Archive for ‘Mekong giant catfish’

August 28, 2012

Mekong dams could rob millions of their primary protein source

Click on the link to get more news and video from original source:  http://wwf.panda.org/wwf_news/?206033/Mekong-dams-could-rob-millions-of-their-primary-protein-source

Posted on 27 August 2012

Stockholm — Hydropower dams planned for the lower mainstem of the Mekong River could decimate fish populations and with them the primary source of protein for 60 million people. The impact of the dams would extend far beyond the river, as people turn to agriculture to replace lost calories, protein and micronutrients, according to a new study by WWF and the Australian National University.

There are 11 planned dam projects on the Mekong mainstem, and another 77 dams planned in the basin by 2030. The study, “Dams on the Mekong River: Lost fish protein and the implications for land and water resources”, looked at two scenarios: replacement of lost fish protein directly attributable to the proposed 11 mainstem dams, and replacement of the net loss in fish protein due to the impact of all 88 proposed dam developments.

If all 11 planned mainstem dams were built, the fish supply would be cut by 16 per cent, with an estimated financial loss of US$476 million a year, according to the study. If all 88 projects were completed, the fish supply could fall 37.8 per cent.

Study co-author Stuart Orr, freshwater manager at WWF International, says policymakers often fail to recognize the crucial role of inland fisheries in meeting food security. “The Mekong countries are striving for economic growth, and they see hydropower as a driver of that growth. But they must first fully understand and take into account the true economic and social value of a free-flowing Mekong,” says Orr.

The lower Mekong, flowing through Cambodia, Laos, Thailand and Viet Nam, is renowned for its biological diversity, with more than 850 freshwater fish species. These fish are fundamental to diets and economies in the region, with 80 per cent of the 60 million inhabitants relying directly on the river for their food and livelihoods.

The report also looks at the effects on land and water as people are forced to shift to cows, pigs, poultry and other sources to meet their protein requirements. On top of 1,350km2 of land lost to dam reservoirs, the countries would need a minimum of 4,863km2 of new pasture land to replace fish protein with livestock. The high end of the estimate if all dams were built is 24,188km2 – a 63 per cent increase in land dedicated to livestock.

Water requirements would jump on average between 6 and 17 per cent. But these averages mask the considerably higher figures for Cambodia and Laos. Under scenario one, with 11 dams on the mainstem, Cambodia would need to dedicate an additional 29-64 per cent more water to agriculture and livestock; Laos’ water footprint would increase by 12-24 per cent. Under the second scenario, with all 88 dams, these numbers shift dramatically, with an increase of 42-150 per cent for Cambodia and 18-56 per cent for Laos.

“Policymakers in the region need to ask themselves where they are going to find this additional land and water,” says Orr. “The Mekong demonstrates the links between water, food and energy. If governments put the emphasis on energy, there are very real consequences for food and water – and therefore people.”

The report, published in the journal Global Environmental Change and presented during World Water Week in Stockholm, comes at a critical time in the debate over hydropower development in the region. Construction work appears to be moving ahead on the controversial Xayaburi dam in Laos, despite a decision by the intergovernmental Mekong River Commission to halt the project pending further studies. It would be the first of the planned dams to span the lower Mekong mainstem.

“We hope this study can help fill some of the knowledge gaps about the effects of the proposed dams,” says co-author Dr Jamie Pittock from the Crawford School of Public Policy in the Australia National University.

WWF urges the lower Mekong countries to defer a decision on the mainstem Mekong dams for 10 years to ensure critical data can be gathered and a decision can be reached using sound science and analysis. WWF further advises lower Mekong countries considering hydropower projects to prioritize dams on some Mekong tributaries that are easier to assess and are considered to have a much lower impact and risk.

An abstract of the study, with the option to download the full text, is available here:
http://dx.doi.org/10.1016/j.gloenvcha.2012.06.002

July 26, 2012

Damming the future? Livelihoods at stake on Mekong River

Click on the link to get more news and video from original source:  http://www.alaskadispatch.com/article/damming-future-livelihoods-stake-mekong-river

Samantha Page | GlobalPost.com | Jul 25, 2012

Construction at the Xayaburi Dam site in July 2012.
(Samantha Page/GlobalPost)

NONGKHAI PROVINCE, Thailand and XAYABURI PROVINCE, Laos — Although his family has lived for generations beside the Mekong River, Itthapon Kamsuk thinks he might soon have to move.

During the dry season, from March to May, Kamsuk’s village in Nongkhai province in northeastern Thailand routinely runs short of water, and big fish are growing scarcer.

“The water level is already unpredictable, because of the dams in China,” the 45-year-old said. “Before dam construction, we lived peacefully. We could have fish all the time.”

Now, another hydroelectric dam is being built on the Mekong in a deal between the Lao government and a Thai construction company, despite an international agreement to protect water rights along the river and promises by Thai and Lao leaders to pause the project for further study.

The 1,260-megawatt Xayaburi is the first of 11 proposed mainstream dams that will affect agriculture, fishing and cultural heritage from its location about 100 miles upstream from Kamsuk’s village in northeast Thailand, through Cambodia to the Mekong River delta in Vietnam — the fertile heart of the world’s second largest rice exporter.

The dam will directly affect more than 202,000 people along the river, estimates International Rivers, a US-based NGO, including fishermen and farmers. Dams disrupt water flow, killing fish habitats and disrupting migratory breeding patterns. They also disrupt sediment flow, which provides nutrients for crops downstream.

More from GlobalPost: In Laos, a tale of two dams [VIDEO]

The Thai construction company, Ch. Karnchang, expects a 12-13 percent annual gross return on a $2.4 billion investment over its 29-year concession from the Lao government. The government, which will own the dam, also stands to profit handsomely by selling the electricity Xayaburi produces — largely to Thailand.

But the environmental and human costs of the project may far outweigh revenues that Laos, one of Asia’s poorest countries, expects to reap from its dams.

The only wide-ranging report on the project, a cost-benefit analysis from Portland State University, estimated that when loss of livelihood was considered, the development went from a $33 billion revenue source to negative $274 billion liability.

Sparse Living

Livelihoods along the river in Laos and Thailand consist mainly of fishing and agriculture, with some panning for gold.

“My mother has a piece of land she farms for self-consumption. If there is any extra, we sell it,” Kamsuk said. He owns a small food shop.

In 2009, the average salary in the northeastern provinces of Thailand was 118,200 baht (US$3,735) per year, according to DBS Bank. The region has the lowest per capita GDP in Thailand — about one-seventh that of metropolitan Bangkok.

The area around the dam site itself, northwest of Vientiane and due east of Chiang Mai in Thailand, is sparsely populated. Villages of a couple hundred people sit half-shrouded from river view by the jungle.

Every few kilometers, a solitary fisherman clings to the rocky bank, methodically dipping a net attached to two long bamboo poles into the current.

Some 2,100 of these Laos will be resettled away from the site.

Villagers still in their homes say they expect to move next year, but two villages were relocated in January. The new houses already have termites, and photos from the resettlement show gaps between boards that were nailed down still wet.

More from GlobalPost: Environmental concerns halt Lao dam

The resettlement area has little agricultural land, no river access, and no forests for foraging, said Teerapong Pomun, director of Living River Siam, one of the groups bringing the lawsuit.

“The are mostly fishing and agricultural people. They had a better life in the village,” he said. “They have only 0.75 hectares, and it is too late to plant for the growing season. They just sit at home.”

According to International Rivers’ Ame Trandem, relocated villagers were promised compensation, but that deal has already gone awry.

“They were told they would be compensated for everything, now it is just teak and fruit trees,” she said.

Downstream, Kamsuk is unlikely to get any compensation, so earlier this month he made the journey from Nongkhai to Bangkok, about 10 hours by bus, for a meeting with the Network of Thai People in Eight Mekong Provinces, a coalition of civil groups fighting the dam’s construction.

Next month the coalition will file a lawsuit against the Energy Generating Authority of Thailand (EGAT), which agreed to purchase 95 percent of the dam’s projected 7,200 gigawatt hours per year.

The network alleges that EGAT failed to adequately notify the public or get public comment before signing the deal with Ch. Karnchang in October. The suit points out that no environmental review for the impact on Thailand has been done.

“None of Thailand’s agencies have made any move to prevent the impacts,” said Sor Rattanamanee Polkla, the lead attorney for the suit.

The World Wildlife Fund says a study on a similar project on a Mekong tributary in Thailand, found that 85 percent of fish species were affected, with 56 species “disappearing entirely” and “reduced catches” for another 169 species. The WWF predicts the dam would spell extinction for the Mekong giant catfish.

The change in water fluctuations from the dams in China has already damaged the fish population in the Mekong itself. Most of the big fish are gone, Kamsuk said, explaining why he has joined with a group of civic organizations to bring a lawsuit against the Thai state agency that agreed to purchase most of the dam’s energy.

Uneasy Neighbors

In 1995, Laos, Thailand, Vietnam and Cambodia signed an agreement pledging “to cooperate in all fields of sustainable development, utilization, management and conservation of the water and related resources of the Mekong River Basin.”

Under this framework, Laos has entered a consultation process with its neighboring countries over the Xayaburi Dam, but the agreement is somewhat less than binding.

“Laos is not seeking legal approval,” said Surasak Glahan, a spokesman for the intergovernmental Mekong River Commission, which estimates that 450,000 people will be affected. “The Mekong Agreement says the countries should reach consensus, but it doesn’t say a country cannot go forward.”

In a visit to the region earlier this month, US Secretary of State Hillary Clinton urged Laos to adhere to spirit of the agreement and to further study the dam’s impact.

“The Mekong River Basin is one of the world’s most productive ecosystems. It’s really a miracle of the way it operates in this region. Millions — tens, hundreds of millions of people — depend directly or indirectly on it for their livelihoods,” Clinton said. “Some studies have explored the benefits of generating electricity, but questions — serious questions — remain about the effects on fisheries, agriculture, livelihoods, environment and health.”

Cambodia has already sent a letter to its northern neighbor, asking that construction be halted, and Vietnam suggested postponing the plan for a decade, while additional environmental studies were carried out.

In the face of this outcry, Ch. Karnchang has publicly said it is only doing preliminary work, but a visit to the dam site in early July showed a flurry of activity — not only on access roads and offices, but also on a flattened piece of land jutting into the river and on the hillside adjacent to the dam site.

Executives at EGAT and Ch. Karnchang did not respond to requests for comment on this story.

The dam is creating tension between the Southeast Asian nations, Living River Siam’s Pomun said.

“You can see that people are already pointing to the Laos government,” Pomun added. “If the problem happens in Laos, it will become a big issue for the ASEAN community. Right now, even though they haven’t completed the project, Ch. Karnchang has made a lot of money by selling stocks.”

July 26, 2012

The Mekong river: Lies, dams and statistics

Click on the link to get more news and video from original source:  http://www.economist.com/blogs/banyan/2012/07/mekong-river

Jul 26th 2012, 8:55 by T.F. | XAYABURI and VIENTIANE

A DENSE cloud of diplomatic doublespeak hangs over the turbid waters of the Mekong. An amazing week of conflicting statements, stark contradictions and confusion has made everything about the site of a controversial dam project at Xayaburi, in northern Laos, as clear as mud.

The Mekong, which courses through the very heart of inland South-East Asia, is home to the world’s largest freshwater fisheries, about 800 different native species. Its rich biodiversity is second only to the Amazon’s. Through fishing, aquaculture and irrigation, it sustains 65m people.

Since September 2010 there has been an ongoing consultation process among the four riparian countries party to the Mekong River Commission (MRC)—Laos, Cambodia, Vietnam and Thailand—about whether the Xayaburi project should be approved or blocked. The dam would be the first of its kind. The government of Laos has repeatedly claimed it would heed the strong objections lodged by Cambodia and Vietnam, who fear that the dam’s side effects could decimate fisheries and reduce the flow of sediment needed by farmlands downriver.

There was a current of déjà vu swirling around Phnom Penh this month. On July 13th, at an annual summit for the foreign ministers of ASEAN, the envoy from Laos made a familiar declaration: that work on the Xayaburi dam has been suspended, pending further studies. Reuters, understandably, took this to be an official statement of fact from the Laotian government.

Only three days later Viraphonh Viravong, a deputy minister of energy, contradicted the foreign minister’s statement. A tour of the site, sponsored by the government of Laos, served to rubbish the foreign minister’s statement at ASEAN. As Mr Viraphonh made clear to a party of invited visitors, including MRC officials, diplomats and a few technical experts on fisheries, groundwork is going ahead after all, without any waiting for a further assessment of the project’s impact on the river.

In the MRC’s judgment, “the project is in an advanced preparation stage with…exploratory excavation in and around the river completed.” International Rivers, an NGO, made their own unofficial investigation of the site in June, observing that the river had already been dredged and widened. This despite the fact that in December 2011 the four member-states of the MRC had agreed on the need for further study of the dam’s prospective effects on the environment. The understanding was that no dam would be built until the study was completed.

Failure to halt the dam at Xayaburi would deal an enormous blow to the credibility of the MRC. Its authority depends on the possibility of enforcing co-operation between its members. Moreover the dam’s construction could trigger a major diplomatic rift between the four states themselves.

The initial stages of its construction are visibly under way. So has Laos decided to renege on its international commitments?

This is where things get murky. Mr Viraphonh claims that what observers witnessed was only “preparatory work”. He says the actual construction of the dam has not begun, nor has the river been blocked.

But fisheries experts say that long before the river is fully blocked, existing construction will disturb the riverbed enough to affect fish populations significantly. And even while the river flows, construction work will change the downstream flow of sediments.

The Laotian government has appointed two foreign consultants to help make its case. Pöyry Energy, based in Switzerland, and the French Compagnie Nationale du Rhône are trying to convince Cambodia, Vietnam and other sceptics that the Xayaburi dam will be benign.

Both firms argue that “fish passes” or weirs can be built to enable 85% of the river’s fish to get past the dam’s turbines. According to their plan, the fish could swim happily up or down the Mekong. But this claim has never been put into practice. Eric Baran of the World Fish Centre in Phnom Penh joined last week’s trip to the dam site. He observed that “there has never been a successful fish pass built for a dam the size of Xayaburi, anywhere in the tropics.”

Pöyry Energy’s previous report, a compliance review of the Xayaburi dam in 2011, was widely faulted. More recently, the firm’s parent company has been blacklisted by the World Bank for an unrelated charge of corruption and its CEO has resigned.

Laos might nonetheless esteem the views of its Western consultants. But it heard very different advice from America’s sectary of state, when she made her recent visit to the region. “I’ll be very honest with you. We made a lot of mistakes,” Hilary Clinton said in her opening remarks to the ASEAN summit. She was talking about dams built in the United States. “We’ve learned some hard lessons about what happens when you make certain infrastructure decisions and I think that we all can contribute to helping the nations of the Mekong region avoid the mistakes that we and others made.”

America has its own concerns too. It might worry that if the Xayaburi project goes ahead, China is set to build at least three more dams further down the Mekong, bringing its commercial interests ever deeper into the sub-region.

Cambodia’s minister for water resources, Lim Kean Hor, recently send a letter of protest to the Laotian government calling on them to “halt all preliminary construction and respect the Mekong spirit of friendship and international co-operation.”

The Mekong delta is Vietnam’s rice-bowl. The government has been arguing all along for a ten-year moratorium on dam construction on the river, basing its case on an assessment commissioned by the MRC and finished in 2010. Vietnamese scientists have warned that dams upstream would lead to devastating losses of fisheries and rice productivity and to the salinisation of cropland.

And finally NGOs representing people from the eight provinces in north-east Thailand are about to file legal action in the their country’s courts. They mean to force their national government to review the contract that the state electricity body signed, which obliges it to buy 95% of all the power from the Xayaburi dam.

Thailand’s government has already endorsed the position that Xayaburi dam should be put on hold pending further studies, though it has done so relatively quietly. If Vietnam’s and Cambodia’s conflict with Laos escalates, Thailand’s role will become critical.

The dam is financed by the four major Thai banks. The dam-builder is a Bangkok-based corporation, Ch. Karnchang. The north-eastern Thais’ campaign is aimed at persuading Thailand’s government to stop the project by blocking the banks’ loans. Such indirect tactics might be the only way left to save the MRC—and to preserve some semblance of international co-operation along the Mekong.

(Picture credit: Wikimedia Commons)

July 26, 2012

How the Next 12 Months of Xayaburi Dam Construction Will Affect the Mekong River

Click on the link to get more news and video from original source:  http://www.internationalrivers.org/blogs/267/how-the-next-12-months-of-xayaburi-dam-construction-will-affect-the-mekong-river

Thu, 07/26/2012 – 4:30am
By: Kirk Herbertson

The Xayaburi Dam site in Laos is abuzz with activity these days. Thousands of laborers and dozens of construction vehicles work around the clock to finish the dam on schedule by 2019. Access roads, worker camps, and transmission lines have been built. Villages are being resettled. The river has already been widened at one point, and a dike cuts into the river at another point. One of the project’s lead engineers, the Pöyry Group, told a delegation of visiting diplomats last week that the coffer dam—which diverts the river while the permanent dam is built—will be completed by next May. Soon after that, the dam itself will begin to appear.

Laos’ rapid progress on the dam worries its neighbors. The Mekong River is a shared resource, and what happens upstream in Laos can affect people downstream in Thailand, Cambodia, and Vietnam. According to the 1995 treaty that governs use of the Mekong River, the governments of Cambodia, Laos, Thailand, and Vietnam must jointly decide if the Xayaburi Dam will go forward. No decision has yet been reached. Cambodia and Vietnam have both requested that transboundary impact studies be completed before a decision is made, but Laos has said it will not conduct these studies. A regional diplomatic crisis may soon erupt.

Construction hasn’t started?

Proceeding with construction at this early stage would be a clear violation of the 1995 Mekong Agreement and international law. Not to worry, Laos spokesperson Viraphonh Viravong told the Bangkok Post last week. “We have not started working on any construction on the Mekong River that is permanent.”

Yet the 1995 Mekong Agreement makes no distinction between “permanent” and “temporary” construction activities along the river. It worries instead about any activities that will cause “harmful effects” to the river’s ecosystems. Similarly, international law (the rules that govern how states treat one another) kicks in when the harmful effects are likely to be transboundary, as they are in this case.

As it turns out, many of the construction activities already underway at the dam site are likely to have harmful effects on the Mekong River.

Yes, construction affects the river

As the Mekong River Commission noted in its 2011 technical review of the proposed Xayaburi Dam, “impacts during the construction phase are equally as important as those during dam operation.” (p. 32) Based on experiences with other dams, here are just a few of the impacts we might see in the next 12 months if construction continues:

  • The coffer dam and other structures will divert the river, which could prevent fish from migrating past the dam site and block sediment flows downstream.
  • As extra sediment becomes loosened during construction and mixes into the water, it could change water quality, habitats, and the ability of fish to breathe. This could lead to declining fish populations.
  • Loosened sediment could bury and harm fish eggs.
  • Pollution from the construction site could affect water quality and alter ecosystems, harming fisheries and agriculture downstream.
  • Disturbances to the river could affect plankton and microorganisms that are important to the stability of the river’s ecosystem.
  • Resettlement of local communities could create food security problems, based on experiences in the first resettled village.

What happens in Laos in the next 12 months will not just be localized. The construction phase is likely to have significant impacts that can be felt downstream in neighboring countries.

Pöyry, CNR, and the art of making scientific-sounding promises

Yet we still do not know the full extent of the harm that the Xayaburi Dam’s construction phase will cause. Laos’ consultants Pöyry Group and Compagnie Nationale du Rhône (CNR) do not know either. Despite Cambodia’s and Vietnam’s formal requests over one year ago, Laos has still not studied the baseline conditions of the river. How do fish behave in this part of the river, for example, and how do people downstream depend on these fish? It is simply not possible to understand the full extent of the dam’s impacts without first gathering this data. This is one reason why many scientists are skeptical about the unequivocal promises by Pöyry and CNR that the project will have minimal environmental impacts.

The 1995 Mekong Agreement is not perfectly written by any means, but is the best framework the region’s governments have for reaching a mutually acceptable solution. Where there are gaps, international law can provide guidance—such as the requirement to assess transboundary impacts before proceeding with any construction.

The time has come for the Mekong governments to bring Laos back into compliance with the 1995 treaty, and to return to the structure that the treaty provides. The first step, as the Cambodian government has already requested, is for all construction activities on the Xayaburi Dam to stop while further impact studies are carried out.

Ten more dams have been proposed for the Mekong River, eight of them in Laos. No one wants to repeat the chaos of Xayaburi, or to learn a few years from now that we could have prevented all of the harm that the Xayaburi Dam will soon bring.

 Kirk Herbertson

Kirk Herbertson is a lawyer and Southeast Asia Policy Coordinator for International Rivers.

July 11, 2012

Clinton Presses Laos for More Studies on Mekong Dam in Visit

Click on the link to get more news and video from original source:  http://www.bloomberg.com/news/2012-07-11/clinton-lands-in-laos-to-discuss-mekong-dam-war-legacy.html

By Daniel Ten Kate and Nicole Gaouette – Jul 11, 2012 5:30 AM ET

Hillary Clinton pushed Laos for more studies on a $3.6 billion hydropower dam on the Mekong River opposed by neighboring countries in the first visit by a U.S. Secretary of State in 57 years.

The trip is part of a broader sweep Clinton is making through Asia as the U.S. increases its engagement with the world’s fastest growing economies, in part to counter China’s growing clout. Laos, a landlocked nation of 6 million people bordering China, plans to expand its generating capacity and sell electricity to its neighbors.

Laotian Prime Minister Thongsing Thammavong assured Clinton that the Xayaburi power project wouldn’t proceed without approval from neighboring countries, according to a State Department official who wasn’t authorized to speak on the record. Laos plans to hold an international conference about the project to ease concerns, the official said.

The dam remains an area of contention as the U.S. seeks to broaden its engagement with Laos, which is still struggling with unexploded ordnance left over from the Vietnam War. Clinton discussed cooperation on the deadly material as well as accounting for U.S. personnel who remain missing, according to a joint statement. Laos is the smallest economy among members of the Association of Southeast Asian Nations.

Dam Studies

The Xayaburi dam’s approval may pave the way for seven others that Laos plans to build on the Mekong. The government has aimed to convince its neighbors by showing them studies it commissioned from Compagnie Nationale du Rhône and Switzerland- based Poyry Energy AG.

“Both the reports of Poyry and CNR indicated that the project has created a negligible impact in respect of environmental and social considerations,” Xaypaseuth Phomsoupha, director-general of Laos’s Ministry of Energy and Mines, told reporters in Bangkok on June 20.

While Laos is building access roads and other infrastructure around the dam site, construction on the river itself won’t start “in the absence of the sign-off from our neighbors,” he said.

Vietnam has recommended a 10-year delay for all hydropower projects over environmental concerns on the river, which winds through Myanmar, Thailand and Cambodia from its source in China’s Tibetan plateau. About 60 million people along the Mekong depend on the river and its tributaries for food, water and transportation.

Thai Financiers

In 2010, Thailand made an initial agreement to buy 95 percent of the electricity from the Xayaburi plant, which will have a capacity of 1,285 megawatts.

Ch. Karnchang Pcl (CK), Thailand’s third-biggest construction company by market value, owns a 57.5 percent stake in the Xayaburi project. PTT Pcl (PTT), Thailand’s biggest company, has a 25 percent stake and Electricity Generating Pcl (EGCO) owns 12.5 percent.

In her meetings with Thongsing and Deputy Prime Minister Thongloun Sisoulith, Clinton discussed environmental protection, Laos’s entry to the World Trade Organization and the reintegration of ethnic minority Hmong people who fled to Thailand in 2009, according to the statement. The U.S. resettled 130,000 Hmong who fled to Thailand from 1975 to 1996, according to the State Department.

Unauthorized by Congress, U.S. planes dropped the equivalent of one plane-load of bombs over Laos every eight minutes, 24 hours a day, between 1964 and 1973, according to the non-profit Virginia-based advocacy group, Legacies of War.

Unexploded Bombs

Intended to stop communist ground incursions and disrupt North Vietnamese traffic along the Ho Chi Minh Trail, the bombings left Laos the most heavily bombed country per capita in history. One ton of bombs was dropped for every man, woman, and child in Laos at the time.

Today, an estimated one third of land remains unusable because of unexploded ordnance, making it unavailable for food production or development, according to Legacies of War. In the 40 years since the war ended, 20,000 people have been killed or maimed by dormant explosives hidden in the soil.

Clinton’s visit demonstrates that she “recognizes that bringing along the less developed countries of the lower Mekong region is key for stability and development in the region,” Brett Dakin, head of Legacies of War’s board of directors, said in an e-mail. “However,” he said, “Laos will not reach its full potential as long as much of its land is still contaminated with unexploded bombs.”

To contact the reporters on this story: Nicole Gaouette in Washington at ngaouette@bloomberg.net; Daniel Ten Kate in Phnom Penh at dtenkate@bloomberg.net

To contact the editor responsible for this story: John Brinsley at jbrinsley@bloomberg.net

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