July 2011

President Bharrat Jagdeo continues to fret about the non-release of the Norway climate funds, and has decided to push ahead with the project to give Amerindians electricity using funds from the treasury.
The solar panel project, which President Jagdeo yesterday said would cost US$2.5 million, was expected to be financed through the five-year forest-saving deal with Norway.

Helsinki, Finland, Jul 15, 2011 - Pöyry Plc has completed the acquisition of parts of the engineering consulting business of Vattenfall Power Consultant AB (see Company Announcement of April 14 2011). The business has been incorporated into a new company, SwedPower AB, in which Pöyry has 100 per cent shareholding. The parties have agreed not to disclose the purchase price.

A forest in Oddar Meanchey province is facing environmental “disaster” after thousands of people destroyed up to 1,000 hectares of natural habitat, putting revenues from a carbon credit scheme worth tens of millions of dollars at risk.

Proceeds from a United Nations-backed Reduced Emissions from Deforestation and Forest Degradation scheme are said to be in danger after waves of settlers destroyed parts of the forest in Samroang district, chief of the Romdoul Veasna community forest programme, Malis Hoeuth, said yesterday.