people to make sure that things start off in a pretty good mode, you have to go get some experienced people. “You can’t take all novices and rookies and bring them in and expect to be pretty good. So, you might have to pay someone a little bit more to get them to come over.” That’s what Toyota has done – to an extent. Two of the crew chiefs working on Toyota cars this year will be Matt Borland and Doug Richert. Borland was Ryan Newman’s crew chief at Penske Racing South. Richert last worked as crew chief for Greg Biffle’s team at Roush Racing. Richert is also known for working on Dale Earnhardt’s championship teams of the 1980s at Richard Childress Racing. Jarrett insists Toyota didn’t overpay to lure experienced professionals to their teams. Toyota did, however, help bring in some very talented people. “Is Toyota coming in and stepping things up from an engineering standpoint? Absolutely,” Jarrett said. “That’s where they are going to step everything up. Dodge did the same thing when they came in, they had a huge engineering staff and a lot of technology there, and that’s where their dollars were.” Johnson said he expects Toyota to aggressively pursue personnel and resources. “Chevrolet, Ford, Dodge, all of these teams have been in the sport for a long, long time,” said Johnson, who drives for Hendrick Motorsports. “They all have money. Mr. (Rick) Hendrick has his finances and program in place. It takes time. You just can’t come in – we know Toyota wants to succeed, and they will spend the dollars to do it – but it takes time to get the people, equipment, the staff put together and get the momentum going.” Jarrett said working with the other two teams was the model Toyota presented to him from the first meeting. “Even before we got here to start testing on the racetrack, that was happening, from other tests at tracks when we were going to Kentucky or we were going to Nashville or even Lakeland (Fla.),” Jarrett said. “And Red Bull was the same way, Bill Davis the same way. So information is being shared, and we feel like that’s our quickest way to get over some of the hurdles that we have.” Apparently the Toyota teams are in agreement that the best way to be successful is to work together as closely as possible in the early stages of the season. “You know, there will come a point in time that some of that will break away,” Jarrett said. “But we have a ways to go before we get to that point, and I think everyone understands that and is very much willing to work together.” With resources, personnel, cooperation and experience, Toyota looks like it has everything in place to produce wins at the race track. How quickly that will happen is anybody’s guess. “I think all of the talk is over,” said Kevin Harvick, driver of the No. 29 Chevrolet Monte Carlo for Richard Childress Racing. “It’s time to finally go race, and we don’t have to hear about (how) Toyota is going to change the sport and how this is going to happen and how that’s going to happen. We’re going to actually see what’s going to happen.” Road to the series Pouring in resources Three for one timothy.haddock@dailynews.com (818) 713-3715 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Dale Jarrett has his doubts that NASCAR fans will readily embrace Toyota in the Nextel Cup Series. The Japanese car manufacturer is making its debut this year in NASCAR’s top division, joining the ranks of American powerhouses Ford, Chevrolet and Dodge. “We could get into the argument about where the Ford Fusion is built. Every one of them are built in Mexico,” Jarrett said. “The Monte Carlos are built in Canada. So we could go through all that stuff and see who is right and who is wrong, but there are a lot of Toyotas that are built in the United States.” International car manufacturers have shied away from racing in NASCAR for more than 50 years. But Toyota has made the long, patient journey to reach the Nextel Cup Series ranks. With three teams and seven drivers, Toyota Camrys will race alongside the Cup versions of Ford Fusions, Chevrolet Monte Carlos and Dodge Chargers. “I think it’s good Toyota is coming in,” said Chip Ganassi, who owns a three-car Cup team powered by Dodge engines. “I have some experience with them in Indy car racing over the years, and they’ll come in and they’ll do it right. They’ll do it in a big way, and the fact of the matter is the sport obviously needs some new interest and new excitement, and I think Toyota is going to provide that.” Four Toyota drivers qualified for the season-opening Daytona 500. Michael Waltrip, owner of a three-car Toyota team, was caught in a cheating scandal that saw him lose his car, his crew chief and 100 driver points. His crew chief was also fined $100,000 and his team lost 100 owner points. Despite the controversy, Lee White, senior vice president and general manager of Toyota Racing Development, U.S.A., said the Toyota teams had a good week at Daytona. center_img Some will say Toyota has no business being in an American stock car series. Some will say NASCAR is an American sport and has no room for foreign influences. Some will say Toyota should stick to racing in other internationally accepted arenas of motor sports, such as Formula One and the American Le Mans Series. Jarrett, who made the switch from Robert Yates Racing’s Fords to Michael Waltrip Racing’s Toyotas, said NASCAR fans need to embrace the change rather than fight it. last_img read more