Becamex Tokyu Bus Co Ltd. invested the bus lines that will be run on compressed natural gas (also known as CNG) of CNG Vietnam
The People’s Committee of Binh Duong Province issued the investment license to Becamex Tokyu Bus Co Ltd. This is a joint venture between Japan’s Tokyu Group and Vietnam’s Becamex Binh Duong Corporation, which allows it to operate two bus services there.
Accordingly, CNG Vietnam has signed a contract with Becamex Tokyu in order to install a CNG station in Binh Duong that offers to supply gas for this bus lines. Thus, after the first CNG buses project at Ho Chi Minh City began operations in 2011, Binh Duong province is the second nation-wide province which continues to implement the eco-friendly bus lines (“green” bus).
Initially, Becamex Tokyu will invest two “green” bus lines (run on compressed natural gas (CNG) which is more cost-effective than normal fuel) between Thu Dau Mot city and Binh Duong New City. Two bus lines will begin operations in May, 2014 with a total investment of $2 million (over 40 billion dong).
The route of bus lines is from the first station of Highway 13 of Thu Dau Mot city’s center to the last station of the administrative center that has been opened for public use in Binh Duong New City. Japan’s Tokyu Corporation is currently the investor of the 110-hectare urban area, as known as “Tokyu Binh Duong garden city" with a total registered capital of $1.2 billion, which worked on the project officially started in March, 2012 in Binh Duong New City.
ZEN wrote: Being an agricultural country, Vietnam has very good biomass energy potential. Agricultural wastes are most abundant in the Mekong Delta region with approximately 50% of the amount of the whole country and Red River Delta with 15%. Major biomass resources includes rice husk from paddy milling stations, bagasse from sugar factories, coffee husk from coffee processing plants in the Central Highlands and wood chip from wood processing industries. Vietnam has set a target of having a combined capacity of 500 MW of biomass power by 2020, which is raised to 2,000 MW in 2030.
Rice husk and bagasse are the biomass resources with the greatest economic potential, estimated at 50 MW and 150 MW respectively. Biomass fuels sources that can also be developed include forest wood, rubber wood, logging residues, saw mill residues, sugar cane residues, bagasse, coffee husk and coconut residues. Currently biomass is generally treated as a non-commercial energy source, and collected and used locally. Nearly 40 bagasse-based biomass power plants have been developed with a total designed capacity of 150 MW but they are still unable to connect with the national grid due to current low power prices. Five cogeneration systems selling extra electricity to national grid at average price of 4UScents/kWh.
Biogas energy potential is approximately 10 billion m3/year, which can be collected from landfills, animal excrements, agricultural residues, industrial wastewater etc. The biogas potential in the country is large due to livestock population of more than 30 million, mostly pigs, cattle, and water buffalo. Although most livestock dung already is used in feeding fish and fertilizing fields and gardens, there is potential for higher-value utilization through biogas production. It is estimated that more than 25,000 household biogas digesters with 1 to 50 m3, have been installed in rural areas. The Dutch-funded Biogas Program operated by SNV Vietnam constructed some 18,000 biogas facilities in 12 provinces between 2003 and 2005, with a second phase (2007-2010) target of 150,000 biogas tanks in both rural and semi-urban settings.
Municipal solid waste is also a good biomass resource as the amount of solid waste generated in Vietnam has been increasing steadily over the last few decades. In 1996, the average amount of waste produced per year was 5.9 million tons per annum which rose to 28 million tons per in 2008 and expected to reach 44 million tons per year by 2015.
COMPANY REPORTED A MASSIVE JUMP IN PROFIT BEFORE TAX OF 1068% !!!!!!
All sectors recorded increases in revenue for 1Q2014 which contributed to the overall increase in the Group’s revenue by RM52.8 million or 407.6% to RM65.8 million from RM13.0 million in 1Q2013.
Revenue from the Offshore Engineering Sector (“OES”) increased by 897.3% to RM56.2 million from RM5.6 million in 1Q2013. This was contributed by: (i) increase in revenue from integrated engineering services or “IES” by 74.1% to RM9.8 million from RM5.6 million in 1Q2013; and (ii) revenue contribution from turnkey projects of RM46.4 million.
There was no revenue contribution from turnkey projects in the previous corresponding quarter. For 1Q2014, the
Group’s revenue from turnkey projects were predominantly contributed by two major turnkey contracts; i.e. the
Malikai Project (for the installation of an Integrated Tension Leg Platform with a three years contract value of
approximately RM313.0 million) and the FPSO Perintis decommissioning contract (for the decommissioning of a
Floating Production Storage and Offloading vessel offshore Malaysia with a contract value of RM52.0 million). The two projects, in aggregate, contributed revenue of RM44.1 million in 1Q2014. In addition, the Group was paid for rectification works as part of the cost recovery exercise by its US-based sub-contractor which amounted to RM2.6 million in respect of the D21 turnkey project in 1Q2014.
Revenue from the Mobile Natural Gas Sector increased by RM2.3 million to RM9.6 million from RM7.3 million in
1Q2013, due mainly to the conversion of business model from the combination of throughput and direct sales to direct sales of CNG only. The per unit sales price of compressed natural gas (“CNG”) for direct sales is higher as compared to the throughput model.
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